The California company is making inroads in Life Time’s headquarters market and adding clubs faster. But Life Time CEO Bahram Akradi believes his slow-growth strategy will ultimately win out.
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Satellite TV’s big innovator is a quiet iconoclast, and he’s got a new kind of venture in the air.
Pocket Hercules may be the new model ad agency. It’s small, run by seasoned veterans, and works directly with client decision makers, without layers and endless meetings. It seeks to reach the community around a brand. And it sells its own beer.
A new wave of local coffeehouses wants to give java the cachet of wine.
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According to the Star Tribune, Chipotle fired "hundreds" of its Minnesota employees after an audit revealed that some were illegal workers.
A new initiative hosted by the BioBusiness Alliance of Minnesota will provide a statewide Web-based portal designed to connect the state's start-ups with investors.
The total dollar amount invested in Minnesota companies last year represents a 48 percent decline from 2009 and is the lowest since state-by-state data was first collected in 1995.
Werc Werk Works will screen its productions at both the Berlin and Sundance film festivals for the second consecutive year.
After the deal closes, the manufacturer of generic pharmaceuticals will continue to operate out of its New Hope facility.
More than 70,000 Minnesotans were behind on their mortgage payments in 2010, up 8 percent from 2009.
The medical device giant, which allegedly paid physicians kickbacks in a masked attempt to drive its sales, said that it admits no wrongdoing and that settling was a way to avoid potentially costly litigation.
The company's board will immediately initiate a search for someone to replace Russell Huffner, who has been at the helm of the company for 13 years.
The company says suspension arm cracks could cause drivers to lose control of the vehicle.
Mark Phillips has been named commissioner for the Department of Employment and Economic Development; John Edman was reappointed as director of Explore Minnesota; and Kathy Tunheim will occupy a volunteer position as senior advisor for job creation.
General Mills ranked 58th and the Mayo Clinic ranked 61st on Fortune's 2011 list.