Banking + Finance

Target headquarters

Target Lowers Outlook As Profits Tumble 16%

While Target’s quarterly profits were in line with its expectations, the company drastically lowered its forecast for 2014 from last quarter due largely to the effects of its data breach and costs of its Canadian expansion.

May 21, 2014

Pentair Shareholders Approve Reincorporation In Ireland

Investors gave Pentair the green light to relocate its place of incorporation from Switzerland to Ireland, a move that is expected to result in tax advantages.

May 21, 2014

Carlson Sells $2.7B TGI Fridays Chain

The global hospitality company sold the iconic restaurant brand in order to focus more energy and resources on its hotel and travel businesses.

May 20, 2014

Judge blocks Minnesota limits on campaign donations

A judge’s ruling will prevent Minnesota from enforcing certain limits on campaign contributions while a legal challenge makes its way through court. U.S. District Judge Donovan Frank wrote...

May 19, 2014

Jason Bristow

Code42 Hires Amazon’s No. 2 Finance Exec As Its New CFO

Jason Bristow, a 10-year vice president and treasurer at Amazon, returned to his native Minnesota Monday to serve as chief financial officer for a growing software firm.

May 19, 2014

Tax cuts, kill switches, e cig regulations move ahead at the Capitol

With the legislative session heading into the home stretch, state lawmakers are nearing final decisions on some of their unfinished business. Here’s a look at how a few issues moved forward...

May 08, 2014

100s

MN Mobile Banking Co. Aims To Raise $20M

Founded by local businessman Jeff Mack, Cachet Financial Solutions significantly narrowed its net loss in its most recent quarter and increased revenue, and is now planning a stock offering.

May 08, 2014

More state refunds are on the way to Minnesota taxpayers

The good news is that some Minnesotans became eligible for additional tax relief this year, thanks to a tax relief measure passed in the middle of filing season by the state legislature. The bad...

May 07, 2014

Alice Hausman

Cash, Not Credit: DFLers Consider End Run Around GOP

House Capital Investment Chairwoman Alice Hausman has introduced a $125 million proposal that pays cash for a handful of construction projects out of the state’s $1.2 billion surplus.

April 23, 2014

Why Thrivent Decided To Filter Its Philanthropy

Thrivent wanted to give its customers a greater voice, which brought it noisy dissent.

April 22, 2014

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