The Anoka-based company said that it "was the victim of predatory lending practices and unscrupulous business behavior of a north metro real estate group," which prompted the bankruptcy filing.
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The retailer posted a 1.8 percent increase in same-store sales during February, below the 2.2 percent increase analysts were projecting.
The company said that it disagrees with a government decision to terminate a contract that it was previously awarded and that it will "aggressively pursue" all available options.
The makeover will include redesign of the shopping center's 20,000 square-foot food court.
Tengion, Inc., a clinical-stage biotechnology company based in Pennsylvania, is raising $31.4 million through definitive agreements with its investors-including Fridley-based Medtronic.
Marcus, Regal and Wehrenberg-each of which operates movie theaters within the state-collectively paid $277,475 in civil penalties for allowing dozens of teens to perform hazardous jobs and work longer hours than allowed by law.
A Florida pension plan claims that Cargill's sale of its stake in The Mosaic Company is unfair to minority shareholders because it reduces their voting power.
Primordial’s software is gaining ground with the military. Next target: smartphones.
Verified Green guides builders through the “green” jungle.
Twin Six adds graphic style to bicycle apparel.
Blackstone Group, LP-a private equity firm-has reportedly purchased about 600 shopping malls, including 13 in Minnesota, from Australia-based Centro Properties.
Federal regulators say that the New Ulm-based co-op willfully ignored safety rules at its Blaine, Wisconsin plant; a co-op spokeswoman said that the worker who died failed to strap on a body harness designed to prevent freefall accidents.
The sale was reportedly motivated, in large part, by Cirrus' need for cash to fund the development of its first jet for the personal aircraft market.
The Golden Valley-based company submitted an offer valuing the yogurt manufacturer at $2.2 billion-the same price tag that NestlŽ cited in its bid.
Steamfitters Pipefitters Local 455 in St. Paul, which hopes to boost membership at the 90-year-old club, prevailed with its bid because of its vow to keep the club private for at least two years.
According to the Federal Reserve Bank of Minneapolis, banking conditions for the Ninth District are still historically weak, but asset quality, earnings, and liquidity improved in 2010 and will slowly continue to improve in 2011.