Author’s archive

Cargill Earnings Triple in Second Quarter

Wayzata-based Cargill, Inc., announced on Wednesday earnings of $1.49 billion for the quarter that ended on November 30-triple its earnings of $489 million from the same period last year. The

MN Grant-Making Expected to Stabilize in 2011

Minnesota grant-makers expect giving in the state to stabilize in 2011-a departure from two years of anticipating declines-according to a report by the Minnesota Council on Foundations (MCF). According to

Ridgeway Founder Files for Chapter 7 Liquidation

Paul Ridgeway, founder and president of Minnetonka-based Ridgeway International, Inc., filed for Chapter 7 liquidation late last month. According to the bankruptcy documents, which were filed jointly with Ridgeway's wife

Supervalu Stock Plummets on Weak Q3

Shares of Supervalu, Inc.'s stock plummeted Tuesday on news of its third quarter performance and an announcement that the company lowered its fiscal 2011 guidance. The Eden Prairie-based retail grocer

Two National Mortgage Cos. Enter Twin Cities

Amid a rocky mortgage industry, two national companies have entered the Twin Cities, both claiming that the area offers favorable market conditions. Atlanta-based First Option Mortgage, LLC, on Monday became

Xiotech Moves Headquarters to Colorado

Xiotech Corporation, a manufacturer or data storage systems, has moved its headquarters from Eden Prairie to Colorado Springs, Colorado. The company recently changed its Web site to reflect the move,