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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
New book reminds readers that in Silicon Valley, tension helps drives innovation

New book reminds readers that in Silicon Valley, tension helps drives innovation

Leslie Berlin's 'Troublemakers' portrays the rise of PCs, video games, venture capital and biotech in the 1970s and 1980s.

Minn. unemployment hits 17-year low, but job growth is slowing

Minnesota's unemployment rate is 3.3 percent, but figures show job growth has slowed.
Outsiders call Twin Cities a 'long shot' to attract Amazon's HQ2

Outsiders call Twin Cities a 'long shot' to attract Amazon's HQ2

The latest to handicap and dismiss the Twin Cities is the Wall Street Journal.
Buffalo Wild Wings gets takeover offer from Roark, report says

Buffalo Wild Wings gets takeover offer from Roark, report says

Offer comes five months after activist investor won strategic control.
For family-owned Lerner Publishing, accolades and internal change mark a watershed year

For family-owned Lerner Publishing, accolades and internal change mark a watershed year

Founder Harry Lerner created an education book juggernaut. Son Adam is turning it into something more.
Tesla buys Brooklyn Park firm, plans expanded metro recruiting

Tesla buys Brooklyn Park firm, plans expanded metro recruiting

Perbix has been working with Tesla for three years to design the automaker's factory lines. The company says it plans to keep the facility in Brooklyn Park.
For Minn. costume-selling giant, November is the time to catch up on sleep

For Minn. costume-selling giant, November is the time to catch up on sleep

Mankato-based HalloweenCostumes.com grapples with an extreme form of retail seasonality.
Capella, online education specialist, merging with business school operator

Capella, online education specialist, merging with business school operator

The two for-profit educators will keep operations separate
Tackling income gaps means confronting U.S.-sanctioned segregation, author tells Minneapolis Fed audience

Tackling income gaps means confronting U.S.-sanctioned segregation, author tells Minneapolis Fed audience

The role of old government policies on today's economic disparities is overlooked, writer Richard Rothstein says.
Buffalo Wild Wings surprises investors with better-than-expected profit

Buffalo Wild Wings surprises investors with better-than-expected profit

Guidance raised as decline not as bad as expected; stock rises after hours.
Ameriprise profit leaps on surge of investing, market gains

Ameriprise profit leaps on surge of investing, market gains

The company's adjusted profit beat analysts' expectations for the July-to-September period.
Amazon is growing faster than any big U.S. company maybe ever

Amazon is growing faster than any big U.S. company maybe ever

The online retailer is morphing into data systems, logistics and media. One constraint: Getting enough people.

Minnesota adds 6,400 jobs in September, with broader patterns holding steady

Minnesota is adding jobs faster than the nation as a whole, and the metro area outpaces the state overall.
Higher interest rates, loan growth drive U.S. Bancorp's profit up, but not enough for some investors

Higher interest rates, loan growth drive U.S. Bancorp's profit up, but not enough for some investors

Executives were upbeat about the broad economy heading into 2018.

Vista Equity buys controlling stake in Mpls. tech firm Jamf

A Texas technology investment firm bought a controlling stake in Jamf, a Minneapolis-based provider of management tools for Apple products, the companies said Wednesday.
Pass tax reform or move on, N.D. senator says at Minneapolis Fed conference

Pass tax reform or move on, N.D. senator says at Minneapolis Fed conference

N.D. senator tells Fed conference uncertainty is delaying investments.
Another indicator of Minnesota's tight job scene: Job vacancies rise sharply in first half of year

Another indicator of Minnesota's tight job scene: Job vacancies rise sharply in first half of year

Semiannual state survey finds unfilled positions exceed number of unemployed.
Kashkari says Fed may have contributed to low inflation expectations

Kashkari says Fed may have contributed to low inflation expectations

He praised Yellen for raising the issue but asks for no more rate hikes.
Delta changes its employee bonus plan as a boost for nonpilots

Delta changes its employee bonus plan as a boost for nonpilots

The company two years ago created a separate profit-sharing scheme for nonpilot workers.
Freshii exits Target, ending 2-year trial that didn't work out

Freshii exits Target, ending 2-year trial that didn't work out

Freshii Inc., a salads and wraps restaurant chain, is closing the 18 locations that it opened in Target Corp. stores over the last two years, including one in Minneapolis.
MSP climbs into top 10 'mega airports' in ranking of passenger satisfaction

MSP climbs into top 10 'mega airports' in ranking of passenger satisfaction

That's up from 17th a year ago and well above the average satisfaction rating, a market research firm found.
Chocolate peanut butter Cheerios, fast start for Oui yogurt, new ads should lift General Mills, execs say

Chocolate peanut butter Cheerios, fast start for Oui yogurt, new ads should lift General Mills, execs say

But General Mills missed the profit expectations of investment analysts, and the company's stock fell 5.8 percent.
George Konik acquires PrimeStaff, uniting two Twin Cities specialists in technical hiring

George Konik acquires PrimeStaff, uniting two Twin Cities specialists in technical hiring

The merged company will be called Konik PrimeStaff.

Minnesota employers lost momentum this summer, though job growth still outpaces U.S.

Despite the monthly job drop, and a downward revision to the July jobs total, the state's year over year job growth continues to edge the nation's.
Dayton's call for 'restrained' bid for Amazon HQ draws protests

Dayton's call for 'restrained' bid for Amazon HQ draws protests

Some Twin Cities tech leaders say the state's economic future shouldn't be handcuffed by homegrown companies Target and Best Buy.
Cargill sells U.S. metals business to Japan's Metal One

Cargill sells U.S. metals business to Japan's Metal One

It's the latest divestiture as company narrows its focus to agriculture, food.
H.B. Fuller buys Royal Adhesives for $1.6 billion

H.B. Fuller buys Royal Adhesives for $1.6 billion

It's the biggest deal H.B. Fuller has ever made, boosting its reach with industrial customers.

C.H. Robinson buys Milgram, a Canadian freight firm, for about $50 million

The deal is the newest step in C.H. Robinson's international expansion.
Hormel signals higher prices for bacon amid soaring demand

Hormel signals higher prices for bacon amid soaring demand

Hormel's latest profit was squeezed as commodity prices rose more quickly than it could pass them on.

Minnesota's employment scene accelerates with 7,700 jobs added in July

Minnesota employers added 7,700 jobs in July, faster than the average rate over the past year and above the national growth rate for the second…
Hormel buys Fontanini, Chicago-based maker of Italian meats, for $425 million

Hormel buys Fontanini, Chicago-based maker of Italian meats, for $425 million

Fontanini grew from a single store into national pizza restaurant supplier.
Turning a page: Leadpages co-founder Collins taps his own CEO successor

Turning a page: Leadpages co-founder Collins taps his own CEO successor

Leadpages co-founder Clay Collins will hand his job as chief executive to John Tedesco, a veteran of the Twin Cities tech scene who has served…
Buffalo Wild Wings to end Tuesday wings specials

Buffalo Wild Wings to end Tuesday wings specials

Slipping profits and high wing costs mean an end in the next few weeks for the discounts, in place for 30 years.
Ameriprise profit soars as rising stock market attracted investors

Ameriprise profit soars as rising stock market attracted investors

The clients of its financial advisers poured money into the market this spring.
TCF beats expectations with a nearly 5 percent jump in Q2 profit

TCF beats expectations with a nearly 5 percent jump in Q2 profit

Executives give an upbeat outlook, say changes to auto-finance strategy are paying off.

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…
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