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

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.

Deadline to leave pipeline protest camp won't be extended

The Army Corps of Engineers said it won't extend a Wednesday deadline for Dakota Access oil pipeline opponents to vacate their encampment on federal land in North Dakota.

Rates mixed at weekly US Treasury bill auction

Interest rates on short-term Treasury bills were mixed in Tuesday's auction, with rates on three-month bills declining, while rates on six-month bills rose to their highest level in more than eight years.

AP FACT CHECK: Were hands of Obama-era border agents tied?

Assertions from the White House that immigration-enforcement agents had their hands tied in the last administration are difficult to square with the massive deportations of Barack Obama's presidency.


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.


Kashkari, citing jobs, signals some dovishness on interest rates

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


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