Richard Schulze said Thursday that he would immediately step down from Best Buy’s board and is looking at options for the fifth of the company that he owns; he was scheduled to step down as chairman on June 21 and serve out the remainder of his director term, which goes through June 2013.
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The custom equipment that Intequus made for Netflix’s new content delivery network is designed to help Netflix’s video content stream more efficiently.
The state’s gross domestic product (GDP) totaled $244.9 billion last year; the 1.2 percent growth rate is less than half of the 3.9 percent increase that the state experienced in 2010.
Minnesota will benefit from a multi-state, $1.6 million settlement to be paid by the Georgia-based provider of supplemental insurance.
The coffeehouse operator is selling local band Rocket Club’s newest album at 198 of its Midwest locations.
Maplewood-based 3M and Golden Valley-based General Mills ranked 30th and 91st, respectively; to compile the list, The Reputation Institute ranked 100 global businesses based on a survey of 47,000 consumers.
MentorMate, The Nerdery, and MPay Gateway made the inaugural "Flyover 50" list—which recognizes the 50 fastest-growing companies that are based in the middle of the country.
This 60-person, independently owned agency won the 2011 O’Toole Award for creative excellence.
The nonprofit, which keeps people connected with family and friends during major health events, is celebrating its 15th anniversary on Thursday with a Mall of America event at which it will attempt to set the world record for the most people signing a greeting card.
The cuts will occur across all 247 Albertsons stores in California and Nevada; Supervalu said that stores in those states have experienced both a reduction in traffic and an overall decline in sales, and it had not adjusted its store-level operations accordingly.
Leadership changes announced Wednesday come on the heels of former Chief Operating Officer Shelly Ibach’s June 1 transition to president and CEO.
HomeServices of America recently purchased a business in Missouri after making acquisitions in Oregon, Washington, and Connecticut earlier this year.
On news of an agreement under which the company will be bought by Laboratory Corporation of America Holdings, shares of its stock were trading up 35 percent at $26.66 mid-day Monday.
The new, 11.5-year lease is for 123,882 square feet, roughly half of what the company currently leases—but Piper Jaffray is currently subletting 93,000 square feet of space to other companies, so the space that it actually occupies will shrink by 22,880 square feet.
A Metropolitan Airports Commission spokesman told the Star Tribune that the commission “had a phone conversation with leadership at Pinnacle to express our interest in seeing them move here.”
A New York-based company will operate a St. Paul greenhouse that will grow tomatoes, lettuce, and herbs year-round for local Cub Foods stores.