The U.S. economy grew faster than previously estimated this fall as the Commerce Department’s first revision of third quarter GDP was 2.9%.

US revises up last quarter's economic growth to 2.9% rate

Despite high interest rates and chronic inflation, the U.S. economy grew at a 2.9% annual rate from July through September, the government said Wednesday in a healthy upgrade from its initial estimate.

Hormel Foods' stock falls on muted 2023 outlook

11:48am
Hormel headquarters in Austin, Minn.
The company's stock fell nearly 5% in morning trading, sharply underperforming the broader market, on management's weak outlook for 2023.

Donaldson profit rises 13%, will restructure business lines

12:35pm
Donaldson, a longtime maker of vehicle parts, is developing a life sciences business.
Donaldson is putting more focus on end-market customers and a new life sciences business.
Business
November 29
Apartments like this rental tower that Ryan Cos. is developing near U.S. Bank Stadium in downtown Minneapolis have accounted for more than half of all

Homebuilding in the Twin Cities fell steeply during November

In a reversal, some Twin Cities homebuilders have inventories of houses that are ready for occupancy.
Business
November 29
Chanti Miller, left, Dave O’Neil and Phuong O’Neil represent the real estate group behind Mosaic, a new event venue in downtown Minneapolis that w

Downtown Minneapolis' newest venue caters to multicultural weddings and events

Mosaic is an event space in the Finnegans Brew Co. building that aims to offer customers more flexibility and control.
Business
November 29
A robot at Graco moves finished cylinders from a CNC machine after testing them and restocks the machine with unfinished stock.

State unveils program for businesses to use robots to address workforce shortages

The $12.5 million automation loan program is the fifth announced so far as part of $97 million small business initiative.
Business
November 29
UnitedHealth Group expects medical costs to increase modestly in 2023.

UnitedHealth Group expects revenue nearing $360B next year

The health care giant projects double-digit growth, led by its Optum division for health care services.
Local
November 29
Nurses with the Minnesota Nurses Association marched from U.S. Bank headquarters to Wells Fargo in Minneapolis on Nov. 2.

Nurses reach tentative contract agreement in Moose Lake, but not in Twin Cities, Duluth

Tentative agreement at smaller hospital comes as nurses at larger hospitals must decide whether to OK a strike in the winter and amid respiratory virus surge.
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 12 hours 58 mins. ago
Worker expectations change at Minnesota firms as pandemic retreats.
Business
November 29
Niron Magnetics Chief Operating Officer John Larson, left, and Chief Executive Andy Blackburn at Niron’s prototype manufacturing facility in northea

Niron Magnetics plans to power greener electric motors

The Minneapolis-based company has raised $77 million to develop 'clean earth' magnets.
Business
November 28
Several Minnesota companies have expanded telemedicine benefits this year. Shown is a file photo of Avera eCare telemedicine center in Sioux Falls, S.

Minnesota employers add benefits — including pet perks and meal subsidies — to keep employees

In a tight labor market, additions to health care, vacation and bereavement policies helps recruit and retain workers.
Business
November 28
Grant Meyer, financial advisor and founder of GTS Financial stands for a portrait Wednesday, Nov. 23, 2022 at Bell Plaza in Bloomington.

How to build wealth when you don't own your home

Financial advisors say 20- and 30-somethings should reduce or eliminate debt, save and invest in the stock market.
Business
November 28
Jessica Waller works on making a cashew peanut butter in an industrial kitchen at the Cornerstone Creek Apartments in Golden Valley on April 12, 2022.

Star Tribune Business: 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.
Business
November 27
A family makes their way on a sidewalk in the downtown area in Worthington, Minn., earlier this month.

In meatpacking towns, some say child labor is 'not a secret'

Labor Department attorneys say PSSI, a Wisconsin-based cleaning service, illegally employed six underage staff at JBS Pork in Worthington and Turkey Valley Farms in Marshall.
Business
November 27
Choose words wisely. They can hurt more than relationships. Your work life also could be affected.

Harvey Mackay: Words can hurt others — and also you

Every day, you must pick words carefully. Social media has exacerbated people's emotional responses, but you should avoid responding until you are more measured.
These are the top 50 public companies in Minnesota ranked by revenue
Business
These are the top 50 public companies in Minnesota ranked by revenue
updated 16 hours 13 mins. ago
The top five companies on the Star Tribune 50 each had double-digit revenue gains in 2021. The group as a whole has grown as well. The addition of new companies over the past few years have helped raised the floor from $88.3 million in 2018 to $233.4 million this year.
Business
November 27
It’s fine to take a break from holiday shopping and gift-giving if you’re working out debt.

How to manage gift-giving expectations while in debt

Own your financial truth. Take a break from the holidays if you can't afford them.
Local
November 26
Hannah Reichenbach of Minneapolis paged through a book while shopping at St. Paul’s Black Garnet Books on Small Business Saturday.

Small Business Saturday highlights triumphs, challenges post-COVID

Dozens of people shopped local to support small businesses in the Twin Cities. Despite progress, inflation and market changes pose new challenges for some employers.
Business
November 26
Compute North is losing control of its cryptocurrency center in Kearney, Neb.

Compute North — flying high just months ago — now part of crypto bankruptcy wave

The Eden Prairie-based company is trying to reorganize in Chapter 11, but it has already lost control of key crypto centers.
Business
November 26
Developer Asana now owns properties on three corners at E. Hennepin and University avenues in Minneapolis.

Twin Cities area retail space is in demand: 'Having our best year'

Retail leasing has been one of the most active sectors of commercial real estate in the Twin Cities this year as a post-pandemic surge of in-person shopping boosts the market for brick-and-mortar stores and restaurants.
Business
November 26
Philip Seymour Hoffman is shown in a scene from “Moneyball,” based on Michael Lewis’ 2004 book.

Using algorithms for everything may produce results, but also a boring product

The statistics-driven approach to baseball over the last few decades has now spread to the NBA, movies and more.
Business
November 26
Columnist Ross Levin says that when parents do things that they feel their children are taking for granted, parents may be the ones acting entitled.

Levin: How parents can get twisted around on entitlement

Parents need to ask: Am I modeling entitlement or gratitude?
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 4 hours 45 mins. ago
We've created a new destination for everything agriculture in Minnesota and around the country.
Agriculture
November 26
Derek Drake at his hydroponic farm in Mokena, Ill., on Oct. 27, 2022. After being furloughed in the pandemic, Drake began pursuing his dream of becomi

Hydroponic farm owner seeks to democratize the food system and change the narrative

When he lost his job at the start of the pandemic, Derek Drake took up farming in a trailer container.
Business
November 26

A stay-at-home spouse can help build good credit

Spouses share a lot, but no matter your relationship status, your credit score belongs to you and you alone. Even if you are 100% supported…
Business
November 26

There are good reasons to delay retirement

If you have been dreaming of retirement since you entered the workforce, you might have a certain idea of what it looks like when you…

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.