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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

Minnesota adds 4,400 jobs in June; unemployment holds steady at 3.7 percent

The added jobs came at a slower-than-average pace over the past year but a partial recovery from a drop-off in May.
U.S. Bank turns a corner on efficiency, momentum builds for revenue growth

U.S. Bank turns a corner on efficiency, momentum builds for revenue growth

Company took big strides in the second quarter, CEO Andy Cecere's debut.
Mpls. analyst who saw iPhone's promise goes all in on Tesla's Model 3

Mpls. analyst who saw iPhone's promise goes all in on Tesla's Model 3

The rollout of Tesla's more-affordable sedan is a turning point for electric vehicles, analyst says.
Buffalo Wild Wings starts the sale of 83 restaurants to franchisees

Buffalo Wild Wings starts the sale of 83 restaurants to franchisees

New strategy launched after activists got seats on restaurant firm's board.
Data uncertainty led Kashkari to vote again for hold on interest rates

Data uncertainty led Kashkari to vote again for hold on interest rates

For the second time this year, the Minneapolis Fed president was the only member to vote to hold rates in place.
Shares in Target, Supervalu, other grocers fall sharply

Shares in Target, Supervalu, other grocers fall sharply

Investors see grocery companies pressured by Amazon's biggest foray into brick-and-mortar yet.
Volatile pattern jobs emerges again as Minnesota employers trim after a big gain

Volatile pattern jobs emerges again as Minnesota employers trim after a big gain

The state lost 7,200 jobs last month after enjoying a big jump in April.
Kashkari's dissent on rates seemed clear in the morning's inflation data

Kashkari's dissent on rates seemed clear in the morning's inflation data

Since January, the Minneapolis Fed leader has repeatedly pointed to low inflation as one reason to keep interest rates steady.
Analyst says Buffalo Wild Wings shareholders in 'lose-lose' spot

Analyst says Buffalo Wild Wings shareholders in 'lose-lose' spot

The winner of Friday's shareholder vote will face greater difficulty maintaining profits, Wedbush Securities says.
Buffalo Wild Wings and activist investor head for final showdown

Buffalo Wild Wings and activist investor head for final showdown

Not since investor William Ackman angled for strategic control of Target Corp. in 2009 has the fate of a large, high-profile Minnesota company come down to a such a pivotal vote.
Fed leaders: Job disparity data becoming more important to central bank's decisions

Fed leaders: Job disparity data becoming more important to central bank's decisions

The effects of poverty and inequality are becoming important to the Fed's assessment of job data.
Mpls. Fed wants to re-evaluate central bank's role in fighting inequality

Mpls. Fed wants to re-evaluate central bank's role in fighting inequality

Dozens of leading researchers are in Minneapolis to identify ways the central bank can assist their work.
Minnesota added 15,100 jobs in April, biggest monthly gain since 2013

Minnesota added 15,100 jobs in April, biggest monthly gain since 2013

The gain brought the state closer to the national rate of job growth.
Despite strong economic sentiment, business chiefs hold back on investments, two Fed chiefs say

Despite strong economic sentiment, business chiefs hold back on investments, two Fed chiefs say

Two Fed leaders say their research shows optimism but not much investment.

Cintas will close former G&K headquarters in Minnetonka, lay off 232

Cintas will begin the downsizing at G&K's headquarters in July and finish next year.
Who competes with Buffalo Wild Wings? Differing views at core of stock battle

Who competes with Buffalo Wild Wings? Differing views at core of stock battle

The company's stock performance looks different depending the firms used for comparison.
Star Tribune CEO Mike Klingensmith to chair news industry trade group

Star Tribune CEO Mike Klingensmith to chair news industry trade group

He succeeds Tony Hunter, a consultant and former chief executive of the Chicago Tribune.
Canadian insurance firm buys Plymouth-based OneBeacon for $1.7 billion

