Business news on Minneapolis, St. Paul, the Twin Cities metro area and Minnesota | StarTribune.com

Kraft Heinz withdraws $143B bid to buy Unilever

FILE - At left, in a March 25, 2015, file photo, a Heinz ketchup sign is shown on the side of the Senator John Heinz History Center in Pittsburgh. At right, also in a March 25, 2015, file photo, the Kraft logo appears outside of their headquarters in Northfield, Ill. U.S. food giant Kraft Heinz Co. is confirming that it's made an offer to buy Europe's Unilever and been rejected. The company said Friday, Feb. 17, 2017, that talks are ongoing with the Dutch company, but that no deal can be assured. (AP Photo/File)

Ketchup maker and packaged food giant Kraft Heinz has withdrawn a $143 billion offer to buy Unilever, backing away after the mayonnaise, tea and seasonings maker rejected the bid as too low.

Mpls. cafe owners charge ahead with pay changes

Owner Dan Swenson-Klatt, left, talked with a customer during the lunch rush in January at Butter Bakery Cafe in Minneapolis.

Two owners have decided to move ahead with front-to-back-of-the-house wage increases to at least $12.40 per hour by raising prices and discouraging tipping. And a third plans to take up the matter soon with staff.

As U.K. overhauls rules for investing, Vanguard wants 'health warning' on fees

The U.K. is considering major changes in how investment firms let investors know about the risks and fees they face. Vanguard said investors should get a "health warning" type of alert on fees.

Unilever shares slide after Kraft Heinz withdraws $143B bid

Shares in Unilever, the owner of brands like Hellman's, Lipton, and Knorr, are down sharply after rival Kraft Heinz withdrew a $143 billion takeover offer.

Flying coach: Many universities are using private planes

Once seen as a luxury of the corporate world, private planes are becoming increasingly common at U.S. colleges and universities as schools try to attract athletes, raise money and reward coaches with jet-set vacations.

Big hit for Bulls, 'Benny's Day Off' connects online

Dancing on the roof, microphone in hand as he lip-synched to "Twist and Shout," Benny the Bull was putting on quite a performance as his tricked-out black van rolled through downtown Chicago.

WhatsApp adds 'status' feature in not do past and future

In a nod to its past as well as its future, WhatsApp is adding a "status" feature that lets users tell their contacts what they are up to.


Mpls. cafe owners charge ahead with pay changes
Neal St. Anthony

Two owners have decided to move ahead with front-to-back-of-the-house wage increases to at least $12.40 per hour by raising prices and discouraging tipping. And a third plans to take up the matter soon with staff.

Manufacturing job losses, yes, but gains for trained Minnesota workers
Lee Schafer

Here's one of the ironies in looking ahead at how the nature of work is going to change — manufacturing may actually be a bright spot.


No time to run? Tsunami pod aims to save lives — for a price

The neon-orange sphere is meant to protect its occupants from drowning or being crushed by debris as towering surges batter the coast. It's made of aircraft-grade aluminum, with a watertight marine door. Tiny porthole windows are equipped with bulletproof glass. There's a ceramic thermal lining, a GPS beacon and air canisters.


Warm weather is melting winter economy in Minn., Wis. towns

Small-town festivals and ski races across the region are in danger of being curtailed or canceled, jeopardizing needed tourism dollars.


Recent bankruptcy filings in Minneapolis and St. Paul

A look at recent bankruptcy filings in the Twin Cities.


Mergers and acquisitions involving Minnesota companies

A review of mergers and acquisitions involving Minnesota companies.


Business calendar

Business events this week in the Twin Cities.


Jobs calendar

A look at job-search related events in the Twin Cities this week.


Listening is the critical first step in bringing work groups together

I am working to help unify a number of different work groups around some consistent processes. They all have different workplace cultures and have developed their own unique ways to get their work done. How do I help bring them together without forcing the change down their throats?


Business people

A look at job changes for members of the Twin Cities business community.


Documentary maker wants to build audience in a new market

I'm the filmmaker of an award-winning documentary, "Church of Felons," which exposes the severe drug and alcohol addiction epidemic of Polk County, Wis. How could we better reach over the border into Minnesota to gain support, book screening events and direct attention of influencers toward our project?


Small business calendar

Small business-related events in the Twin Cities this week.