Staff Directory 232499901

Evan Ramstad

Business Team Leader | Newsroom
Phone: 612-673-4241
Location: Minneapolis
Other languages: None

Evan Ramstad is a team leader in business news, working with reporters who cover the food industry from field to fork. He also writes about technology, banking and the economy.

He moved to the Twin Cities and joined the Star Tribune in 2013. Ramstad previously worked for The Wall Street Journal in Seoul, Hong Kong and Dallas, and the Associated Press in New York, Washington and Dallas and briefly at the St. Paul Pioneer Press. He grew up in Grinnell, Iowa, where he got a start in journalism at radio station KGRN.
Recent content from Evan Ramstad

Thomson Reuters cutting workforce by 12 percent; Eagan layoffs complete

Company to trim 12 percent of its global staff; workers say layoffs at Eagan office ongoing.
People in the First Ave. Main Room networked while waiting for the Demo Day program to begin.

Target will be joined by Germany's Metro in next year's Techstars program

Big retailers to invest in series of startups, offering money and expertise to create technology.
Laurie Nordquist is a longtime Wells Fargo employee who became CEO of its Minnesota banks and president of its Upper Midwest region in July.

Laurie Nordquist becoming a Wells Fargo executive in Minnesota at a tumultuous time

In her first months on the job, Nordquist has visited about 50 of the 350 branches she leads.
From left, Adam Lerner, CEO, Margaret Thomas, CFO, and Andy Cummings, editor in chief, at Lerner Books, which has purchased San Francisco-based Zest B

Minnesota book firm Lerner buys Zest to enhance its teen books profile, expand reach in stores

The deal is another step in company's desire to move beyond schools and libraries
A recent Minnesota Monthly cover.

Minnesota Monthly to reduce print frequency to 6 issues a year

But the magazine will keep "monthly" in the title.
The Concierge Apartments in Richfield, shown in a file photo taken during its renovation in 2015 and 2016, has been sold to a California real estate i

Concierge Apartments in Richfield, site of controversial renovation, sold

The sale comes just months after owners settled a lawsuit with displaced tenants.
Tom Goodmanson, CEO of Calabrio

KKR raises its investment in Minneapolis-based Calabrio

The funds will help Calabrio advance its customer-service analytics software and services.
Charlie Youakim, CEO of Sezzle, said the company is working to attract larger retailers. Behind him are co-founders Killian Brackey and Paul Paradis.

Sezzle develops pay-in-2019 option with online retailer Tobi

The Minneapolis fintech firm is testing a longer payment window as it pushes into more merchants.
“I joke that there are two risks with AI: using it and not using it,” said David Berglund, vice president of artificial intelligence, U.S. Bancorp

At U.S. Bancorp, David Berglund sorts hype, promise of artificial intelligence

Almost nothing gets as much buzz in executive suites these days as AI.
The new Dunkin' location in Richfield is the first in the Twin Cities with the restaurant chain's new stripped-down identity and dressed-up layout.

The latest Dunkin' in the Twin Cities is just a Dunkin'

The new location in Richfield also has a layout that resembles a coffee shop.
FILE- In this Sept. 27, 2018, file photo a bilingual help wanted sign for Auto Zone is posted outside the store in Canton, Miss.

Minnesota adds 3,400 jobs in October; unemployment holds at 2.8 percent

Overall hiring is slower in Minnesota than last year, but it hasn't topped out yet.
Sen. Ron Johnson, R-Wis., and Neel Kashkari, president of the Federal Reserve Bank of Minneapolis, spoke at a regional economic conference focused on

Sen. Ron Johnson says illegal immigration needs to be fixed before other reform

Key GOP senator says 'political reality' demands solution to illegal immigration problem before addressing the nation's worker shortage.
“It’s always an 80-percent solution from tech. It’s not a 100-percent solution,” says Lucie Greene, an author and director of a media agency.

Tech industry needs to fix itself before trying to fix the world, writer says

It is flaw-filled, she believes, yet it thinks it has every answer.
Raymond Plank, above, was declared “downright interesting” by a Star Tribune columnist before Apache’s Minnesota exit.

Raymond Plank, energy innovator and colorful Minnesota business figure, dies at 96

Plank was philanthropic while co-founding a major energy firm in Minnesota
Crown Bank is suing three of its former officials and another bank.

Crown Bank sues ex-CEO, 2 other bankers who left for rival Tradition

Legal action claims trio took information to help their new employer.
Jostens designed the Packers� Super Bowl ring.

Jostens, Bloomington-based ring maker for students and NFL champs, sold for $1.3B

Minnesota maker of rings for students, NFL champs is sold to L.A. equity firm.