Canadian insurance firm buys Plymouth-based OneBeacon for $1.7 billion

Intact Financial Corp. takes a bigger step into the U.S. market with the deal.
Buffalo Wild Wings new directors, activist investor, trade shots

Buffalo Wild Wings new directors, activist investor, trade shots

Tensions over the direction of the company rise in run-up to the June 2 annual meeting.
Showdown over Buffalo Wild Wings future set for June 2

Showdown over Buffalo Wild Wings future set for June 2

A June 2 meeting could decide if there will be a change in the company's leadership.
Buffalo Wild Wings critic raises stakes by seeking resignation of CEO Smith

Buffalo Wild Wings critic raises stakes by seeking resignation of CEO Smith

A major investor in Buffalo Wild Wings says longtime CEO Sally Smith has to go
U.S. Bancorp beats forecasts with 6.3 percent jump in profit

U.S. Bancorp beats forecasts with 6.3 percent jump in profit

The company's new CEO began his first full day on the job with an earnings beat.
Tile Shop flexes its muscle amid retail shakeout as profits up 19%

Tile Shop flexes its muscle amid retail shakeout as profits up 19%

As the home improvement sector flourishes, Tile Shop's profit jumped 19 percent.

Regis appoints Hugh Sawyer, an operations executive, as CEO

Hugh Sawyer will focus on shift to more franchisee ownership.
Supervalu to buy California-based cooperative Unified Grocers for $375 million

Supervalu to buy California-based cooperative Unified Grocers for $375 million

It's buying a California-based cooperative for $375 million.
Kashkari takes on Dimon, tells him he is wrong on failure and risk to taxpayers

Kashkari takes on Dimon, tells him he is wrong on failure and risk to taxpayers

He says JPMorgan CEO is wrong to believe the "too- big-to-fail" issue is solved.

In 'The Accusation,' tales of the fearful, betrayed lives of North Koreans

FICTION: An author living in North Korea wrote still relevant short stories in 1980s and '90s.
Buffalo Wild Wings hires investment banker that activist shareholder wanted

Buffalo Wild Wings hires investment banker that activist shareholder wanted

Activist investor Marcato Capital takes another shot at the chain despite the hiring of Cypress Group.
Buffalo Wild Wings adds two names in board contest, one already offered by activist

Buffalo Wild Wings adds two names in board contest, one already offered by activist

One candidate nominated has been backed by the activist investor critical of the chain.
Minnesota added 3,800 jobs in February; unemployment rate holds at 4%

Minnesota added 3,800 jobs in February; unemployment rate holds at 4%

Unemployment rate is 4 percent for the seventh straight month.
General Mills hits seventh straight sales drop, and investors look for turning point

General Mills hits seventh straight sales drop, and investors look for turning point

The company sees seventh straight quarterly drop, but it has maintained profits by cutting costs.
Jim Lyon wraps up a career atop the biggest safe in six states

Jim Lyon wraps up a career atop the biggest safe in six states

Steady, quiet No. 2 at the Minneapolis Fed is retiring after 41 years.
Kashkari: U.S. economy, Fed are not ready for higher rates

Kashkari: U.S. economy, Fed are not ready for higher rates

Inflation and job targets haven't been met for rate hike, Minneapolis Fed chief asserts.
Franchisee group backs Buffalo Wild Wings management in tussle with activist

Franchisee group backs Buffalo Wild Wings management in tussle with activist

Large group is siding with the company in a dispute with an activist investor.

Minnesota lost 8,300 jobs in January, a shift in momentum from big gains at end of 2016

The state's unemployment rate was 4 percent.
With funding boost, FPX rises as price configuration software takes off

With funding boost, FPX rises as price configuration software takes off

Businesses want to order products the way consumers do, giving new life to longtime Minnesota company FPX.
Capella signals higher spending in first half of 2017

Capella signals higher spending in first half of 2017

The stock dipped 11 percent at the for-profit education firm as fourth-quarter profits dropped.
Buffalo Wild Wings will test restructuring with sale of about 60 outlets

Buffalo Wild Wings will test restructuring with sale of about 60 outlets

The move, sought by an activist investor, comes as its latest results missed expectations.
Kashkari blogs about his first interest-rate vote

Kashkari blogs about his first interest-rate vote

The chief of the Minneapolis Fed cited key economic measures for his decision to hold tight.

