The collision-repair chain continues to grow, and it’s actively seeking additional acquisition opportunities.
Banking + Finance
TST Media, which operates under the Sport Ngin brand, reportedly received $10 million from Piper Jaffray and $5 million from a California venture capitalist firm.
Governor Dayton’s proposal would cut certain middle class taxes, B2B taxes, local government and nonprofit taxes, eliminate the gift tax, and increase angel investor tax credits.
Wireless Ronin Technologies is merging with fellow digital media firm Broadcast International, and Wireless Ronin’s stock price jumped more than 25 percent on the news.
Castlelake recently closed on $1.4 billion in new capital commitments, bringing its total managed assets to $3.6 billion.
Bixby Energy Systems founder Robert Walker was convicted on 17 counts of criminal conduct, including witness tampering and defrauding investors, after just a day and a half of jury deliberation.
It appears that Gov. Mark Dayton is set to eliminate the gift tax, which he signed into law last spring.
Bloomberg News reported that the Minnesota company is working with Goldman Sachs to sell some of its business units piecemeal.
Best Buy swung to a profit in its fourth quarter but is reportedly planning to cut up to 2,000 managers across the country.
Northwestern Mutual plans to add 107 financial representatives and 195 interns at several offices throughout Minnesota.
Profits at Minnesota-based banks climbed more than 17 percent in 2013, outpacing the national growth rate of 9.6 percent.
Target’s profits fell 46 percent in the fourth quarter, dropping from $1.47 per share to $0.81 per share; Target attributed $0.40 of the loss to its Canadian segment and $0.02 per share to the data breach.
The legislative session that begins Tuesday will focus on the recent bonding bill, the minimum wage, business-to-business taxes, and the state’s projected budget surplus.
St. Francis Campus Credit Union is the subject of a federal investigation, and its assets have been acquired by the larger Central Minnesota Credit Union.
3M said its planned acquisition of Treo Solutions will benefit its health information systems business, which provides software and consulting services to health care clients.
Snap Agency has bought all remaining assets from Atomic Playpen, which went out of business.
The semiconductor equipment manufacturer recently adopted a shareholder rights plan in an attempt to pay lower income taxes by “carrying over” its $76 million in losses.
Tyson Foods, a competitor of Minnesota's Hormel, has reportedly made a bid to acquire Minnetonka-based Michael Foods.