May 10

U.S. drivers bemoan gas prices with no relief in sight

Drivers were paying $4.37 for a gallon of regular Tuesday, on average, according to AAA.
East Metro
May 10
This rendering shows one of the earlier plans for the former Twin Cities Army Ammunition Plant site in Arden Hills. Alatus released this rendering of

Arden Hills leaders say they've reached a deal with TCAAP developer

The $1 billion development now hinges on Ramsey County, which owns the former ammunition plant site.
Business
May 10
Flint Hills’ Pine Bend refinery in Rosemount, one of the Midwest’s largest oil refineries, is building a large solar plant to help power operation

Flint Hills moving forward with $75M solar project at its Rosemount refinery

The company is proceeding with the solar array, which will be one of the largest in Minnesota, despite the solar industry's current woes.
Agriculture
May 10
A field of sunflowers near Horishni Plavni, Ukraine, is shown in 2019. MUST CREDIT: Bloomberg photo by Evgeniy Maloletka

With sunny prices, waterlogged Minnesota farmers hopeful for sunflowers this season

Ukraine and Russia produce roughly half of the world's annual crop of sunflowers. Without their usual harvest, some sunflower farmers in the Dakotas and Minnesota see record-breaking prices.
Business
May 10

Judge orders $70.5M payout in buyout dispute around Golden Valley trucking firm

James Koch is awarded $12 million in damages and $58.5 million in buyout battle against his two brothers around the family companies Koch Cos. and Stan Koch & Sons Trucking.
Business
May 10
Officials at UnitedHealth Group, Minnesota’s largest public company, usually land high on the Star Tribune executive compensation list.

Former UnitedHealth CEO made $142.2M last year

The compensation package for David Wichmann might be the largest ever for a Minnesota-based public company.
Business
May 9
Minneapolis-based U.S. Bancorp reached an agreement with community groups on spending and investment in California after it acquires MUFG Union Bank.

U.S. Bank targets racial wealth gap with $100 billion community plan

Investment is part of an $8 billion merger with California-based MUFG Union Bank.
Local
May 9
Tears streamed down Stanley Turner’s face as he learned from court records how much of his settlement payments he has sold.

Star Tribune's 'Unsettled' series named Pulitzer finalist

Poetry collection published by Minneapolis-based Graywolf Press wins Pulitzer.
Business
May 9
Lori Syverson, president of the Edina Chamber of Commerce, was at a networking event in 2020 at Life Time Fitness. Trade and business groups like cham

Harvey Mackay: Networking continues to be critical to business success

Now that people can attend more events safely, start looking at your family, professional associations, hobby groups and more for networking opportunities.
Business
May 9
Doosan Bobcat is building a new plant in Rogers.

Bobcat plans $13M plant in Rogers, will hire more than 100 workers

The site is the second announced for the town in as many weeks.
Business
May 9
A Minnesota Commercial Railway train traversed the 6.5-mile spur rail line from White Bear Lake to a Hugo industrial park.

St. Anthony: Niche short-haul railroads say they need state money to keep tracks updated

Minnesota's small railroads and trucking firms want more state funds amid growing cargo-weight exceptions that cause disproportionate wear on county and state roads.
Business
May 9
An early version of the MyAtlas dashboard app.

New customer 'dashboard' from Edina Realty tracks the home-buying process

Backers of MyAtlas say it was designed to let buyers and sellers track the progress of a home purchase just like when you buy a pizza.
Business
May 9
An employee works at ProFab Welding & Machine in Lakeville, which Troy Heuermann purchased using retirement savings in a Rollovers for Business Startu

How to roll over retirement savings to buy a business

A ROBS rollover is a little-known mechanism for starting a business. It is complex and can be risky, but for some it's the right option.
Business
May 8

To grow, companies must better serve existing customers or find new ones

They must evaluate markets and then see if by making some changes they can get more business from legacy customers or change to meet needs of a tangential market.
Business
May 8
So much financial advice centers on saving and investing. Learning to enrich your life and others is just as important, Michelle Singletary writes.

My godmother taught me to live without financial fear

Washington Post personal finance columnist Michelle Singletary remembers the woman who gave her confidence about money.
Local
May 7
Two ATV riders drove near the Nemadji State Forest in 2021. Much larger off-road vehicles would be permitted on state trails under a proposal to raise

Minnesota lawmakers consider allowing bigger, heavier ATVs

A proposed law would allow ATVs to be as heavy as some sedans.
Business
May 7
Elizabeth Schmidt, left, and her parents, Don Anderson and Linda Anderson, opened Fat Pants Brewing in Eden Prairie in November 2019.

For many Minnesota businesses, PPP loans were saving grace

Through PPP, more than 228,000 loans were distributed to Minnesota-based companies, totaling more than $16.6 billion in financial relief.
Business
May 7

Cut the clichés in your writing

It will make your writing clearer, with more details.
Business
May 7
Kerry Hannon, author of “In Control at 50+: How to Succeed in the New World of Work”

Chris Farrell: Even in a tight job market, late-career job seekers need an extra hand

The pandemic made workers of all ages rethink their goals and priorities, author Kerry Hannon writes.
May 7
The Federal Reserve’s rate-setting committee lifted the federal funds rate a half-point last week and is expected to make more increases throughout

Why the Fed wants home buyers to face higher mortgage rates

Higher mortgage rates can slam a lid on fast-rising house prices.