Business
June 2, 2023
Intern and new hire Hans Sarkinen, a Hennepin Technical College graduate, on Friday adjusts a robot head on a machine that packages gummy bear candies

Minnesota job market remains resilient despite layoffs

Layoffs spiked in May, and hiring in the auto, tech and retail sectors was the worst since 2016.
Business
June 2, 2023
Stratasys, whose CEO Yoav Zeif is shown in the company’s mobile showroom in Eden Prairie, is a target in the consolidation within the 3-D printing i

Stratasys receives another $1B takeover bid as 3-D printer market consolidates

The company, jointly based in Eden Prairie and Israel, received an offer from 3D Systems after having already rejected multiple offers from Nano Dimension and making its own bid for another company.
Business
June 2, 2023
3M corporate headquarters in Maplewood.

3M firefighting foam lawsuit set for trial Monday as three other companies make $1.2B settlement

The case involves contamination by a class of "forever chemicals" called PFAS. 3M was the biggest maker of them.
Business
June 2, 2023
Minnesota companies' progress on environmental goals obscured by lack of reporting standards

Minnesota companies' progress on environmental goals obscured by lack of reporting standards

Most public companies report sustainability progress, but not in a uniform way.
Twins
June 2, 2023
Diamond Sports Group, the largest owner of regional sports networks, has the rights to 42 professional teams — 14 baseball, 16 NBA and 12 NHL.

Judge rules for Twins in Bally Sports TV dispute. What happens next?

Bally Sports North must pay the Twins the $54.8 million the sides agreed to a dozen years ago, a judge ruled. But whether the Twins get the money and whether the network keeps showing Twins games remains in doubt.
Business
June 2, 2023
Abby Rouster pours ice on cans of THC-infused beverages during a media preview open house Wednesday, Dec. 14, 2022 at the Trail Magic Taproom Pop-Up i

Are Minnesota's THC beverages as potent as they claim?

Consumers should check test results provided by QR codes on packaging to ensure they're getting what they paid for.
Business
June 1, 2023
An Allina Health System facility in St. Paul, Minn. on May 20, 2023. Allina, which runs more than 100 hospitals and clinics in Minnesota and Wisconsin

Allina Health System cuts off patients with medical debt

Although Allina's hospitals will treat anyone in emergency rooms, other services can be cut off for indebted patients.
Business
June 1, 2023
Xcel customers will see their bills increase, but not as much as the utility wanted.

Xcel will reassess investments in Minnesota after regulators' rate hike decision

Regulators approved a 9%, three-year rate increase, much less than Xcel had requested. The state's largest utility says it will ask for a reconsideration of the decision.
Health
June 1, 2023
Minnesota Attorney General Keith Ellison

Attorney general urges Minnesotans hurt by hospital debt collection to contact his office

Keith Ellison responded to a New York Times story regarding Allina Health and its policy of cancelling appointments for patients with significant unpaid debts.
Twins
June 1, 2023

Decision likely near on Twins, MLB lawsuit involving Bally Sports

Baseball commissioner Rob Manfred testified on behalf of the Twins and several other teams Wednesday.
Business
June 1, 2023
Jacob Meister, an installer with Electro Signs, put the Trader Joe’s sign up at the store on South Washington Avenue to prepare for the 2018 opening

Downtown Minneapolis Trader Joe's accused of violating worker rights in federal complaint

Supervisors at the grocery chain allegedly took down union literature in the employee break room.
Business
June 1, 2023
Legrand AV is closing its Shakopee facility and laying off 70 workers.

Legrand AV to close its Shakopee facility and lay off 70 workers

The French company acquired a Minnesota audio visual firm in 2017.
St. Cloud
June 1, 2023
Gregg Obbink, a former engineer who designed satellites for NASA, turned to spirits after he retired. The master distiller has developed a way to spee

St. Joseph distillery opens with its rapid-aged whiskey

Master distiller Gregg Obbink went from working on NASA spacecraft to building his own equipment for rapid-aged whiskey.
Business
June 1, 2023
Bright Health is in danger of being delisted after going public in 2021 in the biggest IPO in Minnesota at that time.

Market for Minnesota companies to go public cools off significantly

After a red-hot 2020 and 2021, only two companies went public last year.
Business
June 1, 2023
Archie Black is retiring as CEO of SPS Commerce after more than 22 years leading the company from the very earliest stages to a category-defining comp

Retiring CEO Archie Black on why he had to improve as a leader for today's SPS Commerce

Black, who announced retirement plans in March, reflects on SPS' growth and the significant changes in the retail sector.
Business
June 1, 2023
UnitedHealth wrapped up its deal to buy Change Healthcare, the largest acquisition in 2022 by a Minnesota public company.

Minnesota public companies are still making deals — with UnitedHealth making the largest

General Mills made the biggest divestiture in 2022.
Business
June 1, 2023
An illustration of an elephant shaking the leaves from a tree.

Ramstad: ESG business practices are the latest victim of hyper-politicization

A faction of Republicans pushes ESG onto the culture war frontier, putting businesses in the crosshairs and threatening worthy improvements.
Business
June 1, 2023
With $324.2 billion in revenue, UnitedHealth again tops list of Minnesota public companies

With $324.2 billion in revenue, UnitedHealth again tops list of Minnesota public companies

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
June 1, 2023
Hormel headquarters in Austin, Minn.

Hormel confronts consumer resistance to continued price increases

Shoppers and retailers are balking at ongoing hikes, resulting in declining sales, but the Minnesota food producer plans more price increases anyway.
Business
June 1, 2023
Multifamily building under construction in Hastings.

Twin Cities area homebuilding decline slows while apartment construction falls

Builders pulled enough permits to build 487 single-family homes, 13% fewer than last year.

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.