Best Buy offered to share financial information as requested by founder Richard Schulze—on the condition that he postpone bringing a buyout offer to shareholders—but negotiations appear to have stalled.
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Best Buy said that Hubert Joly has successfully turned around companies in the media, technology, and service industries—but the company’s stock slid Monday on news of Joly’s appointment, and analysts’ reactions appear mixed.
Great leadership doesn’t always come from executives in the C-suite.
Cost Seg Associates, a Minneapolis-based firm devoted exclusively to cost segregation studies, has merged with Eide Bailly.
Minnesota companies would reportedly need to boost exports at a rate of nearly 15 percent each year in order to achieve Governor Dayton’s goal to double the value of exported items by 2017.
The mayor also called for a 1.7 percent hike in the city’s property tax levy, although he said that most Minneapolis homeowners are not expected to experience an increase in their city property taxes.
Chad Anderson and Troy Huston each face up to five years in prison for allegedly brokering fraudulent mortgage loans.
July marked the second consecutive month of job gains, although Minnesota’s unemployment rate rose slightly.
The Pioneer Press, citing unnamed sources, reported that the firm decided to wind down at the same time that two of its health care attorneys left for a Minneapolis firm.
The food truck’s menu will reportedly include a goat burger, goat sausage, crispy pork belly, veal tongue sliders, and ice cream sandwiches made with Izzy’s ice cream.
The Houston-based company said that it does not plan to change the mall’s tenant mix or management staff.
In a letter to the company’s board, the Best Buy founder repeated an earlier request for permission to form a group to conduct due diligence and develop a more formal offer; “I am not going away,” he wrote.
Local companies on the list are Dero Bike Racks, Clientek, Colle+McVoy, Renters Warehouse, Quality Bicycle Products, Caldrea Company, and Haberman.
Philip James Pariso faces four felony charges for a Friday bomb threat in downtown Minneapolis that prompted the evacuation of Gaviidae Common and the closures of several nearby streets.
The move marks the brand’s first foray into Europe, where the company plans to continue to expand.
Chris Coleman’s proposed 2013 budget would reduce spending by $1 million, increase the property-tax levy by 1.9 percent, and restore $1 million in funding to the police department.