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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
The construction sector performed the best as far as employment in Minnesota last month. Here, workers are renovating Irondale High School in the Moun

Minnesota lost 1,300 jobs last month, unemployment ticked up to 3.4%

The state more and more looks like its job cycle has peaked.
Several dozen top executives of publicly-traded companies from Minnesota and elsewhere met with Twin Cities investors and analysts Wednesday. Pictured

On rough day for stocks, Minnesota's top execs make pitches to local investors

Top executives from about 40 Minnesota-based companies pitched their strategies for getting through the next year.
Bank of America CEO Brian Moynihan, interviewed at the Minneapolis Institute of Art Tuesday, said the U.S. economy is slowing but still growing solidl

Bank of America CEO: Consumers, small businesses are powering the U.S. economy

Brian Moynihan said larger businesses grapple with uncertainty over global trade and the economic performance of other countries.
In this July 10, 2019, photo a Wells Fargo building is shown in downtown Minneapolis. Wells Fargo is shrinking a customer service office in Shoreview,

Wells Fargo to shrink office in Shoreview, costing 400 jobs

Wells Fargo is shrinking a customer service center in Shoreview, a move that will lead to the elimination of about 400 jobs.

Dorsey & Whitney expands immigration services by acquiring Webber Law Firm

The deal brings a boutique specializing in hiring matters to a large firm with a policy focus.
The parent of the Perkins chain of family restaurants is putting itself up for sale and entered a bankruptcy restructuring to help make a deal happen.

Perkins is up for sale, parent firm enters bankruptcy to make a deal

The family restaurant chain has been majority-owned by Wayzata Investment Partners since 2011.
In this March 14, 2015 file photo, people watch a landing Delta Air Lines jet approach the Narita International Airport.Delta Air Lines in early 2020

Delta signals the final phaseout at Tokyo's Narita

It will shift flights to Haneda International Airport.
Today's TCF shares aren't the same as last week's.

TCF's share price didn't really double last week, even if it looks that way

Websites list TCF stock with different prices, name.

Mac specialist Jamf buys Digita Security to develop security products

Deal gives Minneapolis firm a leading detector of flaws in Mac software.
The new Chase bank in Minneapolis, near the University of Minnesota, features several restaurant-like booths for customers to meet with bankers.

Chase opens its first branch in Minneapolis, with tellers that emerge with a flourish

To keep customers focused on exploring digital options, tellers stay hidden until needed at the first Minneapolis location.
Charlie Youakim, founder and CEO of Sezzle.

Minneapolis' Sezzle takes its buy-now, pay-later idea to Australian investors

The small Minneapolis firm is going public on the Australian stock market instead of in the U.S.

Piper Jaffray reports 67% jump in 2Q profit

The better-than-expected results were driven by higher investment income.
Exterior of the TCF branch on W. 50th St. in Minneapolis. (JEFF WHEELER)

TCF's profit jumps more than 50% in final quarter as standalone bank

TCF Financial Corp., in its last quarter before it merges with a Michigan bank, saw its profit jump 54% as expenses fell sharply compared with…
Ameriprise Financial posted a 6% increase in its second quarter profit.

Ameriprise's financial-advisory business drives 6% jump in quarterly profit

Ameriprise Financial Inc.'s second-quarter profit rose 6% as strength in its financial-advisory business helped offset ongoing pressure in its asset-management unit.The Minneapolis-based company said Wednesday…

U.S. Bank buys BMW's credit card business, will offer co-branded cards

The deal adds a touch of luxury with the co-branded plastic.
The oldest portion of the Dayton's complex, the original building at S. 7th Street & Nicollet Avenue, shown in a 1960 file photo, was built in 1902. T

With historic designation, makeover of downtown Dayton's gets financial and nostalgic boost

Downtown Mpls. complex is now eligible for tax credits, other incentives.
The state added 3,300 jobs last month, lifting the hiring rate off the floor but still well below the pace seen during much of the economic expansion

Minnesota's job market swings back, adds 3,300 jobs

But the big trend is unchanged: the pace of hiring has slowed sharply over the past year or so.
Verizon upgraded a portion of its network in St. Paul to fifth-generation, or 5G, technology. File photo of the Samsung Galaxy S10 5G, one of the few

5G arrives in St. Paul. Just a little, like in Mpls.

The coverage extends over parts of downtown, Lowertown and the West Seventh areas.
U.S. Bancorp's latest profit rose 4% as more of its customers embraced digital banking and interest rates held steady.

U.S. Bancorp customers embrace digital banking, helping company's profits

Second-quarter results indicate the Minneapolis company remains one of the top performers in the industry.
Many of Minnesota's exports move through the Duluth Harbor.

