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

New Hy-Vee in Savage adds more grab-and-go options, beauty dept.

Nine more Twin Cities locations are in the pipeline — and it is looking at both downtowns.

Macy's profit falls nearly 13 percent

Macy's reported a nearly 13 percent profit decline during the busy holiday season.

Macy's, the nation's largest department store chain, says its earnings for the quarter that includes the holiday period dropped nearly 13 percent as results were dragged down by store closures and other costs.

US stocks start week at new highs on deals and earnings

Stocks are breaking records again Tuesday. Energy companies are rising more than the rest of the market. Consumer goods giant Kraft Heinz is falling after it withdrew a $143 billion offer for competition Unilever, but several other food and household goods makers are rising as investors bet Kraft will make an offer for one of those companies instead.

Blue Cross and Blue Shield of Minnesota cutting 50 jobs

About half the layoffs stem from outsourcing behavioral health services.

Wal-Mart earnings fall, but online sales surge

Wal-Mart drew more shoppers to its namesake stores in the United States and its e-commerce sales soared, signs that its efforts to lower prices and improve web services are helping it compete better against online leader Amazon.

The Latest: Crash victim a prominent US bankruptcy attorney

The Latest on a plane crash in Australia that killed the Australian pilot and four American tourists (all times local):

Testosterone gel shows no benefit for older men's memories

Testosterone treatment did not improve older men's memory or mental function in the latest results from landmark government research that challenges the anti-aging claims of popular supplements.


Impact Hub MSP plans social-entrepreneur expo for March 9
Inside Track

Thirty nonprofits driven in part by innovation and earned revenue will demonstrate their prowess

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.


Home Depot sees 4Q profit growth on strong housing market

The Home Depot Inc. on Tuesday reported a boost in sales and profit during the fourth quarter, as rising home prices and low mortgage rates continued lifting a healthy housing market. The home improvement retailer also announced that it was raising its dividend.


Impact Hub MSP plans social-entrepreneur expo for March 9

Thirty nonprofits driven in part by innovation and earned revenue will demonstrate their prowess


In drive to reduce food waste, 'use by' labels to be simplified

Trade groups join USDA in reducing phrases, making them more uniform.


Tria will sponsor Wild practice rink in downtown St. Paul

Orthopedic group will open clinic in old Macy's building in St. Paul.


Johnson & Johnson subsidiary buys Torax Medical

The acquisition follows last year's $25 million financing round.


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.


Outside Consultant


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.


Jack Link's looks to broaden appeal of jerky with new products, marketing, space

To broaden its image and attract new customers, Jack Link's has begun to expand product lines, shift marketing and open a new showroom and office in downtown Minneapolis near Target Center.


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.