Activist investor nominates four people to Buffalo Wild Wings board

The activist investor who bought a sizable stake in Buffalo Wild Wings Inc. last year on Monday nominated four candidates to the company's board of…
In Super Bowl ad, Buffalo Wild Wings claims it was behind Favre's interceptions

In Super Bowl ad, Buffalo Wild Wings claims it was behind Favre's interceptions

Two Men-In-Black type characters show Brett Favre video evidence of a force taking control of his passes in midair.

Ameriprise shares jump 4 percent after earnings beat expectations

The company's net profit rose 12 percent though its asset management unit felt pressure from U.S. investors and Brexit.
TCF will close branches in 10 Cub stores, leaving only ATMs

TCF will close branches in 10 Cub stores, leaving only ATMs

TCF Financial Corp. will close branches in 10 Cub Food stores on April 14, leaving them with ATMs amid a decline in demand for full-service…
TCF profit fell amid a sudden loss of momentum in auto lending

TCF profit fell amid a sudden loss of momentum in auto lending

Interest income grew solidly and the company added to its deposit base.
As Trump settles in, U.S. Bank's Davis suggests optimism and readiness

As Trump settles in, U.S. Bank's Davis suggests optimism and readiness

The U.S. Bancorp CEO says there is "a new game afoot" in the country.
Best Buy's Joly says he isn't leaving after report says he is top prospect for another job

Best Buy's Joly says he isn't leaving after report says he is top prospect for another job

Brazilian newspaper says French retail giant Carrefour has him on a list of potential CEOs.
Hiring in Minnesota accelerated at the end of 2016

Hiring in Minnesota accelerated at the end of 2016

Strong finish to the state's market in 2016 isn't expected to remain in the near future

HomeServices buys Houlihan Lawrence, a real estate brokerage near NYC

HomeServices of America Inc. said it acquired Houlihan Lawrence, a brokerage in the northern suburbs of New York City.
U.S. Bancorp's record year ends on a slower note

U.S. Bancorp's record year ends on a slower note

The Minneapolis banking company announced a marginal jump in net profit and reduced pace of revenue growth in the fourth quarter.
U.S. Bancorp CEO Davis to step down in April; Cecere to step in

U.S. Bancorp CEO Davis to step down in April; Cecere to step in

Richard Davis, who led U.S. Bancorp through the economic downturn and shaped it into the nation's best-performing large bank by financial measures, will step down as chief executive in April, the company said today.
Share prices of Minnesota companies outpaced the broader market in 2016

Share prices of Minnesota companies outpaced the broader market in 2016

The stocks of Minnesota companies performed better than the broader market in 2016, a turnaround from 2015 when most were a disappointment for investors. Major…
Sun Country seeks delay in start of Cuba flights

Sun Country seeks delay in start of Cuba flights

The airline cites challenges to overcome in the smaller Cuban cities it was assigned.
Unwinding an old deal by Northwest, Delta cancels order for Boeing 787s

Unwinding an old deal by Northwest, Delta cancels order for Boeing 787s

A $2.1 billion order for 787s was placed by Northwest Airlines in 2006 before the airlines merged.
Marco's Pizza makes push for Minnesota amid competition for franchisees

Marco's Pizza makes push for Minnesota amid competition for franchisees

Fast-growing pizza chain eyes market at same time as Dunkin' and Tim Hortons.
Kashkari says Fed's interest-rate decisions can't be done by a formula

Kashkari says Fed's interest-rate decisions can't be done by a formula

As he is about to get a vote, Minneapolis Fed chief joins the fray over how to proceed.