Minnesota sees a turn downward in exports, new data show

Cause behind the tumble is unknown, but it is happening around the Midwest.
Piper acquired Sandler O’Neill not for consolidation or cost savings, but for “driving growth, ”said CEO Chad Abraham, with President Debbra Sch

Piper Jaffray's Sandler O'Neill acquisition: A gamble on growth

With the move, Piper Jaffray will expand its reach to financial-service clients.
The Calhoun Square Famous Dave's in Uptown was closed instead of remodeled, as the company planned a month ago. Executives said they'll find a new loc

Famous Dave's leaves Calhoun Square, looking for new Uptown home

The company is looking for another spot in Uptown instead of remodeling its current location.
Piper Jaffray is buying Sandler O'Neill, a New York investment bank that specializes in deal advising in the financial services industry, for $485 mil

Piper Jaffray buys Sandler O'Neill, banking deal specialist, for $485M

The purchase will unite two small but well-regarded investment-banking firms.
Shares in CyberOptics, maker of sensors like this one used in semiconductor manufacturing, fell sharply Tuesday as executives warned that quarterly sa

CyberOptics shares plunge 23% as chip-industry slump pounds its sales

Executives said spring sales came in at the low end of forecasts and they are downbeat about the rest of 2019.
UnitedHealth Group Inc.'s campus in Minnetonka.

UnitedHealth Group helps launch data science program at black colleges in Atlanta

The group will spend $8.25 million over 5 years for students at the schools.
Skywater Technology's Director of Production Eric Schneider, right, looked over the new equipment that was being installed at Minnesota's biggest chip

Minnesota added 51 to 100 jobs in May as job market stalls

Statistically, Minnesota's job market has flatlined as year-over-year growth lags far behind national pace.
Bite Squad driver Brent Mellett picked up orders at restaurants and delivered them to customers around Minneapolis Wednesday afternoon. Bite Squad sol

Speed counts in food deliveries, and in mergers like Bite Squad and Waitr

With merger, Bite Squad and Waitr vie for market share
Skywater Technology's Director of Production Eric Schneider, gave a tour of production at Minnesota's biggest chip plant, Wednesday, May 22, 2019 in B

Why computer-chip factories from the 1980s are still going strong in Bloomington

The rise of specialty chips in all kinds of things has given new life to older factories across the U.S.

Calabrio buys Swedish software firm Teleopti

The deal combines workforce management tools with customer engagement software.
Economies of scale: TCF Financial Corp.’s move to join with Detroit’s Chemical Financial Corp. this year was described as “a merger of equals.�

The digital-first era begins to shake up Minnesota's finance giants

The biggest move over the past 12 months was TCF Financial Corp. merging with Chemical Financial Corp. of Detroit.
Rendering shows the O'Shaughnessy Distillery planned along Malcolm Avenue in the Prospect Park neighborhood of Minneapolis.

Plans unveiled for new distillery near Surly brewery in Minneapolis

Cousins Michael and Patrick O'Shaughnessy, Walls Cos. are behind the project.
Lowell Wakefield, owner of First Minnesota Bank, is selling the firm, which has a sizable presence in the western metro area, to CorTrust Bank of Mitc

First Minnesota Bank sold to S.D. firm as longtime owner Wakefield retires

CorTrust, a fast-expanding South Dakota bank, will extend its reach in towns around the Twin Cities.
Gov. Tim Walz helped negotiate the two-year, $48.3 billion general fund budget.

Amid budget noise, Minnesota's government grows about the same speed as the economy

It took a special session to reach a budget deal, but key economic traits unchanged.
Seymour Cray, founder of Cray Research, and the company's first supercomputer, the Cray-1.

Even as the company is sold, the Cray name will still be seen in high tech

Hewlett Packard Enterprise announced its purchase of the Minn.-founded firm last week.
Samsung's S10 5G phone sits in a cupholder at U.S. Bank Stadium as a speed test is displayed on the screen. The phone downloaded data at the rate of 8

Samsung, Verizon launch first 5G phone, entry price is $1,300

As phone arrives, Minneapolis is in the spotlight as one of two U.S. cities with a live 5G network.
Cale Johnston, founder and chief executive of ClickSwitch

ClickSwitch secures $13 million in second capital-raising in 10 months

The Minneapolis company developed a system for banks to move a person's direct-deposit and bill-payment information in one click.
President of the Federal Reserve Bank of Minneapolis Neel Kashkari

Even with unemployment at 50-year low, Kashkari says it's not the time to raise interest rates

The job scene is not as good as the unemployment rate makes it seem, Minneapolis Fed chief says.
Thrivent Financial will trim about 500 jobs, including about 430 through early retirements.

