Business
October 16, 2020
Bank of America (Dreamstime/TNS) ORG XMIT: 1791252

Market review: Walt Disney reorganizes, shares rise

Business
October 16, 2020
Target store in Danvers, Mass. (AP Photo/Charles Krupa, FIle)

Target saw record sales from its Deal Days this week

The Minneapolis-based retailer's event coincided with Amazon Prime Day.
Business
October 16, 2020
MBOLD is more specifically aimed at addressing global problems that threaten the food supply chain in the future.

Big local companies, U, others form group to tackle food challenges

Called MBOLD, the coalition is focused on sustainable growth of the food industry.
Business
October 16, 2020
The Kindeva Drug Delivery business 3M sold earlier this year is building its own headquarters in Woodbury. Construction on the $15 million project sho

Former 3M med-tech business to get new headquarters in Woodbury

Drug-delivery business building HQ in Woodbury.
Local
October 16, 2020
Roger Reinert, the interim executive director of the DECC, posed for a portrait among empty seats in the Symphony Hall on Thursday morning. ] ALEX KOR

Convention centers continue taking financial hits from pandemic

Those in charge are starting to wonder what the future looks like for the car shows, concerts and hockey games they rely on financially.
Business
October 16, 2020
The Southwest Journal will cease publication at the end of the year unless a buyer is found.

Southwest Journal, two magazines to close as owners seek buyer

One of the last neighborhood newspapers in Minneapolis is an influential voice in the city.
Business
October 15, 2020
Prairie Island Nuclear Power Plant in Welch. Xcel will build the pilot hydrogen plant either at Prairie Island or its nuclear facility in Monticello.

Xcel gets $10.5M federal grant for pilot project on hydrogen

The new plant will be at either Prairie Island or the utility's Monticello nuclear facility.
Business
October 15, 2020
Minnesota's jobless rate is down to 6%, a figure that looks like good news but is shaped by far more people leaving the workforce than jobs being fill

State jobless rate falls to 6%, mainly from those leaving workforce

Seven months into the pandemic's economic crisis, Minnesota only has half its jobs back and tens of thousands have stopped looking for work.
North Metro
October 15, 2020
Conductor Mike Szabla stood outside the train prior to departure on the Northstar commuter train at Target Field station in Minneapolis. ] LEILA NAVID

Transit officials consider future of Minnesota's Northstar rail line

Ridership has plunged by 95% during the COVID-19 pandemic.
Business
October 15, 2020
Pilgrim's Pride will expand its plant in Cold Spring, a move that will lift its employment there by about 10%.

Pilgrim's Pride will expand Cold Spring plant

The chicken processor will add 130 jobs at the plant when the addition is complete next spring.
Business
October 14, 2020
U.S. Bancorp's third-quarter profit fell 17% as it remained under pressure from the pandemic and recession. But it put aside less money for potential

U.S. Bank to close another 400 branches, or 15% of locations, by early 2021

The branch closures come on top of another 300 in the last year or so.
Local
October 14, 2020
A portion of the UnitedHealth Group Inc.'s campus in Minnetonka is shown in 2012 file photo.

UnitedHealth Group boosts outlook as more seek health care

Third-quarter earnings beat expectations despite commercial enrollment decline.
Business
October 14, 2020
As the temperature crosses below the 45-degree threshold, more restaurants are going to be relying on their delivery and takeout business.

Schafer: Winter is coming, and the restaurant owners all know it

Minnesotans shouldn't treat this like a normal winter.
Business
October 14, 2020
Medtronic CEO Geoff Martha

Medtronic tells investors it expects faster sales growth ahead

The company now expects to return to normal revenue and profit growth by January, three months earlier than earlier projections.
The Good Life
October 14, 2020

How older workers can prepare for job loss

There are no easy answers when it comes to the job market, especially during a pandemic.
Business
October 14, 2020
Red For Rent sign closeup against brick building. (Credit: Getty Images/iStockphoto) ORG XMIT: MIN1801191410370364

Signs of 'financial stress' emerge in survey of Twin Cities rent payers

A greater share of metro apartment dwellers missed their rent payments last month as aid expired.
Business
October 14, 2020
iPhone 12 and iPhone 12 mini come in five aluminum finishes, including blue, green, black, white and (PRODUCT)RED.

Video: Apple unveils new iPhones supporting 5G networks

Four new iPhones are equipped with technology for use with faster new 5G wireless networks.
Duluth
October 13, 2020
Once work begins at PolyMet mine near Hoyt Lakes, Minnesota, this tailings basin will be put back into use. Tailings, rock that does not contain ore i

State's high court to hear dispute over canceled PolyMet mine permits

The DNR is fighting a lower court's order to hold an administrative hearing over objections.
Business
October 13, 2020
Fastenal said rising sales of personal protective equipment helped the company weather a downturn in its core products for manufacturers. (Photo provi

Fastenal sales, profits rise as demand for safety gear at manufacturers remains strong

The manufacturing supplier has also seen the decline of its main industrial parts business slow down.
Business
October 13, 2020

Minnesota mergers and acquisitions

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.