The economic development group said that by the end of 2012, its efforts will have helped create or retain 4,000 Twin Cities jobs.
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Unpaid creditors of Mervyn’s reportedly sued more than 30 entities connected with its 2004 sale, including Target Corporation; they accused the entities of stripping out the now-defunct retailer’s valuable real estate assets to fund the purchase.
Summit Brewing Company, having reached brewing capacity, has sped up plans for its $6 million expansion; meanwhile, Duluth-based Fitger’s Brewhouse has reportedly scrapped its plans for a Minneapolis brewpub.
The layoffs are the latest in a series of job cuts this year, and they will occur at stores in New England states.
The company revealed in regulatory filings that Thomas Oland disagreed with its board’s decision to consider external candidates while searching for the next CEO.
The magazine received the premier award—along with six gold awards, four silver awards, and five bronze awards—at the Minnesota Magazine & Publishing Association’s 2012 awards event, which recognizes excellence in publishing.
As part of a reorganization plan that the company expects will help cut costs, St. Jude will reduce its global work force by approximately 5 percent—in addition to the 300 jobs it eliminated in August.
The awards honor those who play a significant role in discovering new technologies that educate and improve the lives and futures of people living in Minnesota and all over the world.
Joel Ronning said he is “at a point where I want to spend more time with my family and pursuing other interests”; shortly after announcing his resignation, the company reported a third-quarter loss on lower revenues.
As Best Buy attempts to turn itself around, will it begin co-inhabiting its big-box stores with other retailers? It’s currently testing the concept in Michigan.
The Saint Paul Chamber Orchestra musicians have rejected a labor contract offer, spurring the orchestra’s management to plan additional concert cancellations.
A spokeswoman for Activision Publishing, Inc., said that the local division is expected to release fewer games based on third-party licenses as compared to 2012 and that the realignment will better reflect “our slate and the market opportunities.”
Governor Mark Dayton has appointed Bernie Arseneau, the agency’s current deputy commissioner and chief engineer, to serve as acting commissioner.
The retailer is optimistic about the holiday season even though its October same-store-sales increase of 2.4 percent was “near the low end” of its expectations and failed to meet Wall Street predictions.
An annual study found that the companies that are seen as the world’s top innovators—including 3M—are not necessarily those that spend the most money on research and development.
During its “Nerd Drive,” the company will award prizes to people who refer job candidates and help it reach a goal of hiring 100 new employees in as many days.