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

Shuttered MOA movie theaters will reopen in fall with upgrades

The First CMX Midwest location will feature 14 screens and gourmet dining.

The 64,000-foot theater area will include oversized reclining chairs, gourmet food options and an assortment of wines and handcrafted cocktails.

Xcel's pitch for new Becker power plants gets OK from House committee

Xcel Energy's Sherco power plant in Becker, Minn. The utility is asking legislators to approve a proposed natural gas-fired plant to replace two coal-fired generators.

Lawmaker says utility needs certainty after its proposed Sherco replacement was put on hold by the Public Utilities Commission.

Target shares drop 6 percent after it reveals the holiday season was rough

Target joined other major retailers in warning investors that holiday results missed forecasts.

The Minneapolis-based retailer lowered its sales and profit guidance for the fourth quarter.

Meda expanding loan portfolio for minority entrepreneurs

The business-backed nonprofit financier and business consultant is building a $20 million loan portfolio

Founder of Eagan-based CaringBridge to retire

Mehring wants to spend time encouraging positive uses of technology.

Allina Health and Aetna to launch insurance company in Minnesota

The joint venture has a goal of starting to sell commercial coverage in early 2018.

Fastenal shares jump 5 percent as sales, profit gains resume

Sales growth slowed for Winona-based Fastenal but it beat profit expectations.

Meda expanding loan portfolio for minority entrepreneurs
Inside Track

The business-backed nonprofit financier and business consultant is building a $20 million loan portfolio

Two Twin Cities wine stores to close in Total Wine's backyard
Point of Sale

Two Twin Cities wine stores to close in Total Wine's backyard

Federal Reserve sees growth pickup at end of last year

The U.S. economy grew a bit faster at the end of last year, spurred by healthier sales for manufacturers and steady hiring that is slowly pushing up wages.

U.S. Bancorp's record year ends on a slower note

Executives expect higher interest rates will help in 2017.

American Airlines' ailing flight attendants are a mystery

The attendants say it's their new work uniforms, but tests haven't identified a problem.

Dayton signs $500 million deal to protect rural waters

The highly anticipated state-federal deal will provide $350 million from the U.S. Department of Agriculture and $150 million in state funds.

Health insurance customers hope for quick premium relief from Legislature

Minnesotans grappling with higher health premium costs seek prompt legislative relief.

General Mills again invests in kale chip firm

$6 million investment comes from venture-capital arm 301 Inc.

Thor Construction headquarters project gets Target backing

The $36 million project will include offices and retail on the north side of Minneapolis.

U.S. Bancorp CEO Davis to step down in April; Cecere to step in

Richard Davis, who led U.S. Bancorp through the economic downturn and shaped it into the nation's best-performing large bank by financial measures, will step down as chief executive in April, the company said today.

UnitedHealth sees potential in 'next phase' of health reform

CEO Hemsley says insurer has "no better sense than anyone else" about what is coming.

Medica eliminates 100 jobs linked to dropped state contract

The move comes about six weeks after Medica decided to not renew a large HMO contract in public insurance programs.