Author’s archive

MN Businessman Kenneth Dahlberg Dies at 94

The Deephaven resident, who founded Miracle-Ear and pumped money into several companies, was a decorated World War II fighter pilot who also played a cameo role in the Watergate scandal even though he engaged in no wrongdoing.

Regis, Activist Investor Trade Harsh Words

Shortly after Regis announced a series of strategic changes, the company and one of its largest shareholders-which believes the changes fall short-are exchanging harsh criticisms ahead of an upcoming shareholder meeting.

Report: Huge Disparities Among Mpls.’ Racial Groups

A new report from the Minneapolis Foundation shows dramatic differences between Minneapolis residents of differing races and ethnicities-disparities that begin at an early age and affect education, jobs, housing, and other aspects of life.

U of M Research Spawns Green Start-up

A biodegradable plastic developed by a University of Minnesota biochemist has led to an Arkansas start-up that will manufacture what it claims are environment-friendly plastic bags.

Ameriprise Workers Sue Over 401(k) Funds

Six current and former employees of Ameriprise Financial claim that their 401(k) investments were placed in poorly rated funds that had excessive fees, which resulted in the loss of $20 million; they seek to turn their suit into a class action representing all affected employees from 2005 to present.

Best Buy to Sell Online Music Provider Napster

According to the Star Tribune, industry observers estimate that Napster now has 400,000 subscribers-significantly fewer than the 706,000 that it had when Best Buy acquired it three years ago-and Napster hasn't been able to overtake Apple's iTunes.

Caribou Among Hundreds Facing WiFi Patent Suits

Local IP attorney Brad Pedersen indicated that the case doesn't look promising for the company filing the suits; he says that lawsuits with multiple defendants will be kicked out under a new patent reform act-and the cost of [refiling] the suits one at a time won't be worthwhile for the plaintiff.

Regis Corp. Names New CEO, Plans to Cut Costs

Regis on Monday announced that Randy L. Pearce-who is currently president-will serve as CEO starting February, and that the company plans to lower expenses by $40 million to $50 million over the next two fiscal years to improve earnings.

Target CMO Michael Francis Leaves for J.C. Penney

A Target spokeswoman said that the departure of Michael Francis, who was leading the retailer's expansion into Canada, will have no bearing on its plans to open stores north of U.S. borders; the company hasn't yet determined an approach for finding Francis' replacement.