In Roseville, two stores will be combined into one dual-format Christopher & Banks and CJ Banks store; a store in Albert Lea, meanwhile, will be closed altogether.
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Solbar, which has a sales office in Oakdale, provides soy protein ingredients to manufacturers in several sectors; the deal is expected to close in early 2012.
Minnesota didn't budge from its spot on last year's list; while the state ranked third for its quality of life and also scored higher than most other states for labor supply and growth prospects, it trailed behind most other states for regulatory environment and business costs.
Eligible Hormel Foods workers received a share of $16.5 million in profit-sharing payouts; meanwhile, Marvin Windows and Doors, which has traditionally given bonuses to its workers, reportedly will not pay out profit-sharing bonuses this year due to a slumping housing market.
The Bloomington mega mall welcomed more than 15,000 shoppers as it opened at midnight on Black Friday.
New York-based Kohlberg Kravis Roberts & Company has agreed to buy the company for $1.12 billion from Capital Safety's London-based owner, Arle Capital Partners.
Casey Carl will oversee Target's digital efforts, including its new Web site, which has crashed several times since its launch.
The December issue of Twin Cities Business features 200 notable Minnesotans-and the full list is now available online and on selected newsstands.
Minnetonka-based UnitedHealth Group-which reportedly serves 7 million Medicare recipients-will add another 113,000 members with the purchase of Baltimore-based Medicare insurer XLHealth Corporation.
Non-traditional advertising company AllOver, which has placed ads at about 40,000 gas stations and convenience stores across the country, has bought Intran Media Vehicles, which puts vinyl advertising on trucks.
The Moorhead-based sugar producer has reportedly begun advertising for temporary workers and said that its "long-term goal" is to hire 1,300 workers if the lock-out continues.
All of the nearly $16 million in angel tax credits available this year was used up as of last week; but the state has another $12 million in credits to distribute in 2012 and has begun accepting applications from investors and businesses wanting to participate in the program.
A California-based investor announced that it collaborated with two other community development entities to provide a $23 million tax credit financing package for the renovation of the downtown Minneapolis building, which is expected to be completed in February, although tenants will begin moving in next month.
A report released Tuesday by Minnesota Management and Budget found that the shutdown in July posed challenges for the public and state employees who were out of work for 20 days-but the state won't feel a long-term economic impact.
Irvine, California-based L.A. Fitness-which has 12 fitness clubs in the Twin Cities-is buying 171 clubs from Chicago-based Bally Total Fitness, including all five of Bally's Minnesota locations.
The medical device company's Washington-based Physio-Control unit has reportedly been plagued with quality issues since Medtronic bought it in 1998, but buyer Bain Capital, LLC, called it a "market leader" and said that it has exciting "growth prospects."