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

Jeff Bezos becomes world's richest person, surpassing Bill Gates

FILE - In this May 5, 2016 file photo, Jeff Bezos, the founder and CEO of, speaks in the State Dining Room of the White House.

Forbes now estimates the wealth of Bezos, Amazon's chief executive, at $90.6 billion, compared with $90 billion for Gates.

Turning a page: Leadpages co-founder Collins taps his own CEO successor

Clay Collins, co-founder of Leadpages, is handing over his CEO responsibilities to the company's chief operating officer, John Tedesco.

US stocks dip; drops for tech stocks offset telecom gains

U.S. stock indexes pulled back from their record highs Thursday after drops for technology, health care and industrial stocks offset another big gain for telecoms.

Boston Scientific beats earnings estimates, CEO likes CRM growth

Medical surgical supply sales offset slower growth in implantable devices, the company reported.

Xcel Energy profit easily tops estimates as rate hikes help margins

The utility benefited from rate increases that took hold in Minnesota, Wisconsin, Texas and New Mexico.

Troubled trucking firm faces scrutiny after Texas deaths

A trucking company linked to a recent deadly human smuggling case in Texas had long promoted itself as a family firm whose hard-working drivers helped keep the U.S. economy running.

GOP's repeal of insurance mandate could backfire

Getting rid of the Affordable Care Act's highly unpopular penalty for not having health insurance could backfire on Republicans, prompting significant premium increases if it were actually to pass.

Wallin Education Partners has helped close opportunity gap for 4,400 college kids
Inside Track

The late Win Wallin's nonprofit has invested more than $50 million in Twin Cities high school grads, disproportionately minority kids of color, who graduate college at a 93 percent rate.

Brilliant Reflective promotes reflective strips for safety
Inside Track

The Oakdale company is donating 250,000 packs of reflective strips to schools, teams and event organizers.

Mairs & Power CEO Jon Theobald is retiring

Mark Henneman, currently chief investment officer, will be Theobald's successor.

Reopened Iron Range sites helps Cliffs Natural Resources boost quarterly results

The United Taconite site reopening, plus the addition of a new processing facility, helped double profits for the quarter.

Do you know what's hiding in your ETF?

Smaller niche ETFs don't always deliver strictly what their names promise.

Well-known Mpls. restaurants add health care surcharge

Owner of Barbette, Bryant Lake Bowl and other locales said she opted for surcharge, rather than "raising prices here and there" on menu items.

5 times your credit card issuer can raise your interest rate

The Credit Card Act of 2009 made great strides in protecting credit card users from some unfair practices that used to be common. But…

$100M plan calls for towers, bike bridge over France Av. in Edina

The bridge is part of a plan to remake a busy Edina intersection and provide a missing link of the Nine Mile Creek Regional Trail.

Buffalo Wild Wings to end Tuesday wings specials

Slipping profits and high wing costs mean an end in the next few weeks for the discounts, in place for 30 years.

Best Buy adds Dyson in-store shops to demo vacuums, hair dryers

Customers will be able to try out products such as vacuums, $400 hair dryer.

Columbus City Council delays vote on proposed asphalt plant

Bituminous Roadways wants to build the plant near where Interstates 35W and 35E converge. But opponents, including Running Aces Casino and Horsetrack, aren't happy.

White House considering short-term tax cut if overhaul falters

The plan is for a more narrow tax cut, which officials could begin pursuing as soon as September.