latest articles

S&P Considers Cutting Best Buy Credit Rating to “Junk”

S&P said that Best Buy's recently announced cost-cutting measures, which involve closing 50 big-box stores and opening 100 smaller Best Buy Mobile stores, indicate that "its current business model is not working and that the steps taken to date have not been enough to improve performance."

Medtronic Pays $85M to Settle Shareholder Lawsuit

The lawsuit claimed that Medtronic did not disclose to shareholders the adverse effects of its Infuse product, illegally marketed the product for uses not approved by regulators, and did not disclose to shareholders how much of the company's revenue from Infuse came from these unapproved uses.

Twins Add New Food, Craft Beer at Target Field

New food offerings at Target Field this year range from a baked potato bar to deep-fried pickle chips, and the expanded lineup of alcoholic beverages includes locally-produced craft beers and the Big Ginger cocktail, made with locally owned 2 Gingers Irish Whiskey.

Target Hires New Chief Marketing Officer

Jeffrey Jones II succeeds former CMO Michael Francis, who left in October to become president of J.C. Penney Company; his appointment concludes a "comprehensive search" that included both internal and external candidates.

Biz Group: MN Could Lose $587M Without Vikings

A consortium of local business and community leaders released an estimated breakdown of the millions of dollars that it says could be lost if a Vikings stadium deal is not reached. A bill for the stadium, meanwhile, has cleared its first legislative hurdle, although a provision regarding gambling has already received strong criticism.