Surmodics CEO Gary Maharaj said he is confident his company's sale to private equity firm GTCR "will position the company to continue to deliver compe

Eden Prairie-based med-tech company Surmodics going private in $627M deal

Private equity firm GTCR, based in Chicago, will pay $43 per share when the transaction closes in the second half of the year, pending shareholder and regulatory approval.

Kowalski's opening at Southdale, a big step in the Edina mall's evolution

May 29
Workers install signs at the new Kowalski’s Market in Southdale Center’s new luxury wing Friday in Edina.
The opening comes as renovations continue to expand an upscale wing at the country's first indoor shopping mall.

Forty-year advertising vet Chris Preston has some of his best ideas while on his bike

9:43am
Chris Preston bikes at Minnehaha Falls in Minneapolis on Friday. Chris Preston, the chief creative officer and senior partner at Preston Spire adverti
The chief creative officer at Preston Spire is an avid long-distance cyclist and helms an independent, employee-owned ad agency.
Local
4 minutes ago
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.
South Metro
8:00am
New owners are taking steps to bring Burnsville Center back to life. A petting zoo will be coming to a now-empty storefront, midlevel behind the tower

New owners breathe signs of life back into Burnsville Center

New owners are infusing the south metro shopping center with building updates, new tenants and high hopes for a mall that had emptied out in recent years.
Business
May 28
UnitedHealthcare, a unit of UnitedHealth Group, is based in Minnetonka, Minn.

For-profit HMOs will, again, be blocked from Minnesota's Medicaid program

Legislative change partially restores market protections for nonprofit health plans that were dropped in 2017.
Business
May 28
Anoka-based Federal is among Vista Outdoor's ammunition brands that would be part of a deal with CSG.

Federal ammunition owner gets sweetened offer from Czech company, rejects latest from U.S. investors

Vista Outdoor says Prague-based CSG raised its offer by $50 million, to $1.96 billion, and that they formally rejected the revised bid of MNC Capital Partners.
Business
May 28
A group of Kim’s employees walks along W. 31st Street to deliver a petition to unionize Tuesday in Minneapolis. About 60 restaurant workers at Kim's

Workers at chef Ann Kim's Uptown restaurant seek to unionize

Kim's, specializing in Korean American cuisine, would be the first of the James Beard award-winning chef's eateries to unionize. Kim also owns Young Joni, Pizzeria Lola and Hello Pizza.
Is your company on the list of Minnesota's 2022 Top Workplaces?
Business
Is your company on the list of Minnesota's 2022 Top Workplaces?
updated 17 hours 35 mins. ago
Worker expectations change at Minnesota firms as pandemic retreats.
Business
May 28
President of the Federal Reserve Bank of Minneapolis Neel Kashkari was photographed at the Federal Reserve Bank on Friday, December 22, 2017. ] Shari

Interest rates could stay high 'indefinitely,' says Minneapolis Fed president Kashkari

Speaking at a forum Tuesday, Neel Kashkari reinforced that rate cuts this year seem unlikely despite predictions for them at the end of 2023.
Business
May 28
Jessica Waller works on making a cashew peanut butter in an industrial kitchen at the Cornerstone Creek Apartments in Golden Valley.

Money, Work, Know-How

Stories for Minnesotans who want to develop careers, build businesses, find opportunities, make more money and spend it wisely — and about the people who can help them do it.
Gophers
May 27
Minnesota big businesses could hire Mara Braun, left, or Dawson Garcia for endorsement work.

How might Target, 3M, other giants invest in Gophers NIL deals?

Minnesota has a new point person working with the state's Fortune 500 companies, educating them about NIL, all in search of the next 'game changer.'
Business
May 27
Between tickets, parking, concessions and souvenirs, going to a sporting event can be expensive. The average American family can spend more the $250 t

Are you going to the game? Make sure you bring your wallet

Enjoying a sporting event in person can become expensive fast. Here's tips on how to keep the fun outing affordable.
Local
May 25
A to-go salad sits in a compostable bowl with a recyclable lid at Mother Dough in Capella Tower in Minneapolis. The restaurant recently started phasin

Black plastic and foam to-go containers are banned in Minneapolis. Restaurants are still getting up to speed.

One in 10 restaurants was out of compliance with the city's requirement for recyclable or compostable containers. The black plastic ban started Jan. 1.
Business
May 25
Renderings of proposal to turn Interstate 94 between the downtowns of Minneapolis and St. Paul into a boulevard.

Ramstad: Cutting out I-94 seems fantastical, especially in slow-to-grow St. Paul

It could happen, though, and that would change the metro economy massively.
With $324.2 billion in revenue, UnitedHealth again tops list of Minnesota public companies
Business
With $324.2 billion in revenue, UnitedHealth again tops list of Minnesota public companies
updated 13 hours 27 mins. ago
The top 50 companies as a whole posted revenue of $750.7 billion, up 7% from the year before. However, growth was slower than in 2021.
Business
May 25
iStockphoto.com

Breaking a grammar rule can help emphasize a point or establish your writing style

A writer constantly makes such decisions, not just to report data but to make the reader feel the action.
Business
May 25
Pedestrians walk past the front of the New York Stock Exchange in New York, Tuesday, June 14, 2022. Wall Street is wobbling between gains and losses T

Some investing clichés are more valuable than others

Clichés are everywhere in financial media, but you shouldn't take every one as true.
Business
May 25
The coordinated use of taxable, tax-deferred and tax-free retirement accounts is critical to your post-working success and requires intentional planni

Maximize your retirement savings by minimizing your taxes

The coordinated use of taxable, tax-deferred and tax-free retirement accounts is critical to your post-working success and requires intentional planning.
Business
May 25
Largely thanks to a tight labor market, the typical 25-year-old Gen Z member —  those born between 1997 and 2012 — has a household income of more

Gen Z is doing better financially than baby boomers at their age and saving for retirement

The typical 25-year-old Gen Z member has a household income of more than $40,000, and 62% of them participated in their employers' 401(k) plan as of 2021.
Local
May 24
An Alumacraft boat in 2012

Another 106 workers laid off at Alumacraft in St. Peter in second round of job cuts within a year

Canada-based parent company BRP cut 68 workers in St. Peter last fall as demand for boats declined.
Health
May 24
With the results of the study, Novo Nordisk plans to ask the Food and Drug Administration to update Ozempic’s label to say it can also be used to re

Ozempic cuts risk of chronic kidney disease complications, study finds

A major clinical trial showed such promising results that the drug's maker halted it early.
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 9 hours 22 mins. ago
We've created a new destination for everything agriculture in Minnesota and around the country.
Business
May 24
Erin Campbell, commissioner of Minnesota Management and Budget, stopped by a pen to pet three lambs from Gale Woods Farm that were on the State Capito

After months of delays, federal farm bill finally passes committee

Rep. Angie Craig, citing cuts to nutrition, voted against a farm bill that advanced out of House Ag committee early Friday morning, but the other Minnesotan on the committee, Rep. Brad Finstad, supported the legislation.
Variety
May 24
University of Minnesota students James Duquette and Aditya Prabhu snagged $8,000 in funding for their start-up Alure LLC.

University of Minnesota students find 'eco-friendly' way to kill Japanese beetles

The students snagged corporate funding to take their experiment on the road.
Curious Minnesota
May 24
A walnut apricot Bundt cake.

Did Bundt cake originate in Minnesota?

The ring-shaped desserts have been a hit with bakers since the Bundt pan's debut in the 1950s.

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.