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

Yellen: Persistent economic weakness could slow rate hikes

Federal Reserve Chair Janet Yellen cautioned Wednesday that global weakness and falling financial markets could depress the U.S. economy's growth and slow the pace of Fed interest rate hikes.

Hancock Fabrics closing three Twin Cities stores

Bloomington, Woodbury and St. Paul outlets to exit in a reorganization.

For apartment rentals, lap of luxury shifts to Twin Cities suburbs

Just Listed

The record-breaking luxury apartment construction boom that has transformed downtown Minneapolis and neighboring areas now will be spreading out to the suburbs, especially to the west.

Local advertising executives review Super Bowl ads

The Mill

As part of the Minnesota chapter of the American Marketing Association's annual Super Bowl review, several marketing professionals shared their thoughts on this week's spots.

Twitter tweaks its timeline in pursuit of more users

Twitter is tweaking the way that tweets appear in its users' timelines in its latest attempt to broaden the appeal of its messaging service.

Securian reports earnings decline, revenue grows

Securian Financial Group earnings in 2015 declined slightly to $273 million on revenue that grew 9 percent to $4.2 billion. The St. Paul-based insurer said…

Backers of $15 minimum wage plan to launch Minneapolis ballot campaign

15 Now group needs about 7,000 signatures to put issue on November ballot.

Architects unveil revamped design for Nicollet Mall overhaul

The new renderings show concrete in place of thousands of brick-like pavers.

Low-cost energy storage for power grid can be found in your basement, study says

The Brattle Group study says that the nation's 50 million residential electric water heaters can address bigger challenges such as storing intermittent renewable energy from wind farms and solar arrays.

As prices continue to decline, oil companies slide into debt

Still-dropping crude prices are making it difficult for firms to stay above water.

Apple co-founder is bringing us an even nerdier 'Comic Con'

Apple co-founder Steve Wozniak had a front row seat as the personal computer began to reshape society. So it made perfect sense to him to bring a convention meshing technology with pop culture to Silicon Valley.

Business Highlights

___Yellen: Persistent economic weakness could slow rate hikesWASHINGTON (AP) — Federal Reserve Chair Janet Yellen cautioned Wednesday that global weakness and falling financial markets could…

Local company news roundup

Mergers and acquisitionsValspar Corp., Minneapolis, has acquired ISVA Vernici, a European coil coatings manufacturer headquartered in Turin, Italy. Terms of the deal were not disclosed.…

Hong Kong, Seoul stocks sharply lower after holidays

Asian stocks shuddered again Thursday, led by sharp drops in Hong Kong and South Korea, which were catching up to global market turmoil after being shut for Lunar New Year holidays.

ACLU issues critical report on Washington town's police

The American Civil Liberties Union of Washington on Wednesday issued a critical report on the Pasco Police Department, contending officers lack critical training, services for Spanish speakers are inadequate and the community doesn't have any meaningful input into police practices.

Army pays woman $820,000 to settle sexual harassment case

The Army has paid $820,000 to settle a lawsuit by a former military police trainee who says she was fired after she filed a sexual harassment complaint against a supervisor, defense lawyers said Wednesday.

Tesla's 4Q net loss doubles but shares up on outlook

Tesla Motors posted its 11th straight quarterly loss Wednesday, and its results badly missed Wall Street's forecasts. But the electric car maker's shares soared anyway on news that its lower-priced Model 3 sedan is on schedule to be released next year.

Critics decry radioactive leak at New York nuclear plant

A leak of radioactive material into the groundwater below a nuclear power station in New York City's suburbs highlights a chronic problem with the nation's atomic plants, some watchdogs said.

Jack Daniel's Distillery announces $140 million expansion

The historic Jack Daniel's Distillery is planning a $140 million expansion project to help meet global demand for prized Tennessee Whiskey.