Gerdau Ameristeel is idling a large part of the operations at its St. Paul steel mill. In a letter dated April 28 to the Minnesota Department of Employment and Economic
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Minneapolis-based Bright Health Inc. has tapped G. Mike Mikan as its new CEO. Mikan replaces Bob Sheehy, a cofounder of the company who has served as CEO since it began
Digital pharmacy startup Capsule Corp. is now open for business in Minneapolis, the startup company’s first market outside its New York City headquarters. Capsule is offering free, same-day delivery to
In a fresh update on its business amid the Covid-19 pandemic, Minneapolis-based Target Corp. on Thursday reported that its digital sales are up more than 100 percent so far in
Large meatpacking plants are emerging as hotbeds for the spread of the potentially fatal Covid-19 virus. In the latest case, Austin-based Hormel Foods Corp. confirmed Tuesday that employees at its
On Tuesday, the Minnesota Chamber of Commerce released a detailed list of “best practices” for companies and employees to return to work safely. “Minnesota businesses are eager to get back to
Wayzata-based agribusiness giant Cargill Inc. temporarily closed its beef processing plant in High River, Alberta, on Monday. The move came as Alberta’s top health official said that there are now
A growing number of Covid-19 cases at a Cargill meat-packing plant in Canada is now the source of the largest outbreak in the province of Alberta. On Friday, Dr. Deena
On Monday morning, Colorado-based JBS USA announced the “indefinite closure” of its pork processing facility in the southwestern Minnesota city of Worthington. The closure comes in the wake of numerous
Minneapolis-based retailer Target Corp. has lined up a new $900 million line of credit. Target entered into the credit agreement on April 10 and disclosed it in an April 16
Minnesota’s lowest-profile public company with more than $200 million in annual revenue? A strong case can be made that it’s ANI Pharmaceuticals Inc. based in the small Minnesota town of
Minnesota small businesses wasted little time in applying for the new federal Paycheck Protection Program (PPP) loans. As of Monday, April 13, more than 33,800 loans of approximately $7.6 billion
While large chunks of the U.S. economy are falling apart, Minneapolis-based developer United Properties is expanding with the opening of a new office in Austin, Texas. It will be the
The sports station is now tops in the metro overall.
A Wednesday headline in the Wall Street Journal summed up the situation for many lenders amid the Covid-19 economic meltdown: “Banks brace for consumer pain.” On Tuesday, the Journal reported that New York-based JPMorgan
On Tuesday, President Donald Trump rolled out the list of business leaders who will help him strategize about reopening the economy. The full list includes 202 people from 16 industry
While the Minnesota Department of Employment and Economic Development has been flooded with unemployment claims in recent weeks in the wake of Covid-19, the state agency is trying to get
Minneapolis-based Sleep Number is furloughing nearly 40 percent of the company’s employees, and another 30 percent are working reduced hours in response to the ongoing financial fallout from Covid-19. Sleep