Author’s archive

Report: More Minnesotans Went Bankrupt in 2010

For the fourth straight year, personal bankruptcies in Minnesota climbed in 2010-fueled by staggering job and housing markets amid the recession, the Star Tribune reports. More than 22,000 Minnesotans filed

Tyco to Cut 248 at Former ADC Plant in Shakopee

Switzerland-based Tyco Electronics, Ltd.,-which purchased ADC Telecommunications late last year-is cutting 248 positions at its Shakopee plant and has plans close and sell ADC's former headquarters in Eden Prairie. Mike

Feds Seek Max 6-Mo. Sentence for Hecker Girlfriend

Federal prosecutors on Friday recommended that Christi Rowan-the girlfriend of fallen auto mogul Denny Hecker-be sentenced to six months in prison, the maximum sentence under federal guidelines. Meanwhile, Rowan filed

U.S. Bank Enters New Mexico Through Acquisition

Minneapolis-based U.S. Bank has entered the New Mexico market-its 25th state-through the acquisition of First Community Bank, a failed bank with 38 branches. State regulators closed First Community Bank on

Best Buy to Air First-Ever Super Bowl Ad

Best Buy Company, Inc., on Wednesday unveiled the cast to be featured in its inaugural Super Bowl commercial: pop sensation Justin Bieber and rock icon Ozzy Osbourne. The spot is

Uptown Mixed-Use Development MoZaic Breaks Ground

The Ackerberg Group, a Minneapolis-based developer, announced Wednesday that construction has commenced on a long-planned 10-story commercial building in the Uptown neighborhood of Minneapolis. MoZaic, which will comprise 65,000 square