Archive of: July 2012

Bixby’s Former Acting CFO Gets 8-Yr. Prison Sentence

Prosecutors say that Dennis Desender was responsible for about $4.3 million in losses to investors and an $825,866 tax loss to the Internal Revenue Service, which resulted from his failure to file federal tax returns or report his income over a three-year period.
Report: Supervalu to Begin Reaching Out to Potential Buyers

Report: Supervalu to Begin Reaching Out to Potential Buyers

Unnamed sources with knowledge of the matter told The Wall Street Journal that Supervalu is expected to send out confidentiality agreements to interested bidders this week, but the company’s financial advisors reportedly haven’t yet told potential buyers if they’ll attempt to auction the company in pieces or as a whole.

MN Leaders Outline Need for More College-Biz Collaboration

A new report released by The Itasca Project outlined several strategies for building such collaboration, including aligning academic offerings with work force needs and regional businesses partnering with colleges and universities to co-create research and innovation agendas.

U of M Regents Approve Beer & Wine Sale at TCF Stadium

The board also voted in favor of eliminating so-called “administrative transitional leaves”—high-paying leaves that were offered to university executives who were stepping down from their administrative roles but staying on as faculty members.
Capitalist Tools

Capitalist Tools

Bayers Do It Best Hardware and Settergrens Ace Hardware compete in Linden Hills—a one-hardware-store kind of neighborhood.