Bartender Patrick Tierney, pouring a glass of wine at Manny’s Steakhouse in Minneapolis, said he went into the restaurant business to win over custo

Minnesota restaurant pros offer tips for navigating the new world of tipping

Plus, more establishments are adopting service and other charges, so we asked insiders for advice.

Minnesota's 50 highest-paid CEOs, with No. 1 earning $120M

July 23
Minnesota's 50 highest-paid CEOs, with No. 1 earning $120M
As a whole, the CEOs on this list realized a collective $650.1 million last year. Median pay rose 31% to $6 million, and unlike prior years, all 50 made more than $1 million.

A four-day workweek sounds good in theory, but would be tough shift for Americans to make

July 24
One alternative to a four-day workweek is to mandate time away from electronic devices.
Here are the points for employers and workers to discuss before a workplace can change.
Business
July 24
Former NASCAR driver Richard Petty was pleased when he finished second in his first race, but his mother chided that he didn’t have to come in secon

Mackay: Healthy competition fuels improvement in all of us

Like Richard Petty, you should strive to win.
Local
July 23
Yolanda Ramirez, left, and her sister Juliana Ramirez, received fresh vegetables from Neighborhood House at John A. Johnson Elementary in St. Paul on

Inflation spurs rising demand at Minnesota food shelves

Many food shelves are serving more people this summer than in summer 2020 and 2021, which were record years for food assistance due to the COVID-19 pandemic.
Business
July 23
Pam Hoppe chatted with Thomas Sullivan while he bought a new baseball cap at the Minnesota Twins team store earlier this month at Target Field. Hoppe

Retirees cutting back, taking part-time jobs to beat inflation

With the volatile stock market, financial planners are dealing with nervous clients — some who are delaying retirement because of current conditions.
Business
July 23
Financial planners recommend a review of several items before you retire.

Thinking of retiring? Here's a checklist to see if you're ready

Ameriprise financial planner Lisa Tuttle advises checklist tips to weather inflation and a market downturn.
Local
July 23
A drought-damaged field near Cannon Falls, Minn., in summer 2021.

Parts of Minnesota slip back into severe drought

Minneapolis and St. Paul had one of their driest Junes on record.
Is your company on the list of Minnesota's 2022 Top Workplaces?
Business
Is your company on the list of Minnesota's 2022 Top Workplaces?
updated 18 hours 52 mins. ago
Worker expectations change at Minnesota firms as pandemic retreats.
Business
July 23
Public company executives cashed in equity awards in rebounding 2021 stock market

Public company executives cashed in equity awards in rebounding 2021 stock market

Stock market gains increased the value of long-term equity awards, and the CEO-worker pay gap widened.
Business
July 23
David Lesar, CEO of CenterPoint Energy

CenterPoint's CEO rings up big payday; shareholders, Minnesota customers have reservations

Shareholders torpedoed the energy company's executive pay practices, while its customers are stinging from huge gas cost run-up.
Business
July 23
The market has since recovered slightly, but for investors, there’s been no shortage of things to worry about. Here traders work on the floor at the

The S&P 500 is in a bear market: How much lower could it go?

In 2022, stock investors suffered their worst start to a year since 1970, with the S&P 500 falling 21% during the first half of 2022.…
Business
July 23
Cryptocurrencies are the most recent speculative frenzy to go spectacularly bust, with Crypto Winter joining a legendary history that includes the dot

Farrell: Crypto offers broader lesson to weigh investments that seem 'too good to be true'

Market bubbles are fascinating stories. Cryptocurrencies are the most recent speculative frenzy to go spectacularly bust, with Crypto Winter joining a legendary history that includes…
Business
July 23
Diversity, equity and inclusion goals are being used in executive compensation formulas more and more.

More companies adding diversity measures to executive compensation formulas

Adding DEI initiatives to executive pay plans is a growing trend, but it is sometimes hard to figure out exactly how they are measured.
Business
July 22
Brian Sullivan, CEO of Celcuity.

Celcuity secures FDA 'breakthrough therapy designation' for breast cancer drug

The designation gives the Plymouth-based company better access to federal regulators. Celcuity plans to begin a global clinical trial on the drug soon.
These are the top 50 public companies in Minnesota ranked by revenue
Business
These are the top 50 public companies in Minnesota ranked by revenue
updated 22 hours 7 mins. ago
The top five companies on the Star Tribune 50 each had double-digit revenue gains in 2021. The group as a whole has grown as well. The addition of new companies over the past few years have helped raised the floor from $88.3 million in 2018 to $233.4 million this year.
Business
July 22
Northshore taconite processing and shipping facility in Silver Bay and the Babbitt mine will idle at least until next spring.

Northshore Mining will be closed until at least next spring

Cleveland-Cliffs CEO Lourenco Goncalves said Friday the company has enough scrap steel to last until next spring and won't need the Iron Range pellets until then.
Agriculture
July 22
A report funded by the University of Minnesota, Minnesota Farmers Union and the Minnesota Department of Agriculture proposes one-year paid apprentices

Minnesota's meat lockers need apprentices to solve bottlenecks, report says

Some shoppers turned to local farmers and butcher shops during the pandemic, but smaller producers are stretched thin.
Business
July 22
MGA Entertainment said its retail customers have reduced the shipments they ship from China. That and other moves have increased the cost of producing

Target puts the squeeze on suppliers after inventories pile up

Minneapolis-based retailer pushing logistics costs onto the suppliers, eating their profit margins, the suppliers say.
Agriculture
July 22
Farmer Frank Matejcek of Grand Forks, N.D., worries that the city has not been transparent about plans for the Fufeng Mill.

A North Dakota city attracted a corn mill. Then came questions about its Chinese owners

Officials in Grand Forks are enthusiastic about the potential benefit to the economy, but the connection to China stoked a backlash.
Business
July 21
Planned Parenthood North Central States, which operates 28 health centers across Iowa, Minnesota, Nebraska, North Dakota and South Dakota, is headquar

Planned Parenthood workers vote to unionize in Minnesota, Iowa

Planned Parenthood North Central States will now begin negotiating a contract with the workers represented by SEIU Healthcare.
Business
July 21
Hiring slowed in June in Minnesota, mainly because of a tight job market.

Minnesota adds just 100 jobs in June as jobless rate hits low of 1.8%

But the news is uneven. Black unemployment was up in Minnesota, and the tight labor market is impeding growth for some companies, state officials said.
The Louriston Dairy near Murdock, built and operated by Riverview LLP, is home to 9,500 cows, 40 times more than the average American dairy. The compa
Agriculture News and trends about Minnesota's farm economy
updated 10 hours 39 mins. ago
We've created a new destination for everything agriculture in Minnesota and around the country.
Business
July 21
Wells Fargo has replaced its two portfolio checking accounts — the highest tiers — with two new accounts it’s calling premier and prime.

Wells Fargo rolls out new checking accounts for customers with large balances

Customers may not realize their accounts are changing and should check before July 31 to avoid fees and learn about features.
Business
July 21
Shown is the existing transmission lines from the Sherco plant in Becker.

Xcel wants to spend $500M on a new power line in Minnesota

The roughly 140-mile line would run from Becker to the Marshall area and accommodate several new renewable energy projects
Business
July 21
Chairs stick to display boards with 3M tape at the science dome at the 3M Open practice round Tuesday, July 19, 2022 at the Tournament Players Club in

Golf turns science fair: 3M uses PGA event to highlight its innovation

The 3M Open draws a who's-who in the Twin Cities business community and is a chance for the title sponsor to teach a few science lessons.