Thrivent cuts nearly 500 jobs with Brightpeak closure, early retirements

The member-based investment firm aims to trim $40 million in annual expenses.
Cale Johnston, founder and chief executive of ClickSwitch

ClickSwitch gets big win with T-Mobile's banking service as a customer

T-Mobile's new banking service created a surge of customers for ClickSwitch.
Xcel's first-quarter profit rose 8% as demand for natural gas surged during the snowy and cold winter.

Xcel profit rises 8% as cold, snowy winter pushed demand for natural gas and electricity

Xcel Energy Inc.'s first-quarter profit rose 8%, shaped by stronger margins in both electricity and natural gas services.Xcel, Minnesota's biggest utility, said Thursday it earned…
TCF Bank Dinkytown Branch photo

As merger inches forward, TCF Financial holds expenses in line

The firm's short-term profit growth hinges on controlling expenses.
U.S. Bank will open 10 branches in the Charlotte, N.C., market during the next year and a half. The branches will have a new design that puts computer

U.S. Bank to open branches in Charlotte, N.C., home turf of Bank of America

North Carolina branches will be first step of planned expansion into southern U.S.
U.S. Bank over the next two years will reshape its network of 3,000 branches in 25 states with closures, remodelings and openings. When it's done, exe

U.S. Bank to trim 300 branches during network overhaul

As more people bank online, fewer locations are necessary.

Job growth has stalled in Minnesota

Minnesota is down 2,700 jobs during the first three months of the year.
U.S. Bancorp said its first-quarter profit rose 1.4%, led by higher interest income.

U.S. Bank execs confident about economy as current expansion nears record

U.S. Bancorp leaders join other financial executives who believe expansion will continue
Starting Tuesday, Bite Squad will begin deliveries of breakfast items from about 30 restaurants in the Twin Cities.

Bite Squad begins delivery of breakfast from about 30 Twin Cities restaurants

Many people get up too late or are simply too busy to make breakfast. Now, Bite Squad will cover the people who are even too…
Susan Evans, founder of Evans Larson Communications, with company leaders Elizabeth Pavlica, Paul Konrardy, Margo Hileman and Teresa McFarland.

Evans Larson PR firm pivots with expertise in Facebook

How a Minneapolis public-relations company became more like a media firm, with a particular expertise in Facebook.
Neel Kashkari, here in a 2015 file image, is president of the Federal Reserve Bank of Minneapoli.

Minneapolis Fed's Neel Kashkari still worries that megabanks need more capital safeguards

During a Twitter exchange, the Mpls. Fed leader raises the too-big-to-fail specter.
Verizon launched 5G network coverage in limited parts of Minneapolis and Chicago last week. File photo of Verizon’s display of 5G-capable smartphone

In Final Four's wake, Mpls. is left with cutting-edge 5G wireless network

Service limited to parts of downtown, megamall.
Bank of America’s new locaton in the IDS Skyway. Bank of America is planning a big expansion in the Twin Cities, the heart of Wells Fargo and U.S. B

Bank of America to beef up its branch presence in the Twin Cities

Company will add seven more in Twin Cities, where it had no branches four years ago.
Matt Matsui, Calabrio’s chief product officer

Calabrio rolls out new version of customer interaction software, pushing beyond call centers

Minneapolis company has doubled in size since 2016, plans office move.
Ameriprise Financial headquarters in Minnespolis. Star Tribune file photo

Ameriprise sells auto and home insurance business for $1.05 billion

Mpls. firm is reshaping itself, selling its home and auto insurance arm to American Family.
Actress Pooja Shah depicts a U.S. Bank customer in one of the commercials in a new campaign designed to show the bank's role in everyday life.

U.S. Bank to launch ad campaign focused on everyday banking and new app

The bank is shifting from ads that emphasized "possibilities" to those that depict outcomes.

Wells Fargo to lay off 200 from Bloomington operation it is closing

Wells Fargo notified state officials that it will eliminate about 200 jobs at an office in Bloomington from which it provides payroll services to businesses.The…
The new Bibelot-GoodThings store in Linden Hills, several doors down the street from where Bibelot used to be.

GoodThings burrows a little bit deeper into the Linden Hills area of Minneapolis

Retailer moves just-purchased Bibelot down a few doors and opens a clothing-only store.
This undated photo provided by Google shows a Google data center in Hamina, Finland.