Embassy Suites in downtown St. Paul sold to Drury, will close for remodeling

St. Louis-based Drury said 116 people will be laid off during an overhaul.
Self Esteem Brands, parent of Anytime Fitness, bought Basecamp Fitness, which offers schedule, group-based workouts. Basecamp started in California an

Anytime Fitness parent joins group workout craze with purchase of Basecamp Fitness

Executives say the California-rooted Basecamp can grow to the size of the 4,000-unit Anytime.
Neel Kashkari, president of the Federal Reserve Bank of Minneapolis.

Kashkari urges a pause in rate hikes to study jobs picture

His comments appear amid Trump's growing criticism of rate hikes.
U.S. Bancorp on Wednesday said its annual review process would lead to the elimination of about 700 jobs, or 1 percent of its workforce. But the compa

U.S. Bancorp is eliminating about 700 jobs amid business shifts

Job cuts happen annually at the country's fifth-largest bank, but it will end the year with 2,000 more workers.
United Natural Foods completed its $2.9 billion acquisition of Supervalu on Monday.

Supervalu off stock market for first time since 1967 as $2.9B deal completed

New owners seek buyers for grocery chains, including Cub Foods.

TCF's profit soars in summer months, but stock falls on expense questions

Analysts expressed concerns with the company's expenses.
Susan Langer, CEO of Live Give Save
There are big long-term goals for her company. “If you are employed, you should be able to tip or tax yourself o

Live Give Save founder Langer talks about the push for customers and capital

The beta test is done, the app is out and now it’s time to scale. Susan Langer’s Red Wing-based startup Live Give Save has reached…

Minn. jobless rate falls to 2.8 percent, but job market shrinks a little

September employment numbers signal a job market near a peak.
At U.S. Bank, one out of two customers now use the firm’s digital apps and online services. Its parent reported record quarterly profits on Wednesda

With profit rising, U.S. Bank passes a milepost in digital banking

Customer usage accelerates as U.S. Bank rolls out more services online and via apps.
Terry Rasmussen

Thrivent names first female CEO as Hewitt retires after 8 years at helm

The change comes as Thrivent continues trying to expand its membership base.
Ethan Otterlei, a principal product advisor at Zipnosis, left, discussed his company’s work with Minneapolis-based Allina Health Systems as an Allin

Twin Cities Startup Week isn't just for startups

Identifying and nurturing local talent in tech, innovation becoming key in all industries.
Recruiter Dalton Scott, left, and “fly-in” visitor Corwin Harris chatted at a WeWork office.

Startup Week 'fly-ins' get a $300 offer to check out Twin Cities job scene

The initiative, apparently unique among U.S. technology conferences, reflects the extreme need for tech workers in the Twin Cities.
Protesters marched to Delta headquarters earlier this week to protest the suspected firing of seven Muslim workers.

Seven plane cleaners at MSP, wrapped up in dispute with managers, back at work

They thought they were fired. The company said they weren't. A union helped them protest. They went back to work.
Nels Pederson, managing director of Beta.MN and an organizer of Twin Cities Startup Week, spoke at a meeting of local business and arts executives in

Twin Cities Startup Week is getting big. Could it become something like South by Southwest?

Some believe Twin Cities Startup Week could morph into something beyond a chatfest for entrepreneurs and investors.
Several dozen protesters marched to Delta headquarters to protest the firing of seven Muslim workers who had been allegedly fired for praying while wo

MSP plane cleaners say they were fired; employer says they were just in some trouble

Leader of all-Muslim cleaning crew said they took a prayer break when they had no planes to clean.
Cargill said its adjusted operating profit in the June-August quarter was flat, shaped by small declines in three of its four business units.

Cargill's net profit rises 5 percent, but adjusted earnings are flat

Its trading business saw an increase, but other units came under pressure this summer.

U.S. Bancorp sells its debit-card service business to Fiserv for $690 million

The business provides ATM-related services to other banks and credit unions.
Pauline, Sunny and Michelle Kwan of Keefer Court Bakery & Cafe stood behind a tray of mooncakes. Sunny Kwan is planning to retire and his wife, Paulin

Generational change comes to the oldest Chinese bakery in the Twin Cities

Sunny and Pauline Kwan have been rising early to make Chinese treats for 35 years. Now, it's their daughter's turn.
Valencia Hardy, who dropped out of high school, was hired by Doug Speedling Builders after attending Summit Academy.

For dropouts and other workers on the edge, employers have jobs

Employers are seeking ways to expand hiring pool amid surging economy.

