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

Asian shares slide as Wall Street fall, Spain attack weigh

Trader Fred DeMarco works on the floor of the New York Stock Exchange this week. Stock prices fell on Thursday at their sharpest rate in three months.

Asian stocks sank Friday as global investor sentiment was battered by big losses on Wall Street amid U.S. political turmoil and a deadly van attack in Spain.

Hormel buys Fontanini, Chicago-based maker of Italian meats, for $425 million

Hormel is spending $425 million to purchase Fontanini, a Chicago-based maker of Italian meats for restaurants.

Fontanini grew from a single store into national pizza restaurant supplier.

Walmart is now a go-to for food online

Walmart’s program to put more local options in stores also seeks to improve the efficiency of the food chain. Here, locally grown corn was offered in Decatur, Ga.

It's expanding its grocery business, testing delivery.

Minnesota's employment scene accelerates with 7,700 jobs added in July

Medica buying Mayo Clinic division

Deal creates flexibility for both companies.

Voyager 1 leads pack of world's most distant spacecraft

NASA's Voyager 1 has traveled farther from Earth than any other spacecraft. It's a mind-boggling 12.9 billion miles away, 40 years after its launch.

NASA, PBS marking 40 years since Voyager spacecraft launches

Forty years after blasting off, Earth's most distant ambassadors — the twin Voyager spacecraft — are carrying sounds and music of our planet ever deeper into the cosmos.


Executive compensation at UnitedHealth Group changes to reflect new roles.
Inside Track

David Wichmann will get a bump in his base salary to reflect his new role as CEO of UnitedHealth Group, but biggest contribution of his past compensation has been equity awards.

Schafer: For Red Wing entrepreneur, 'make the world a better place' isn't an empty phrase
Lee Schafer

Susan Langer's start-up is called Live. Give. Save., but this is business, not philanthropy.


Chanhassen-based AmericInn sold for $170M to Wyndham

The deal puts a well-regarded chain of Midwest hotels in the hands of one of the industry's giants.


On hard-to-use brownfields, property owners see a new option shining down on them

Solar arrays can make productive use of land where buildings aren't allowed.


Hot Property: The Glen at Valley Creek in Woodbury

Address: 7987 Afton Road, WoodburyType: Senior housingUnits: 42Cost: $12.5 millionDeveloper: Washington County Community Development AgencyArchitect: Cermak Rhoades ArchitectsDetails: Washington County has gained city approvals for…


Walmart's online sales soar as it seeks to catch Amazon

Walmart's recent spending spree to try to catch up to Amazon seems to be paying off.


EpiPen maker finalizes settlement for government overcharges

EpiPen maker Mylan has finalized a $465 million government agreement settling allegations it overbilled Medicaid for its emergency allergy injectors for a decade — charges brought after rival Sanofi filed a whistleblower lawsuit and tipped off the government.


3M CEO quits advisory panel; Trump disbands 2 councils

The 3M CEO cited values of "diverity and inclusion" and said the council is "no longer an effective vehicle for 3M." With defections mounting, Trump has now disbanded the group and another advisory panel.


Executive compensation at UnitedHealth Group changes to reflect new roles.

David Wichmann will get a bump in his base salary to reflect his new role as CEO of UnitedHealth Group, but biggest contribution of his past compensation has been equity awards.


Apple CEO Tim Cook blasts Trump, donates $2 million to anti-hate groups

In an e-mail to Apple employees late Wednesday, CEO Tim Cook denounced the deadly violence in Charlottesville last weekend, criticized President Trump’s response and pledged…


Minnesota attorney general sues companies over loans to vets, seniors

The lawsuit alleges that the companies violated state lending laws by issuing loans without a license and often charging annual percentage rates of 200 percent.


Uptown Diner fires 2 workers shown wearing Nazi uniforms

A Minneapolis restaurant has fired two employees who appeared in photos wearing Nazi apparel, an announcement on the restaurant's Facebook page said.