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

Allina-Aetna targeting large employer market in Minnesota

Aetna is joining with local health care provider Allina to offer coverage to large employers in Minnesota.

The joint venture now has an insurance license and plans to start providing coverage in April.

Judge dismisses lawsuit by potential buyer of downtown Minneapolis Macy's complex

The Macy's building in downtown Minneapolis.

City Center Realty Partners, which brought the suit, had a letter of intent with Macy's but didn't reach a deal.

US stock indexes mixed ahead of Fed announcement; oil rises

3 things to watch for from the Federal Reserve on Wednesday

It will come as no surprise if the Federal Reserve has an announcement to make when its latest policy meeting ends Wednesday: That it's ready to begin paring its enormous $4.5 trillion portfolio containing Treasurys and mortgage bonds.

US home sales off 1.7 pct., hurt by Harvey and low supply

U.S. home sales fell 1.7 percent in August, pulled down by the effects of Hurricane Harvey and a worsening shortage of available properties.

Equifax may pay just $1 per person compromised in massive security breach

Edmunds: 8 new cars, SUVs coming to the US in 2018


Pine River Capital Management is shrinking
Inside Track

Pine River Capital, a darling of the hedge fund industry a few years ago, has fallen on leaner times.

A Belgian-style brewery started by musicians makes beer and art in north Mpls.
Neal St. Anthony

On Boom Island, it was founded by two now-married former professional musicians who met in China in 2000 at a French horn symposium. Say what?


Bloomington buying farm near MOA for $32M for World's Fair site

The 59-acre property, the last farm in the suburb, has been owned by the same family since 1932. Bloomington hopes it will become the site for the 2023 World's Fair.


Dayton: 'Nightmarish' fed insurance process could cost state millions

The millions of dollars that Minnesota wants to spend to limit rate hikes in the individual health insurance market could cost the state millions more in federal funding for low-income health care.


How Crocs made a mighty comeback to be cool again

Crocs, perhaps the most polarizing shoe of our time, is making a comeback. And the turnaround is no accident, analysts say.


Angry renters demonstrate outside landlord Stephen Frenz's home

Renters demonstrate in Minneapolis and St. Paul over issues of gentrification and housing deterioration this week.


'Bad press,' politics blamed for failure of $24M Shakopee project

CPM Cos. had planned to buy and demolish the old City Hall and replace it with a 70-unit, market rate apartment complex geared toward young professionals. as well as a 100-room boutique hotel nearby.


Ex-CEO of Microsoft, L.A. Clippers owner donates $20 million to St. Paul nonprofit College Possible

Gift from Steve Ballmer, which is unrestricted, will be dispensed to the St. Paul-based nonprofit over a 10-year period.


Lawsuit seeks damages for faulty batteries in St. Jude defibrillators

The federal lawsuit alleges that St. Jude knew more than 250,000 defibrillators it sold in the United States between 2011 and October 2016 contained batteries that could abruptly short out.


Equifax suffered breach in March, raising questions about timeline of hacking

It raises questions about the timeline it has given.


Share of small companies offering health insurance continues to decline

A Kaiser survey found that despite relatively modest premium growth, smaller companies continue to find costs are too high.


Best Buy sees solid growth ahead in 2021 thanks to turnaround

With turnaround complete, retailer aiming for steady gains in sales and profits in coming years.