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Evan Ramstad

Business Team Leader | Newsroom
phone: 612-673-4241
Evan Ramstad is a team leader in Business coverage.
Recent content from Evan Ramstad

Deluxe raises outlook after beating expectations with 2Q results

Deluxe Corp. said its second-quarter profit rose 12 percent, driven chiefly by growth in its financial services business. The Shoreview company said it earned $56.1…

Ameriprise operating earnings rise in flat investing environment

Its insurance business was hit by bigger-than-expected losses.
Code42 taps software exec Payne as CEO

Code42 taps software exec Payne as CEO

Matthew Dornquast started the company in 2001, says Payne will lead “next big wave.”

Piper Jaffray adds River Branch to expanded finance sector operations

It bought a boutique Chicago firm and has made new hires.
A new sensor from Golden Valley-based CyberOptics will advance digital gadgets

A new sensor from Golden Valley-based CyberOptics will advance digital gadgets

CyberOptics’ latest product ultimately will make digital gadgets better, cheaper

Accenture's sale of Mpls.-based Navitaire reflects clout of discount airlines

Amadeus, Europe’s largest airline reservation system, is buying local tech specialist.
Review: 'The Girl With Seven Names,' by Hyeonseo Lee, with David John; North Korean defector's life on the run

Review: 'The Girl With Seven Names,' by Hyeonseo Lee, with David John; North Korean defector's life on the run

NONFICTION: A North Korean defector reveals a life of danger even after her escape.
Target revamp continues as No. 2 exec leaves

Target revamp continues as No. 2 exec leaves

Kathryn A. Tesija, the de facto No. 2 executive at Target Corp. and its chief merchandiser since 2008, is leaving, the company said this morning.
Fast-growing LeadPages snares $27 million in new investments

Fast-growing LeadPages snares $27 million in new investments

Money will help LeadPages through period of rapid growth.

Great River Energy promotes 'wind energy' for electric car owners

Through the use of certificates earned by generating wind power, the utility hopes to appeal to drivers of electric cars.
After getting it wrong on Apple's TV, Mpls. analyst watches big picture

After getting it wrong on Apple's TV, Mpls. analyst watches big picture

Company gave up on its TV, but Piper analyst says connectivity is next big thing

The Hartford to close Woodbury mutual fund operations

Move of mutual fund offices affects about 190 employees.
Twin Cities 'geekettes' create a chance to stand out

Twin Cities 'geekettes' create a chance to stand out

Hack the Gap, a 14-hour contest of ideas and programming, puts the spotlight on women who work in Twin Cities tech firms.
Post to move all cereal operations to Lakeville after Malt-o-Meal deal

Post to move all cereal operations to Lakeville after Malt-o-Meal deal

St. Louis-based cereal maker Post, which bought the Minnesota-based maker of Malt-O-Meal earlier this year, says it will consolidate its cereal operations in Lakeville.
Identity theft getting easier, 'Catch Me If You Can' subject Frank Abagnale says

Identity theft getting easier, 'Catch Me If You Can' subject Frank Abagnale says

Identity theft expert Frank Abagnale says people make it too easy for criminals

Gorton Studios of Eagan sells Web backup technology to Pantheon Inc.

The sale to Pantheon marks a change for Gorton Studios.
Star Tribune buys City Pages

Star Tribune buys City Pages

Most of the City Pages staff will be retained. The Star Tribune will stop publishing Vita.mn.
Famous Dave's sees profits, revenue decline after ending discounts

Famous Dave's sees profits, revenue decline after ending discounts

The barbecue chain’s first-quarter earnings slid 62 percent, missing analysts’ expectations.
Star Tribune buys City Pages; Vita.mn to cease publication

Star Tribune buys City Pages; Vita.mn to cease publication

The Star Tribune will halt publication of its entertainment weekly, Vita.mn.

Haskell's partners with Drizly on delivering beer, wine

It's the latest in service using an app.

Mosaic results lifted by higher prices

The Mosaic Co. said Thursday its first-quarter profit rose 35 percent, helped by tax gains and higher prices for the two major commodities it sells,…

Capella profit jumps as enrollment rises

Capella Education Co. said Tuesday its first-quarter net profit rose 14 percent as key enrollment indicators for its online university increased. Capella said it earned…
Best Buy joins trend — no single advertising agency

Best Buy joins trend — no single advertising agency

Crispin Porter + Bogusky will no longer be retailer’s main agency.
Big jumps in ATVs, motorcycles push Polaris profit up 9 percent

Big jumps in ATVs, motorcycles push Polaris profit up 9 percent

The company’s top executive noted it is grappling with inventory and production challenges.