Job vacancies in Minnesota climb another 16 percent to record

Tight labor market helps median pay of vacancies inch closer to $15 an hour.
Billion Dollar Whale, by Tom Wright and Bradley Hope

Review: 'Billion Dollar Whale,' by Tom Wright and Bradley Hope

NONFICTION: Reporters unravel schemes of financier at heart of Malaysian scandal.
The state's unemployment rate dipped below 3 percent for the first time since 1999.

Minnesota's unemployment rate dips to 2.9 percent, but hiring momentum stalls

The latest numbers suggest again that hiring is getting more difficult and the state is near full employment.
U.S. Bank is unveiling Simple Loan on Monday, putting the nation’s fifth-largest bank in more direct competition with payday lenders and other finan

U.S. Bank rolls out Simple Loan, offering small-dollar loans to compete with payday lenders

Small-dollar lending puts it in closer competition with payday lenders.
John Elmore, left, will retire as head of U.S. Bank's more than 3,000 retail branches in March. He will be succeeded by Tim Welsh, right, who will lea

U.S. Bank restructures retail operation as Elmore retires

The company will also appoint its first chief digital officer.

U.S. Bank unit Elavon buys Electronic Transaction Systems in fintech deal

The deal will allow Elavon to integrate payment processing into software developed by ETS, the companies said.
Thomas Sonderman, left, president of SkyWater Technology, and Brad Ferguson, senior director of sales, at the company’s Bloomington office and facto

At SkyWater, a project with DARPA could reshape the fortunes of a Minnesota chip factory

Old Control Data plant, now SkyWater Technology, takes a key role in getting the chip industry past the limits of tininess.
Laurie Nordquist, new lead region president for the Upper Midwest for Wells Fargo & Co. She will oversee banks in Minnesota and seven other states.

Wells Fargo veteran Laurie Nordquist to lead its banks in Minnesota, seven other states

Nordquist most recently was in charge of the company's personal and small business insurance unit.
Elite Airways plan to capitalize on expected demand from Mayo Clinic staff and patients has fallen through.

Elite Airways cancels plans for Rochester nonstop flights to Phoenix, NE Florida

The airline was canceling the planned routes and had already contacted ticketed passengers to make refunds.
The Minneapolis Fed created a webpage devoted to Alexander Hamilton's role in the creation of the nation's financial system and forerunner to the Fede

Minneapolis Fed jumps into the 'Hamilton' frenzy with exhibit, contest for students

A contest for high school and college students has as prizes an internship at the bank and two tickets to the show.

Supervalu shareholders approve new structure to assist selling off retail units

Supervalu Inc. shareholders have approved a reorganization of the food distribution firm that is designed to make it easier to sell its retail operations.The decision…

Minnesota adds 11,200 jobs in July; unemployment falls sharply for blacks, teens

May-to-July period was one of best for hiring that Minn. has seen since 1990.

At investment conference, executives discuss growth plans as fund managers contend with fee pressure

The CFA Society's annual gathering captured economic optimism and industry worry.
Golden Valley-based Buffalo Wild Wings is exploring ways to add sports betting to its chain of sports-themed restaurants. File photo of a Buffalo Wild

Buffalo Wild Wings might add sports betting to menu

Executives are exploring deals after Supreme Court opened door for betting in more states.
President Donald Trump displays the $1.5 trillion tax overhaul package he had just signed, Friday, Dec. 22, 2017, in the Oval Office of the White Hous

For Minnesota firms, tax cuts gave a boost to a robust spring, summer

Most of Minnesota's biggest companies have doubled, and in some cases more than tripled, their profit growth this year.
Karl McDonnell, right, is the CEO of the combined Strayer-Capella, and Kevin Gilligan, left, is vice chairman.

Changing competition, technology pushed Capella and Strayer together

Other for-profit educators sold because they were withering, but these firms were thriving.
Capella Education Co. and Strayer Education completed a $1.2 billion merger Wednesday.

Capella and Strayer complete merger, shares soar nearly 12 percent on strong Q2 results

Capella's new enrollment climbed at its fastest pace in eight years.
The proxy battle is over at Supervalu, clearing the way for its sale a Rhode Island-based distributor.

Activist ends board fight at Supervalu, allowing its sale to proceed

The move helps to ease uncertainty at Supervalu, allowing sale to proceed.
TCF's second-quarter results, adjusted for one-time charges, beat analysts' expectations.

