Former North Memorial Health Care President and CEO David W. Cress entered a guilty plea Wednesday in connection with a prostitution bust for which he was arrested in September. Cress,

Rochester-based Home Federal Savings Bank and its parent company, HMN Financial, Inc., are under tightened regulations by the Office of Thrift Supervision (OTS), according to documents filed Friday with the

Target Corporation announced Tuesday that it will open a small-format store in Chicago, which will be called CityTarget, in 2012. The Minneapolis-based retail giant announced in September plans to build

Capella Education Company is cutting 125 positions, or about 8 percent of employees, from its non-faculty work force, the online university said Tuesday. Minneapolis-based Capella wouldn't provide many details about

CHS, Inc., will distribute $231 million to owners in all 50 states this year as a result of its strong fiscal 2010 earnings, the company said Monday. The Inver Grove

The Home Depot, Inc., will add nearly 900 seasonal workers-700 of which are in the metro area-to its 32 Minnesota locations to accommodate for the home-improvement retailer's busiest shopping season.

The Minneapolis-St. Paul metro area saw the second-highest increase in wages and salary in 2010-3.2 percent-according to a study recently released by the Bureau of Labor Statistics (BLS) that analyzed

Southdale Center will welcome a new anchor tenant-Herberger's-and a new food court this winter, the mall's owner, Simon Property Group, Inc., recently announced. The new Herberger's location-which is slated to

The iconic Northrop building on the University of Minnesota campus in Minneapolis will receive an $81 million overhaul, and construction will begin later this month. The university's Board of Regents

Deluxe Corporation last week announced plans to close its Phoenix call center and lay off all 175 of the employees who work there. The Shoreview-based company is making the move

Domino's Pizza has refranchised 26 company-owned stores in Minneapolis to a local operator, according to a statement released Monday. The stores will now be owned and operated by local franchisee

Great Clips has a new leader. The salon chain recently announced that Rhoda Olsen, who previously served as president, has replaced her brother Ray Barton as CEO-effective February 1. Barton,

Plymouth-based Kips Bay Medical, Inc., said Friday that it raised $16.5 million before expenses in an initial public offering-Minnesota's first of 2011 and one of just a few within the

Delta Air Lines announced Monday that it will reward its employees with profit-sharing payouts totaling $313 million-the largest such payment the Atlanta-based airline has ever doled out. Delta employs more

Edgar E. Hetteen, often called the "grandfather of snowmobiling," died on Saturday. Hetteen's death was reported by the Rowe Funeral Home in Grand Rapids, the town where he had been

Fallen auto mogul Denny Hecker will spend 10 years behind bars-the maximum sentence under federal guidelines-for two fraud charges connected to his attempts to defraud Chrysler Financial Services, LLC, and

Pending home sales in the 13-county metro area totaled 2,838 in January-a 3.7 percent jump from January 2010, according to a monthly report released Friday by the Minneapolis Area Association