Piper Jaffray profit slips after advisory services drop

Piper Jaffray Cos. said Thursday its first-quarter net profit fell 4 percent and revenue slipped, shaped by a drop in its advisory services business. The…
Duluth Trading apologizes to Don Henley to resolve trademark dispute

Duluth Trading apologizes to Don Henley to resolve trademark dispute

Eagles singer, known for protecting his trademarks, accepts a public apology from Duluth Trading.
With no energy trading misstep, Cargill profit jumps 33 percent

With no energy trading misstep, Cargill profit jumps 33 percent

Third-quarter results were strong compared with last year, with gains in energy trading and protein and animal nutrition.
Reviews are in: Apple Watch performs well but isn't a necessity

Reviews are in: Apple Watch performs well but isn't a necessity

The reviews are in for Apple's first smartwatch and they're generally good, although reviewers caution that the gadget isn't as intuitive as the company's previous gizmos.
Target cutting 1,700 employees

Target cutting 1,700 employees

Target Corp. cut 1,700 people at its corporate offices in the Twin Cities on Tuesday, the largest downsizing of its headquarters staff ever and the biggest at any Minnesota company since 2002.

St. Paul's Internet Broadcasting becomes base of media-services firm Lakana

Internet Broadcasting Systems becomes the base operation for the newly formed firm Lakana.
Best Buy closes 66 Future Shops, consolidates Canadian operation

Best Buy closes 66 Future Shops, consolidates Canadian operation

Best Buy will stop using the Future Shop brand in its Canadian operation, closing 66 stores and renaming 65 others, the company said Saturday. The move, part of a $200 million revamping of store and digital operations in Canada, will result in 1,500 job losses.
Inside Target's growth plan, buybacks play a strong role

Inside Target's growth plan, buybacks play a strong role

The layoffs at Target Corp. are the most ­dramatic and painful part of CEO Brian ­Cornell’s plan to boost profits in the next five years, but they’re not the most potent financial move the company plans.

Minnesota banks positioned for strong 2015

The Minneapolis Fed said 2014 turned out better than expected.
By saying little about cuts, Target heightens uncertainty

By saying little about cuts, Target heightens uncertainty

By being vague about plan to cut thousands of jobs, the retailer only increases workers’ anxiety, experts say.
Bank of America identifies first three Minnesota sites

Bank of America identifies first three Minnesota sites

National banking giant will open its first three Minnesota branches later this year
Review: 'A Kim Jong-Il Production,' by Paul Fischer

Review: 'A Kim Jong-Il Production,' by Paul Fischer

NONFICTION: A filmmaker and first-time author pieces together Kim Jong-Il’s abduction of two of the leading lights of 1970s South Korean cinema.
Deluxe fourth-quarter profit jumps 27 percent

Deluxe fourth-quarter profit jumps 27 percent

The acquisition of Wausau Financial helped drive revenue.
Money managers: Where do millennials fit in the economy?

Money managers: Where do millennials fit in the economy?

Fast-growing group has been slow to get out on its own.
New owner to convert Little Falls ethanol plant for renewable chemicals

New owner to convert Little Falls ethanol plant for renewable chemicals

A British biotech company on Tuesday finalized the purchase of a central Minnesota ethanol plant that it will modify to produce chemicals, rather than fuel, from corn.
Kocherlakota warns about deflation again

Kocherlakota warns about deflation again

Kocherlakota explained his vote against the central bank’s latest policy stance on interest rates.
Christopher & Banks seeks clues for sales miss

Christopher & Banks seeks clues for sales miss

Christopher & Banks saw a huge change in September, about the time the new iPhone appeared.
Mandatory distribution of phone books likely ending in Minnesota

Mandatory distribution of phone books likely ending in Minnesota

In granting a request by CenturyLink, the state PUC signaled the end of mandatory phone book distribution. The rise of cellphones, the numbers for which aren’t listed in phone books, has rendered the White Pages far less useful.
General Mills sends warning on profit, sales

General Mills sends warning on profit, sales

The foodmaker expects profit to decline in the current quarter as it slashed prices on products.

Snap Fitness lands deals to expand in U.K., India

The Minnesota franchiser expects about 500 new outlets.
Mpls. Fed chief says he disagreed about ending stimulus over low inflation

Mpls. Fed chief says he disagreed about ending stimulus over low inflation

The chief of the Minneapolis Fed said too-low inflation poses its own threat.
Mosaic forecasts more fertilizer gains despite growing cost pressures on farmers

Mosaic forecasts more fertilizer gains despite growing cost pressures on farmers

Shipments for both phosphates and potash grew in the third quarter, the company said.

Strong market, more investing lift Ameriprise beyond analysts' expectations

Operating earnings easily beat analysts’ expectations.

Optum buys Alere, provider of wellness services, for $600M

The deal will increase parent UnitedHealth’s business with health insurance exchanges.

