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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
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.

Engineering firm with roots in General Mills sold to investment group

The deal puts the Eden Prairie-based Logic PD in a group of other service providers to big manufacturers.
President Donald Trump shows off the tax bill after signing it in the Oval Office of the White House, Friday, Dec. 22, 2017, in Washington.

Businesses start to reap tax savings from new law, but find far more uncertainty

Beyond the numbers from big public companies, accountants and lawyers say the new law will have even more profound effects on smaller firms.

Economists at Minneapolis Fed meeting explore persistent racial gaps in hiring, wealth

Researcher says efforts to eliminate employer biases may be backfiring.
TCF's first quarter profit rose sharply, boosted by higher interest rates and a lower tax rate.

TCF profit rises sharply, stock jumps 7 percent to highest level since 2007

Higher interest rates and lower taxes, shift away from auto lending all give a lift to TCF.
Minnesota's job market remains exceptionally tight with a shortage of workers now slowing down the pace of hiring.

Minnesota added 2,900 jobs in March as hiring slowdown continues

With unemployment at 3.2 percent, the state's employers are constrained for workers.
U.S. Bancorp reported a 13 percent jump in first quarter profit but its stock fell as investors fretted over the company's expense growth.

U.S. Bank's profit rises, but investors fret about spending growth

Quarter profits saw a 13 percent increase, but stock prices fell a bit over spending anxiety.
Inspire Brands, the new owner of Buffalo Wild Wings, will cut 132 jobs at the Wings corporate office in Golden Valley starting in May.

New owner will cut 132 jobs at Buffalo Wild Wings corporate office

Inspire Brands Inc. will cut 132 jobs at Buffalo Wild Wings' corporate office in Golden Valley starting in May, the company told state economic officials Wednesday.

Latest sign of Minnesota's tight job market: Vacancy rate climbs 16 percent

The twice-yearly report showed slightly fewer openings for part-time work.
Minneapolis for many years has ranked higher on the Economist survey than some other big cities, including San Francisco and Washington, D.C., that ar

Long winters, long commutes drive up Twin Cities living costs, Economist survey finds

The exclusion of housing costs, which are lower here than other big U.S. cities, makes a difference, too.
General Mills sales grew over the winter months but ingredient and shipping costs weighed on its profitability.

General Mills delivers on product ideas, but faces new pressure getting goods delivered

Sales were up after struggling recently, but higher expenses squeezed earnings significantly.
The Minneapolis City skyline including City Hall seen from U.S. District Court.

Report calling Minneapolis third-most expensive U.S. city leaves out house prices

The Economist magazine says only New York and Los Angeles are more expensive.

Confidence is high among U.S. investors, Ameriprise study finds

People with savings and investments are feeling less financial stress.
FILE- In this March 7, 2012 file photo, Illinois gun owners and supporters file out National Rifle Association applications while participating in an

Securian Financial halts insurance marketing to NRA members

The St. Paul company joins a growing list of businesses to cut ties since the Feb. 14 Parkland, Fla., mass shooting.
The logo for General Mills appears above a trading post on the floor of the New York Stock Exchange, Friday, Feb. 23, 2018. General Mills agreed to bu

General Mills heads back to pet aisle with $8 billion purchase of Blue Buffalo

After Pillsbury, it's the second-biggest deal General Mills has ever made.
Bonnie Raquet has been named chairwoman of Thrivent Financial Inc.'s board of directors.

Thrivent board elects Bonnie Raquet to become its first chairwoman

Former Cargill executive becomes first woman to lead Thrivent's board.
Paul Brown, chief executive of Inspire Brands Inc., the new parent of Golden Valley-based Buffalo Wild Wings.

First task at Buffalo Wild Wings, new leader says, is to not mess it up

Inspire CEO Paul Brown says Buffalo Wild Wings will remain distinct from Arby's.
The last shift of Crew 52, the official volunteer group of the Minnesota Super Bowl Host Committee, watched the first half of the game together on Sun

What it was like being a Crew 52 volunteer for the Super Bowl

Our reporter tells all on being Minnesota Nice in the skyways.
The Minneapolis parent of U.S. Bank bought naming rights to the new downtown football stadium in 2015, about a year before it was completed.

Super moment arrives for U.S. Bank's marketing efforts

Its stadium name is the base for U.S. Bank's marketing push
The Southdale location of Buffalo Wild Wings has its regulars.] Arby's is taking over Buffalo Wild Wings. Richard Tsong-Taatarii/rtsong-taatarii@start

Buffalo Wild Wings shareholders approve sale to Arby's

The $2.9B deal will close on Monday or Tuesday.
Tanya Lorenzano stood with her son Landen, 4, and father-in-law Francisco as they posed for a photo with the Vince Lombardi Trophy at the NFL's Super

Super Bowl LII will bring in a lot of money 'fast and furiously'

Estimates of the economic impact — money that is added to the region that wouldn't be here otherwise — range from $220 million to $340 million.
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