Lee Mitau was a long-time board member at Graco and H.B. Fuller.

Public company boards set their own pay. At Minnesota firms, that averages $250,000.

While scrutiny of CEO pay has grown, attention hasn't been the same on directors' pay.

Are small-cap stocks coming back into style?

July 20
Small-cap stocks have been out of favor for years thanks to their relative underperformance and interest rates that have remained “higher for longer
Small-cap stocks have been out of favor for years thanks to their relative underperformance and interest rates that have remained "higher for longer." But small-caps have bounced big time in July with a growing consensus that rate cuts from the Federal Reserve are coming in September.

Don't forget the fiduciary standard when picking a financial advisor

July 20
Piggy bank on calculator concept for saving, accounting, banking and business account. istock
The fiduciary standard binds many financial advisors and is in the nature of their professional certification and business practice.
Local
July 20

Charges: Minnesota woman's 'microcurrent therapy' device injured users

The Winona woman collected nearly $1 million in franchise fees from around the country for what she called a "microcurrent therapy" device, according to the charges in U.S. District Court.
Business
July 20
The Colonnade office building in Golden Valley recently renovated its lobby among other design revamps.

Decades-old Golden Valley office building attracts tenants with new amenities

The Colonnade of I-394 underwent $5 million in renovations to modernize the building and defy national vacancy trends.
Business
July 19
An industrial shredder turns tree scraps into biomass fuel for District Energy in St. Paul. The 12-acre wood yard near Pig’s Eye Lake is one of the

Minnesota wants to be carbon-free by 2040, but it still hasn't decided what that means

The Public Utilities Commission must decide what counts as carbon-free as utilities move to a clean grid.
Local
July 19
A coalition of funders announced Wednesday that Press Forward Minnesota had raised $6 million so far to support local journalism in the state.

Foundations invest $6 million in new fund to support local journalism in Minnesota

The money will help local groups over the next five years. Organizers also hope to drum up more philanthropic support.
July 19
At a Rotary conference in Singapore, attendees watch an immersive video created by REM5 that shows volunteers in Zambia administering polio vaccines t

St. Louis Park VR company helps Gates Foundation spread awareness to eradicate polio worldwide

REM5 Studios finds niche in creating immersive films for humanitarian campaigns.
What are Minnesota's Top Workplaces for 2024?
Business
What are Minnesota's Top Workplaces for 2024?
updated 11 hours 8 mins. ago
We survey employees to find the top workplaces in the Twin Cities and Minnesota each year. Those ranking at the top of the list might surprise you.
Business
July 19
Rainbow Health, a health care nonprofit concentrating on the LGBTQ+ community, has abruptly shut down.

Rainbow Health abruptly shuts down services in Minneapolis

The union representing about 60 workers says staff were given no advance notice about closure at nonprofit that advocated for LGBTQ patients.
Business
July 19
FILE- In this Feb. 9, 2018, file photo, a radiology technician looks at a chest X-ray of a child suffering from flu symptoms at Upson Regional Medical

Hacks at Twin Cities medical firms affect more than 1 million customers

Information exposed included Social Security and driver's license numbers.
Business
July 19
Ariel Bernades pours a Minneapolis Cider Co. Trail Magic THC drink, raspberry basil flavored, into a glass for a customer at Minneapolis Cider Co. in

Costly, hard-to-find insurance keeping THC beverages off some Minnesota menus

Minnesota's pioneering approach to on-site THC consumption means insurers don't have a baseline to write policies around and thus are hesitant to offer coverage.
Local
July 18
Mason Nadolney got his second COVID-19 vaccine shot during a mobile vaccine event at Chanhassen High School in July.

