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 as sales drop as well

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 lower sales, store closures and other costs.

Ecolab misses 4Q expectations but posts strong 2017 forecast

Ecolab's fourth-quarter profit rose but not as much as analysts expected. (Kris Tripplaar/Sipa USA)

Oil sector is improving while institutional business strong

Securian Financial saw earnings dip in 2016

The St. Paul-based financial firm said life insurance payouts affected its bottom line.

Kashkari, citing jobs, signals some dovishness on interest rates

Minneapolis Fed chief says rising workforce a 'big surprise' over the past year.

Police responding to reports of gunfire at Houston hospital

Police in Houston are responding to reports of shots fired inside a hospital at Houston's Texas Medical Center.

Grain mostly lower, livestock higher

Grain futures were mostly lower Tuesday on the Chicago Board of Trade.


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.


How these billionaires got their money – and what they do with it

Being part of the global billionaire class is beyond the imagination of most people. At the threshold of $1 billion, a 5 percent return would…


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.


Blue Cross and Blue Shield of Minnesota cutting 50 jobs

About half the layoffs stem from outsourcing behavioral health services.


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.