TCF profit driven upward by auto, equipment financing

TCF Financial Corp. said third-quarter net income grew 22 percent as auto loans and equipment financing rose strongly and borrowing costs fell. The Wayzata bank…

Deluxe net falls on charge, buys Wausau Financial

Deluxe Corp. said Thursday it bought a Wisconsin-based maker of accounting software, Wausau Financial Systems, for $90 million in cash, a deal that came on…

Polaris boosts outlook again after strong third quarter

The company reported strong third-quarter sales of ATVs and accessories.
U.S. Bank profit flat as commercial loans grow

U.S. Bank profit flat as commercial loans grow

Commercial loans grew at more than twice the rate of its overall lending portfolio.
Oppression U: 'Without You, There is No Us,' by Suki Kim

Oppression U: 'Without You, There is No Us,' by Suki Kim

Over six months of teaching in the North Korea, a writer discovers the psychic and physical toll of tyranny.
Billionaire Steve Case: Invest in Minnesota tech firms

Billionaire Steve Case: Invest in Minnesota tech firms

Billionaire founder of AOL and Sen. Amy Klobuchar met Twin Cities tech entrepreneurs and bankers on business opportunities and the availability of capital.
Minnesota-based Rat Rod magazine expands with bike title

Minnesota-based Rat Rod magazine expands with bike title

The Shakopee publisher of Rat Rod magazine will launch a new one for motorcycle customizers.
Jerry's to close two Rainbow stores it recently bought

Jerry's to close two Rainbow stores it recently bought

The new owner of two Rainbow Foods stores -- one in West St. Paul and one in Minneapolis -- has decided to close them, four months after picking them up in a multi-company, 27-store deal that reshaped the Twin Cities grocery scene.
The changing face of high tech in Minnesota

The changing face of high tech in Minnesota

Supercomputing is no longer center stage, but Minnesota's powerful tech firms quietly hum along.
At Apple's product unveiling, Mayo takes a big role

At Apple's product unveiling, Mayo takes a big role

Mayo hopes the product will encourage patients to use smart gadgets to track their health, despite some concerns over data collection and security.
Double-decker buses hit the road in Minnesota

Double-decker buses hit the road in Minnesota

SouthWest Transit has been running two double-decker buses as part of its State Fair shuttle service. One will be used on its regular commuter routes.

Wings Financial firms up plans for four new branches

Wings Financial Credit Union, Minnesota’s largest credit union, said it will open four new branches over the next few months, bringing its total to 15…
May 24: Arby's cooks up 13-hour commercial airing in Duluth

May 24: Arby's cooks up 13-hour commercial airing in Duluth

The record-setting TV spot, conceived by Minneapolis ad agency Fallon to promote Arby’s brisket sandwich, will be aired only on a Duluth TV station.
At InvestMNt, a lot of numbers, some dealing and a bit of fun

At InvestMNt, a lot of numbers, some dealing and a bit of fun

Meetings between corporate execs and investors aren’t all spreadsheets and presentation decks.

CenturyLink plans 1-gigabit Internet service for Twin Cities

The legacy land-line service provider says the 1-gigabit service is available in selected parts of the metro area.
At Minnesota's Farmfest, drones and data fly onto the agenda

At Minnesota's Farmfest, drones and data fly onto the agenda

When surveying fields, Minnesota farmers are trading their tractors in for unmanned, aerial crafts that can provide quick images of crops as they grow.

Medtronic buys Visualase for $105 million

Purchase adds to Medtronic’s offerings for neurosurgeries. The firm also received FDA approval for a spinal product.

Ecumen joins $27M senior-focused investment fund

The senior-home operator joins a private equity fund focused on the aging population.
UnitedHealth will ramp up offerings to state exchanges

UnitedHealth will ramp up offerings to state exchanges

The nation's biggest health insurer says medical cost trends “remained moderate.”

Stratasys' MakerBot to sell 3-D printers in Home Depot

MakerBot division will start with printers in a dozen stores.
Khandpur tapped as R&D chief at 3M

Khandpur tapped as R&D chief at 3M

A 19-year veteran who has trotted the globe takes the reins from Fred Palensky, who ended a 37-year career at 3M with eight years as R&D chief.

Small dip in Fastenal profit margin sends stock sharply lower

Investors went scurrying, leading to a 4.2 percent drop in its stock value.
MSP to move fast-growing Spirit Airlines to bigger terminal

MSP to move fast-growing Spirit Airlines to bigger terminal

MSP’s Terminal 2 is near capacity, forcing the airport to shuffle fast-growing Spirit to the bigger Terminal 1.
CHS 3Q profit gets a boost from flour mill spinoff

CHS 3Q profit gets a boost from flour mill spinoff

Nation’s largest co-op saw big jumps in agriculture-related operations.

FDA clears St. Jude's Calif. plant under scrutiny since 2012

The government had issued a warning letter in 2013 about a St. Jude plant in California.
Taylor enters industry evolving in digital news age

Taylor enters industry evolving in digital news age

Glen Taylor is entering a business that’s in the midst of reinvention.
Best Buy shares rose sharply in downbeat week for stocks

Best Buy shares rose sharply in downbeat week for stocks

The electronics retailer’s shares had their best week of the year, though they remain well below their January peak.
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