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

In China, Wal-Mart meets its match: Sun Art Retail Group

Shoppers leave an RT-Mart, a Wal-Mart rival, in Shanghai. Wal-Mart ranks No. 3 in market share in China's big store sector and faces stiff competition from local and regional players like No. 2 Sun Art Retail Group, RT-Mart's parent.

RT-Mart has pushed past Wal-Mart in China as consumers gradually gain power in the world's most populous country.

Tokyo museum exhibits Issey Miyake's constant innovations

Pieces of designer Issey Miyake's collection are displayed at the National Art Center in Tokyo on Tuesday. Although he's behind one of the biggest fashion brands to come out of Japan, Issey Miyake detests being called a fashion designer. Maybe a designer, even a sculptor, but not of that frivolous, trend-watching, conspicuous consumption known as fashion.

Although he's behind one of the biggest fashion brands to come out of Japan, Issey Miyake detests being called a fashion designer. Maybe a designer, even a sculptor, but not that frivolous, trend-watching, conspicuous consumption known as fashion.

Creation agency hires its first global executive creative director

Inside Track

Brad Cohn is moving from Florida to Minneapolis to get the creative juices going at Creation.

Minnesota premiums still below average

Inside Track

Despite big jumps, premiums on the MNsure exchange for 2016 were lower than averages for the region and nation, according to a new report.

Case-Shiller: Twin Cities house prices up 3.9%

The price gain in the Twin Cities was below the 5.2 percent national average.


US stock indexes slip as consumer goods makers fall

U.S. stock indexes are mostly lower Tuesday morning. Consumer goods companies are falling despite a report that showed spending by consumers jumped last month by the largest amount in six years. Major U.S. indexes are wrapping up a strong month that has brought them near their highest levels of 2016.


US home prices rise in March as spring buying season begins

U.S. home prices kept climbing in March as the spring home buying season began, but so far the higher costs haven't thwarted sales.


Great Plains Energy to buy Westar for about $8.6 billion

Great Plains Energy is buying rival Westar for about $8.6 billion, creating one large power provider in Kansas and Missouri with more than 1.5 million customers in.


US consumer spending scores biggest jump in 6 years

Consumer spending surged in April by the largest amount in more than six years, led by a big jump in purchases of autos and other durable goods.


Summer reads include local favorites and national hits

When customers at Indigo Books in Johns Island, South Carolina, ask for a good beach read, Mary Alice Monroe's "A Lowcountry Wedding" is an obvious choice. Not only does Monroe live nearby, her book is set along the South Carolina coast.


Justice Dept. pushes back against Texas judge's sanctions

The Justice Department is pushing back against a Texas judge's demand that its lawyers attend an ethics course, saying the sanction is inappropriate.


Victim of shark attack expected to survive, hospital says

A hospital official has confirmed that a shark attacked a woman who received large bite marks while swimming in Southern California.


Grain lower, livestock higher

Grain futures were lower Tuesday in early trading on the Chicago Board of Trade.


Dying Vietnam War veteran donates his house to Habitat for worthy buyer, also a veteran

Bob Karlstrand, a Vietnam-era veteran with a heart as big as his house, lived long enough to meet the beneficiaries of a magnificent act of charity.


Justices reject union appeal over Trump Taj Mahal bankruptcy

The U.S. Supreme Court rejected a union challenge seeking to restore health and pension benefits for more than 1,000 workers at the Trump Taj Mahal casino in Atlantic City.


Sale of Depression-era painting draws a federal lawsuit

A New Jersey art dealer trying to sell a Depression-era painting online has gotten an offer — a lawsuit from the federal government.


US consumer confidence slips in May

U.S. consumer confidence in May fell for a second month to the lowest level since November.


High court sides with property owners in wetlands case

The Supreme Court is making it easier for landowners to bring a court challenge when federal regulators try to restrict property development due to concerns about water pollution.


Synthetic diamonds gaining acceptance, but industry wary

Techniques have closed the gap between natural and lab-grown gems.