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Mike Hughlett

Reporter
Energy
Hughlett has primarily covered economics, business and workplace issues for 32 years at five newspapers. He grew up in Brooklyn Center.

Latest from Mike Hughlett

Minnesota retailer Legacy Toys files for bankruptcy, but will try to keep remaining stores open

The toy seller has suffered several financial blows, including tariff costs this year after an eviction from the Mall of America in 2024.
June 27, 2025
Legacy Toys in the Galleria Mall in Edina, greets shoppers with an 8 foot tall giraffe. ]
brian.peterson@startribune.com
Minneapolis, MN
Edina, November 6, 2019

Developer of big Duluth hilltop real estate venture blames bank for latest financial woes

Letter from Lazar Ostreicher’s attorney says St. Cloud-based Stearns Bank failed to provide a guarantee that could have kept his client from running afoul of city agreement for old Central High School property.
June 11, 2025
573510181

General Mills signals layoffs in report that promises ‘transformative initiative’

The Golden Valley-based food giant said in a federal filing it would take a $70M charge, mainly for severance costs.
May 28, 2025

Minnesota real estate agents charged over ties to fraudster who bilked banks of $35M

Prosecutors say the charges are in connection with the real estate fraud perpetrated by former Mayo nurse anesthesist Matthew Onofrio.
May 22, 2025

UnitedHealth Group lost half its value in 6 months. What the CEO shakeup may mean for its future.

Stephen Hemsley is again leading Minnesota’s largest company as it grapples with financial uncertainties and increasing regulatory scrutiny
May 14, 2025

Karmel Mall owner faces foreclosure suit against his Minneapolis apartments over maintenance issues

Basim Sabri contests many of the allegations in the suit made by Fannie Mae, mortgage holder on two apartment buildings he developed.
May 9, 2025
573512245

St. Cloud space shuttle project goes on, despite financial woes of its guiding force

Felicity-John Pederson brought a full-size shuttle replica to St. Cloud in June, but he and his tech company have both since filed bankruptcy.
May 9, 2025

Future of $330M Hopkins housing development uncertain amid developer’s financial woes

Developer Alatus missed deadlines after it was unable to raise money needed to finish project and is suing to stop Minnehaha Creek Watershed District from terminating it from the project.
May 2, 2025

UnitedHealth Group lost half its value in 6 months. What the CEO shakeup may mean for its future.

Stephen Hemsley is again leading Minnesota’s largest company as it grapples with financial uncertainties and increasing regulatory scrutiny
May 14, 2025

Karmel Mall owner faces foreclosure suit against his Minneapolis apartments over maintenance issues

Basim Sabri contests many of the allegations in the suit made by Fannie Mae, mortgage holder on two apartment buildings he developed.
May 9, 2025
573512245

St. Cloud space shuttle project goes on, despite financial woes of its guiding force

Felicity-John Pederson brought a full-size shuttle replica to St. Cloud in June, but he and his tech company have both since filed bankruptcy.
May 9, 2025

Future of $330M Hopkins housing development uncertain amid developer’s financial woes

Developer Alatus missed deadlines after it was unable to raise money needed to finish project and is suing to stop Minnehaha Creek Watershed District from terminating it from the project.
May 2, 2025
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