TCF shares leap after strong Q2 results

Recent legal settlement dented bottom line.
An employee at Supervalu Inc. stands in part of a warehouse at a distribution center in Hopkins, Minnesota on Monday, Jan. 9, 2012. Inventories at U.S

After a gamble went wrong, Supervalu struggled for a decade

The company racked up billions in debt, and a downturn soon followed
Ameriprise Financial Inc.’s second-quarter profit jumped 18 percent, helped by the federal tax cut and continuing strong investment flows from clien

Tax cuts, investor confidence lift Q2 profit at Ameriprise

The company beat analysts' expectations as investment flows remained strong.
The Plymouth office of TCF Bank.

TCF agrees to pay $30 million to settle dispute over the way it offered overdraft protection

The bank broke no rules but acknowledged it may have confused customers.
Minnesota added 6,600 jobs in May and the state's unemployment rate held at 3.1 percent.

Minnesota adds 6,600 jobs in June, a sign of momentum after big gain in May

The state's unemployment rate held steady at 3.1 percent.
U.S. Bancorp's second-quarter profit rose 17 percent in the second quarter.

Good times are rolling at U.S. Bancorp, with just one bit of caution

Executives upbeat though also wary of anything that might signal a recession.

Kashkari raises the volume on bond-market signal fears, urges Fed to stop raising rates

Minneapolis Fed president wades deeper into debate over the bond yield curve.

Supervalu sets Aug. 16 for shareholder meeting and showdown with activist investment firm

With vote looming, firm shares details of activist investor's demands.
Starting 11 CEO Teague Orgeman, center, chatted with investor Peter Zugschwert, right, while mentor Paul Taylor caught up on fantasy soccer picks.

Minneapolis fantasy soccer app Starting 11 having marketing moment in World Cup

Minneapolis attorney Teague Orgeman recognized an opportunity in the global soccer community.
Wells Fargo is trimming a few hundred jobs in its home mortgage business as it copes with a steep drop in loan originations and refinancing.

June 25: As mortgage demand sags, Wells Fargo cuts 130 jobs in Twin Cities

Company says falling demand for home mortgages is to blame.
President of the Federal Reserve Bank of Minneapolis Neel Kashkari (SHARI L. GROSS/Star Tribune file photo)

Immigration plays a key role in economic growth, Kashkari says

The U.S. economy needs more workers for healthy growth, the Fed chief says.
U.S. Bancorp is one of the industry’s best performers, although its efficiency ratio slipped slightly over the past year.

Minnesota financial-services firms' strategies allow them to outpace industry peers

Minnesota's biggest financial-services firms continue to outperform most of their peers around the country.
Minnesota added the most jobs in May that have been seen in any month this year. The state is not far from reaching its all-time low unemployment rate

Minnesota adds 10,200 jobs, as employers power through shortage of workers

The state is only a few thousand jobs away from its record low rate of unemployment.

British firm buys Precision, transformer maker in Brooklyn Center with long presence in Minnesota

Workers, manufacturing plant of Brooklyn Center company to stay in place.

Minnesota's Trade Office hires promoters in seven parts of the world

State raises its export and investment promotion to five countries and two regions from three previously.
Jacob Johnson, founder of Minnetonka-based Innovosource, a consulting firm that bridges corporate and university research and development efforts.

Corporate researchers look at providing 'gap funds' to university entrepreneurs and inventors

It creates more risks for corporate investors but also greater rewards.
Polaris is buying Boat Holdings, the maker of Bennington pontoons, a model shown here. The $805 million deal is the largest by value that Polaris has

Polaris enters boat industry with purchase of largest pontoon maker

The deal marks the first foray into the boating industry by Plymouth-based Polaris, which makes all-terrain vehicles, snowmobiles and motorcycles.
Blackwells Capital LLC, the activist investor seeking strategic changes at Supervalu Inc., on Tuesday nominated six outside directors to be voted on b

Activist investor nominates six executives to Supervalu's board

A battle for the direction of Supervalu will go to investors for a vote.

Merger of North Risk, Bearence illustrates changes among independent insurance dealers

Demographics and technology are changing a business that's long been dominated by small entrepreneurs.
Minneapolis skyline including IDS Center, Foshay Tower, Capella Tower, Ameriprise Financial Center, Campbell Mithun Tower, AT&T Tower, 33 South Sixth.

WeWork, Beta.MN team on free-workspace project for Twin Cities startups

WeWork is announcing an initiative with Beta.MN, a nonprofit organization that promotes and supports local tech firms.
Polaris' rising fortunes have earned it a spot on the Fortune 500.

Minnesota has two more firms on Fortune 500 list

Securian Financial and Polaris rise on the magazine's annual ranking of U.S. companies by revenue.
Hiring in Minnesota has slipped sharply over the past year, in part because the labor market is so tight.

Minnesota's employers, with fewer people to hire, are hiring fewer

Hiring in state slowed sharply this year amid tight supply of workers.
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