Minnesota adds 5,000 jobs in November, bouncing back from October

The unemployment rate in the state fell to 3.8 percent, compared with 4.6 percent in the country as a whole.
Life-changing magic of sundubu captured in new Korean cookbooks, restaurants

Life-changing magic of sundubu captured in new Korean cookbooks, restaurants

As winter comes on, a spicy soup with soft tofu is comfort food for Koreans — and a treat for everyone else, too.

Software tools maker Perforce buys Seapine

The deal gives Perforce a deeper reach in application lifecycle management.
Delta Air Lines will give employees a 6 percent raise in 2017

Delta Air Lines will give employees a 6 percent raise in 2017

Thousands at MSP will benefit as move comes after a big raise and profit-sharing this year.

Digi board rejects Belden's second offer; investors act as if company is in play

Minnetonka company says no to St. Louis firm for second time.

Belden makes public a $380 million offer for Digi International

Belden Inc. late Friday revealed a $380 million offer to buy Digi International Inc., a Minnetonka-based maker of telecommunications equipment, and said it went public…
Labor force trends suggest Minnesota will need more immigrants, experts say

Labor force trends suggest Minnesota will need more immigrants, experts say

The pace of labor force growth has slowed markedly this decade.
CyberOptics hits hypergrowth with faster 3-D scanning products

CyberOptics hits hypergrowth with faster 3-D scanning products

The company, long a maker of electronics manufacturing equipment, is now a leader in scanning 3-D objects very fast.

Regis signals plan to accelerate hair salon franchising

The company reported a profit rebound but lower revenue in the latest quarter.
North Korean defectors recall harrowing escapes at U seminar

North Korean defectors recall harrowing escapes at U seminar

In searing detail, North Korean defectors told U seminar about evading police and close calls.
Buffalo Wild Wings at 'pivotal time,' CEO says

Buffalo Wild Wings at 'pivotal time,' CEO says

Amid slowing growth and pressure from an activist, a new finance chief arrives to help execs recalibrate.

Capella shares jump 12 percent on strong results and improved outlook

With online enrollment growing, executives forecast a strong finish to the year.

TCF net profit jumps 7 percent, shaped by new loans and sales of old ones

TCF Financial Corp. said Friday its third-quarter net profit grew 7 percent from the same period last year, shaped by growth in loan originations and…

Oct. 20: Select Comfort shares tumble sharply after 3Q results miss forecasts

Select Comfort Corp. lowered its outlook for the rest of the year after announcing third-quarter results that missed expectations. The results were released Wednesday evening,…
U.S. Bancorp's Richard Davis says banks are still fighting for their reputation

U.S. Bancorp's Richard Davis says banks are still fighting for their reputation

U.S. Bancorp reports "solid" results, but the CEO says Wells Fargo's problems are an issue for financial industry

St. Jude, Abbott plan to sell vascular closure products to Terumo if merger goes through

Japan's Terumo is perched to buy them for $1.1 billion.
KLM will start flying between MSP and Amsterdam again

KLM will start flying between MSP and Amsterdam again

It's a return after 16 years to MSP for one of Europe's biggest carriers.

Calabrio rolls out cloud-based platform for customer data

Calabrio, a fast-growing Minneapolis software company, has made over its main product so that it can store data in a network "cloud" instead of using…
Buffalo Wild Wings should franchise 90% of outlets, activist investor says

Buffalo Wild Wings should franchise 90% of outlets, activist investor says

Marcato's McGuire said franchises yield higher profits and share valuations.
Supervalu's grocery stores are feeling heat from competitors

Supervalu's grocery stores are feeling heat from competitors

Supervalu Inc. lowered its financial outlook for the rest of the fiscal year Thursday, saying that its grocery stores, including Cub Foods, and Save-A-Lot discount unit are not performing as well as expected.
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