TCB's Dale Kurschner recently questioned the composition of Target’s board; now, a proxy advisor is recommending that shareholders oust the majority of Target directors.
Banking + Finance
Thousands of Minnesotans could be due payments from two life insurance companies that failed to pay beneficiaries when policy holders died.
Gary Vibbard admitted that the fraud scheme defrauded at least 10 investors of between $2.5 million and $7 million.
While Best Buy’s quarterly profits beat analyst expectations, the company expects same-store sales to keep sliding because of a lack of major product launches during its upcoming quarters.
St. Paul-based med-tech company MGC Diagnostics Corporation announced that CEO Gregg Lehman is leaving the firm to become CEO of a healthcare and wellness program provider.
Investors gave Pentair the green light to relocate its place of incorporation from Switzerland to Ireland, a move that is expected to result in tax advantages.
While Target’s quarterly profits were in line with its expectations, the company drastically lowered its forecast for 2014 from last quarter due largely to the effects of its data breach and costs of its Canadian expansion.
In order to complete a proposed merger of their North American flour-milling businesses, the companies are first selling four mills, including one in Minnesota.
AllOver Media acquired Trans Media Group, the parent company of AJ Indoor and TMG Alternative Out-of-Home Media, which offer advertising options throughout the Twin Cities.
The global hospitality company sold the iconic restaurant brand in order to focus more energy and resources on its hotel and travel businesses.
Gregg Steinhafel’s compensation fell during the company’s latest fiscal year, but he’ll receive a severance package worth millions following his “involuntary termination for reasons other than for cause.”
Jason Bristow, a 10-year vice president and treasurer at Amazon, returned to his native Minnesota Monday to serve as chief financial officer for a growing software firm.
Herbert Richard Lawson was accused of tipping off his brother and another company cofounder with insider information; the three men will pay nearly $6 million but didn’t admit wrongdoing.
Founded by local businessman Jeff Mack, Cachet Financial Solutions significantly narrowed its net loss in its most recent quarter and increased revenue, and is now planning a stock offering.
Marketing and technology consultancy Magnet 360, which has been growing at breakneck speed, acquired a Los Angeles-based company and now has about 110 employees.
The founders of I See Me! sold the publishing company to The McEvoy Group, but they will stay on and keep its headquarters in the Twin Cities.
Mosaic will “eliminate only a small number of positions in Plymouth,” where the company is headquartered.
Advantus Capital Management is adding about $300 million in assets to the $29 billion it already manages.