The Cleveland-based company will idle two of the four production lines at its Northshore operations in Minnesota while also reducing iron ore production elsewhere; the company said the changes are meant to “align with expected sales volumes.”
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The site was reportedly down for about an hour on Monday morning, and some customers got stuck online waiting for purchases to go through.
How Minnesota makes conservation pay for utilities—and how we could do more.
Reinventing your business model to take advantage of future opportunities.
An annual study found that Twin Cities residents plan to spend $773 per household on holiday gifts this year, up from $703 last year.
Knowledge Marketing, Outsell, and SPS Commerce made Deloitte’s annual ranking, which is based on revenue growth over the past five years.
A new lawsuit reportedly accuses the bank of turning a blind eye to Tom Petters’ fraud; BMO Harris Bank, which acquired M&I, denies the claims.
Tornier Chief Operating Officer David Mowry has been named interim CEO, replacing Douglas Kohrs, who has led the company since 2006.
The retailer’s third-quarter financial results benefitted from the planned sale of its credit-card business; meanwhile CEO Gregg Steinhafel offered a positive outlook going into the important holiday shopping season.
Launched to promote job creation in the state, Jobs for Minnesotans will support proposals to bring mining of copper and other metals to northeastern Minnesota—which it claims will create thousands of jobs.
The new name, “Edmentum,” takes effect immediately; the company, which was acquired by a private equity firm in 2010, has since made key acquisitions that have expanded its offerings.
The state's unemployment rate remained unchanged at 5.8 percent last month; the professional and business services sector shed the most jobs, while other sectors, like construction, added jobs.
The company plans to rename the just-acquired dealership Chevrolet of Delano and make its power sports division a standalone dealership; the acquisition is the latest in a series of dealership purchases that it has recently made.
Hubert Joly also reportedly plans to expand Best Buy’s private-label business and is considering leasing consumer electronics to homeowners and then generating fees from connecting and updating devices.
Stream Global Services will fill about 50 jobs immediately and another 100 within the next few months; all 150 employees will serve a single unnamed client in the entertainment industry.
Hutchinson Technology’s second-largest shareholder is encouraging the company to consider selling one of its divisions and to explore other alternatives if it’s unable to return to profitability during its current fiscal year.
A company executive said that opening stores on the evening of the holiday will create an “after-dinner shopping event that the entire family can enjoy”—but more than 190,000 people have signed an online petition protesting the decision.
The company said that the U.S. Department of Justice has issued a “second request” for additional information and documentation related to the deal; such requests were issued in just 4.1 percent of merger transactions submitted to federal antitrust regulators during the government’s 2011 fiscal year.