What to know about the latest COVID variants, Minnesota testing, vaccines

Expert advice on masking, testing, vaccines and boosters is evolving along with coronavirus variants. Here's the latest from Minnesota and the CDC.
Business
July 18
Crews work to construct a solar facility near the Sherburne County Generating Station, also known as Sherco, a large coal-fired power plant on Dec. 8

PUC approves Xcel plan to replace retiring Minnesota coal plant with mega solar farm

Utility regulators on Thursday granted a key permit for the third large Xcel solar project in Becker, the last in a trio that together will be one of the country's largest farms. The power will help replace the outgoing Sherco coal plant.
Business
July 18
Michelle LaDue worked at her desk at Baker Tilly accounting firm on Tuesday, December 13, 2016, in Minneapolis, Minn. Many of the areas between the cl

Minnesota's thawing labor market a good sign for the economy's soft landing

State officials said the decline in month-to-month jobs in the state is unlikely to become a long-term trend given recent gains.
With $371.6B in revenue, this giant again tops list of Minnesota public companies
Business
With $371.6B in revenue, this giant again tops list of Minnesota public companies
updated 17 hours 37 mins. ago
This year, 38 of the top 50 Minnesota-run companies had $1 billion or more in revenue.
Business
July 18
French bread. Photodisc

Food manufacturing plant in Fridley closing, laying off 170 workers

Family-owned Rich's, based in New York, acquired the plant from TreeHouse Foods in 2020.
Business
July 18
Minnesota's 50 highest-paid executives, with No. 1 at $59.5M

Minnesota's 50 highest-paid executives, with No. 1 at $59.5M

Two CEOs earned more than $50 million, and 13 over $10 million.
Business
July 18
Bio-Techne President and CEO Charles Kummeth (ANTHONY SOUFFLE/Star Tribune file photo)

One company's shareholders voted no on say-on-pay. Its CEO is the highest-paid in Minnesota.

Charles Kummeth at Bio-Techne and James Cracchiolo each realized more than $50 million, but 19 local CEOs saw compensation decrease.
Business
July 18
Cargill headquarters in Minnetonka. The company is laying off 200 tech workers globally in its effort to retool its digital strategy.

Cargill lays off 200 tech workers globally amid digital refocusing

The cuts come as Cargill is opening a tech-focused office hub in Atlanta that plans to hire for 400 jobs.
Business
July 17
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A million gallons of coal ash wastewater spills at Minnesota Power coal plant

The Duluth-based electric utility said an unknown amount of polluted water had reached a nearby lake after a pipe leaked.
Business
July 17
U.S. Bank is headquartered in Minneapolis.

Deposits, credit card spending growth lead to increased revenues for U.S. Bancorp

Meanwhile, higher deposit costs and a drop in commercial products hit net income.
The Louriston Dairy near Murdock, built and operated by Riverview LLP, is home to 9,500 cows, 40 times more than the average American dairy. The compa
Agriculture News and trends about Minnesota's farm economy
updated 6 hours 56 mins. ago
We've created a new destination for everything agriculture in Minnesota and around the country.
Local
July 17
Two former Minneapolis medical services company executives have been given prison terms for orchestrating a scheme that netted them millions of dollar

Minneapolis medical execs and 'soulmates' sentenced for scheme that netted millions

Both were given prison terms, ordered to pay the money back to their victims.
Business
July 17
30 cal empty brass shell casings at ATK ammo plant in Anoka came off the polishing machine. GENERAL INFORMATION: Anoka, MN., Tuesday, 3/4/2003. Photo

Large Vista Outdoor shareholder says it will vote 'no' on selling ammunition brands to Czech firm

War of words between rival suitor MNC and Vista also escalates ahead of shareholder meeting on Tuesday.
Business
July 16
FILE - This June 13, 2019, photo shows a house with a "sold pending" sign fixed on the realtor's sign in northeast Jackson, Miss. On Monday, Dec. 30,

More listings — and slightly higher prices — for Twin Cities home buyers this summer

A midyear real estate report shows it's still a seller's market, but that's changing.

Business

Complete coverage of business news in the Twin Cities, Minnesota and elsewhere, including Fortune 500 Minnesota companies: UnitedHealth Group, Target, Best Buy, 3M, CHS, U.S. Bancorp, General Mills, C.H. Robinson, Land O’Lakes, Ecolab, Ameriprise Financial, Xcel Energy, Hormel Foods, Thrivent Financial, Polaris, Securian Financial Group, Fastenal and Patterson Cos.