Sherburne County offers incentive to Google to build Minnesota data center

The company will get a break on the county's portion of the property tax on the 300 acres where it would be built.
Minneapolis Fed President Neel Kashkari, shown in a 2015 file image, has resisted interest-rate hikes and supported the central bank's decision to ess

After Fed halts rate hikes, Kashkari signals a rethink on fundamental measure

Kashkari, long a dove on hikes, has new thoughts on fundamental measure.
U.S. Bank senior executive Gareth Gaston led the core group that designed the app. He said in order to be helpful to customers, the new banking app sh

U.S. Bank gets ready to roll out a whole new app

The app, which took hundreds of U.S. Bank employees a year to build, reflects a new relationship between banks and customers.
Last month's cold and snow brought out a halt to some construction work around the state, contributing to a decline of about 8,800 jobs in the Minneso

Winter wiped out 9,000 Minn. jobs, may signal a bigger turn

Minnesota lost 8,800 jobs in February. U.S. job growth also slowed and Minnesota lost jobs over a 12-month period for the first time since 2010.
CEO Aaron Kardell of Minneapolis-based HomeSpotter. The acquisition of Spacio gives it a new app to offer real estate companies and their agents.

HomeSpotter's software suite helps keep real estate agents in the know

HomeSpotter, well past the startup stage, has rounded out a suite of products for use by real estate companies
Target Field vendor Delaware North will be using texts and video chats instead of in-person interviews for many hires at Target Field this year.

You could get a job at Target Field using only your smartphone

Delaware North says it aims to let job applicants know within two days if they are hired to work at Twins games by using texts and video chats instead of in-person interviews.
A new Wells Fargo website will provide resources and information to customers who are eligible for restitution.

Victims of Wells Fargo fake-account scandal can use website to seek restitution

Funds from suit filed by attorneys general are now available to be claimed.
As other MBA programs shrink, the Carlson School of Management has seen strong enrollment growth in its degree in data analytics.

U of M's Carlson School sees growth in business analytics program

This master's program in the Carlson School has become increasingly popular.
Dalton Scott, a recruiter for Twin Cities startups and small tech companies, left, and Corwin Harris, in from Michigan for Twin Cities Startup Week in

With a new campaign, Greater MSP makes a push for tech talent and firms

Region has 50,000 tech openings, agency says.
The American bison, or buffalo, was once prolific across the western U.S. before the years immediately following the Civil War, when they were killed

American Indians haven't recovered from costs of buffalo slaughter, study says

Tribal nations that once relied on bison have per capita incomes today that are 20 to 40 percent below the average of all American Indian nations.
AT&T said this week it was adding the Twin Cities to its rollout of 5G this year.

AT&T says 5G rollout will reach Twin Cities this year

The precise scale of the service is still to be determined as consumers wait for smartphones that can handle 5G.
The University of Minnesota has launched a business incubator called Discovery Launchpad to help researchers form companies.

University of Minnesota adds business incubator to help researchers start companies

Launchpad program is filling gap between grant funds, investor support.
ClickSwitch CEO Cale Johnston developed software that lets customers move their entire banking relationship with the click of a mouse or tap on a scre

Minneapolis fintech company makes it easier to move bank accounts around

ClickSwitch's technology may force banks to fight harder for the most lucrative customers.
Twins owner Jim Pohlad

Pohlad joins other sports team owners in bid for Fox sports networks, report says

Minnesota Twins owner joined with Malone, Gore, report says, but the structure for selling 21 networks is fluid.

Jamf adds to education market reach with purchase of European firm

ZuluDesk is a Dutch distributor of Apple gear to schools and universities.
Smoke rises from the chimneys of homes in St. Paul's West 7th neighborhood Wednesday, Jan. 30, 2019, as furnaces tried to keep up with the record brea

Xcel looking into why its natural gas system failed some customers

It's unclear where the pinch point happened for Xcel's delivery of natural gas on Wednesday.
United Natural Foods, which bought Supervalu last year, is accusing Goldman Sachs of fraudulent behavior in its dual role as adviser and fund-raiser o

United Natural Foods sues Goldman Sachs over its help in Supervalu deal

United Natural Foods expected "ethical counsel" from major banks in $2.9 billion deal.
Michael Noble, founder of Apruve, a Minneapolis-based fintech company that just raised $6 million in a Series A round.

Another Minneapolis fintech, Apruve, gets Series A round of $6M

Firm created a platform to speed up payments in business transactions.
Target says it will soon accept Apple Pay and other "contactless" payments.

Target joins 'contactless' wave, accepts Samsung, Apple, Google payments

The chain's 1,800 stores will all take payments by "tap" within a few weeks.
Darrell G. Seki, Red Lake Nation chairman, said the nation is doing everything it can to keep services intact and people employed.

Government shutdown hits Indian reservations harder than most places

Red Lake Nation chairman said federal standoff has caused a cash-flow crisis.
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