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

Target CFO gives Best Buy props on a good quarter

In a presentation at a local conference, Cathy Smith discussed the recent disparity in electronics sales trends between Target and Best Buy.

Apple receives designation to become wholesale seller of electricity

Apple recently received a federal designation for its energy subsidiary that will allow the company to become a wholesale seller of electricity. It will use electricity, like from First Solar’s solar farm, above, to power stores in California — with goals to keep growing.

It joins other business giants as a wholesale seller of electricity.

Schafer: Two years in, Target CEO's job isn't getting easier

Target CEO Brian Cornell, shown in 2015 in Boston, has been working to make the company more efficient as well as focus it on the merchandise categories that best set Target apart from competitors.

There's plenty of evidence to support the idea that it's not a great time to be a retailer, but that hasn't stopped Wal-Mart.

Colle+McVoy launches new Minneapolis design firm

Minneapolis advertising agency Colle+McVoy has spun out a new stand-alone design firm called 10 Thousand Design. Ed Bennett, founder and executive design director of 10 Thousand Design, said it wants to pursue national clients and work on larger-scale assignments that had been difficult to attract as part of an ad agency.

InvestMNt conference draws pitches, cautionary tales

At Minnesota's biggest investment conference, analysts sort out the good, bad and the foolish.

Soldier who killed 5 Dallas officers showed PTSD symptoms

19-year-old from southeastern Minnesota named Princess Kay

A 19-year-old college student from southeastern Minnesota has been crowned the 63rd Princess Kay of the Milky Way.


Target CFO gives Best Buy props on a good quarter
Point of Sale

In a presentation at a local conference, Cathy Smith discussed the recent disparity in electronics sales trends between Target and Best Buy.

Schafer: Two years in, Target CEO's job isn't getting easier
Lee Schafer

There's plenty of evidence to support the idea that it's not a great time to be a retailer, but that hasn't stopped Wal-Mart.


J.C. Penney adds major appliance showrooms in Minnesota

Six showrooms will open Friday, with more to open in early fall.


Talks between Allina Health, nurses union go nowhere

Each side blames the other as talks break off late Tuesday with no agreement.


Klobuchar, others call for FTC to investigate increases in EpiPen prices

Amy Klobuchar is among several senators criticizing sharp price rise for product she calls a 'life preserver' for millions.


Best Buy shares boast biggest one-day jump in a decade

Stock sees best one-day gain in decade after sales increase surprises analysts.


Mpls. $15 minimum wage supporters kick off campaign

The city on Tuesday appealed a judge's decision to let voters decide.


Analyst: Texas investor might be suitor for Northern Oil and Gas

TRT and related companies own almost 20 percent of Northern's stock.


Minnesota attorney general sues Jamaican company for 'phantom' debt calls

Company made up debts and then bullied people with phone calls, state says.


US new-home sales climb to best level since late 2007

Americans stepped up their purchases of new homes in July to the fastest pace in nearly nine years, the latest sign that low mortgage rates and a solid job market are helping support the residential real estate market.


Space junk is a big problem, but no one wants to pay to fix it

The problem is growing as more countries and private companies enter into the launch business.


Bar soap is on a slippery slope with consumers

Lack of convenience sends shoppers to liquid options.