latest articles

Edina Realty Parent To Quadruple Footprint

Residential real estate brokerage firm HomeServices of America has formed a new joint company that will launch a real estate brand called Berkshire Hathaway HomeServices and more than quadruple its network of brokers from about 16,000 to more than 69,000.

MN Cos. Affected by Sandy Begin Reopening Stores

Some Minnesota companies that were forced to close their East Coast locations as Hurricane Sandy hit the coast Monday reopened stores on Tuesday; meanwhile, U.S. stock markets remain closed but are expected to reopen Wednesday.

Holiday Survey: Locals to Spend More on Gifts, Less Overall

According to an annual survey by Deloitte, local consumers plan to boost their spending on gifts by about 3 percent but decrease their overall holiday budgets by the same percentage; the majority of Twin Citians also expect the economy to improve in 2013.
Former DEED Chief Explains Why He Left for Kraus-Anderson

Former DEED Chief Explains Why He Left for Kraus-Anderson

Mark Phillips, who became DEED commissioner in January 2011, said he was “a good fit for a good part of the DEED work” but didn’t enjoy the administrative part of his role; he plans to retire in about five years and wanted to end his career in the private sector.

Kraft to Cut 90 Positions in New Ulm, Shift Production Mix

Kraft plans to move its Velveeta line of products and another production line out of New Ulm but boost production of processed cheese at that plant; the shifts will eliminate roughly 80 full-time equivalent hourly positions and 10 salaried positions next year.

Global Mfg. Co Moves HQ to Minnetonka, Adds Jobs

Taylor-Wharton International, which has more than $200 million in annual revenue, is moving its corporate headquarters to Minnetonka and will relocate up to 30 jobs, with plans to hire new employees in the Twin Cities.