The company, citing a downturn in the global electronics market, cut roughly 20 positions, and the reductions were split between its Minnesota headquarters and its Singapore operations.
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New store openings in the United States and in Canada have also helped the women’s clothing retailer, which posted record sales in its most recent quarter.
New partnership sets cradle-to-career goals for all metro students
Strategy alone is like one hand clapping . . . it doesn’t work!
The sugar producer’s net proceeds declined 32 percent in its 2012 fiscal year, and the union representing its locked-out workers say that’s because of the higher costs associated with having replacement workers.
Despite warnings from economists that the “fiscal cliff” could have dire consequences for the U.S. economy, more than half of those who responded to a recent poll indicated that it might be sensible to take the plunge.
Target’s collaboration with Neiman Marcus got off to a slow start, according to a report; in a move unrelated to the partnership, Target Chief Marketing Officer Jeff Jones said in a new video that the retailer will focus on “content instead of campaigns.”
TechForward accused Best Buy of stealing its concept for a buy-back program; Best Buy said it “completely disagrees” with the size of the award in the case and plans to “vigorously challenge this verdict.”
Governor Mark Dayton has reportedly said he is committed to making tough tax and spending decisions in order to eliminate the projected deficit.
According to Bloomberg, Cerberus Capital Management LP—which was previously considering making a bid for the company as a whole—might instead seek control of its two largest chains, Albertsons and Save-A-Lot.
The company said “there is no formal targeted breakdown” for layoffs by state; it plans to reduce its work force through job cuts, by hiring fewer contractors, and through natural attrition.
U.S. Bancorp CEO Richard Davis anticipates “substantially lower” revenue growth next year, due to which the company plans to open fewer branches.
Recently-formed Silver Bay Realty Trust Corporation, which will buy distressed properties for rental and resale, is hoping to raise between $238 million and $265 million through an initial public offering.
Eagan-based Prime Therapeutics and Bloomington-based The Nerdery are among 100 companies from across the country that received “Hire Power Awards.”
In addition to being named chief executive, David Gagne has joined Winland Electronics’ board of directors.
On Tuesday night, the Shakopee City Council will discuss Emerson’s request for a $6 million assistance package; an Emerson spokesman said Shakopee is one of “multiple options” that it’s considering for expansion.