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

Minn. kids who add health coverage outpace U.S. gains

The number of Minnesota children lacking coverage fell from about 86,000 in 2013 to fewer than 48,000 in 2014, according to the report being released Thursday from researchers at the University of Minnesota.

Target to team with Gwen Stefani for live music video commercial during Grammys

The retailer puts its focus on one commercial that will double as Gwen Stefani's music video.

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.

Hancock Fabrics closing three Twin Cities stores

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


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.


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.


Uber, Norfolk International Airport ink transportation deal

Ride-hailing company Uber has inked a deal with the Norfolk International Airport to allow Uber drivers to transport people to and from the airport.


Authorities reach $3.2B settlement with Morgan Stanley

Federal and state authorities on Thursday announced a $3.2 billion settlement with Morgan Stanley over bank practices that contributed to the 2008 financial crisis, including misrepresentations about the value of mortgage-backed securities.


Ex-executive due for sentencing in West Virginia spill

A former Freedom Industries executive is due in federal court for sentencing on a pollution charge in a chemical spill that fouled the drinking water supply of 300,000 West Virginians.


Questions grow over banks as profit warnings pile up

Questions are growing over the financial health of banks, particularly in Europe, as they face a toxic mix of low economic growth, bad loans and squeezed earnings.


Applications for US jobless aid fell sharply last week

Fewer Americans applied for unemployment benefits last week in a sign of a stable job market despite the slowing global economy hitting stocks and commodities.


Reynolds American 4Q profit jumps, but misses forecasts

Cigarette maker Reynolds American's fourth-quarter profit shot up 89 percent compared to the final quarter of 2014, when earnings fell due to some one-time costs.


PepsiCo's revenue in North America climbs, helped by pricing

PepsiCo said revenue for its North American snacks and drinks units rose in the fourth quarter, boosted by pricing.


Key developments since North Korea's rocket launch

Tensions with North Korea have escalated sharply since the country launched a long-range rocket to put a satellite into orbit on Sunday. A look at…


Powerful California coastal panel ousts top executive

The powerful agency that manages development on California's coastline fired its executive after a lengthy and, at times, emotionally charged meeting that veered from accusations about the influence of developers and lobbyists to discussions on the mundane inner workings of government.


Societe Generale shares slump on profit warning

Shares in Societe Generale slumped Thursday after the French bank warned it would not achieve a targeted increase in profitability this year.


Congress likely to give final OK to local Internet tax ban

State and local governments would be permanently barred from taxing access to the Internet under a bipartisan compromise that Congress is a step away from sending to President Barack Obama.


Nokia says quarterly profit rose but cautions on outlook

Nokia saw fourth quarter profit grow more than 50 percent to 498 million euros ($560 million) on a slight increase in sales, but the telecom networks company cautioned it would face some "market headwinds," especially in China.