Author’s archive

Laid Off Lockheed Workers Get State Aid

Approximately 270 workers who were laid off from two employers in Minnesota will together receive more than $1 million in aid from the state, the Minnesota Department of Employment and

ATK Loses Out on NASA Space Vehicle Money

Eden Prairie-based Alliant Techsystems, Inc. (ATK), was reportedly unsuccessful in its bid for government money for the development of commercial space vehicles. According to online space news site Spaceflight Now,

Lawson Software Accepts $2B Buyout Offer

Lawson Software, Inc., on Tuesday announced that it has agreed to be purchased for $11.25 per share of its common stock-a transaction worth about $2 billion. The St. Paul-based software

TCF May Revamp Its Overdraft Fee Policy

Wayzata-based TCF Financial Corporation may soon revamp its overdraft fee structure to begin charging a single fee at the end of the day if a customer has a negative account

Wells Fargo Tries New Cost-Saving Initiative

Despite posting record earnings and cutting expenses in the first quarter, San Francisco-based Wells Fargo & Company recently announced that it has implemented a new cost-saving initiative called Project Compass.

Fingerhut Parent Bluestem Files to Go Public

Catalog and online retailer Bluestem Brands, Inc., has filed an initial registration statement for an initial public offering (IPO) that could raise up to $150 million. The Eden Prairie-based company-which

Lennar Buys 72 Lots in Otsego Development

More than two years after Lennar Corporation bought lots in Martin Farms-a troubled development in Otsego-the company has purchased an additional 72 lots, according to the Star Tribune. The Minneapolis