The online educator’s new enrollment fell 6.8 percent in its most recent quarter, and its revenue was down about 15 percent.
Banking + Finance
After selling $26 million in bonds to finance a broadband network, the City of Monticello has been unable to repay investors; a new lawsuit has now been filed, as expected, and will be resolved if bondholders approve a settlement.
The Minnesota Chamber of Commerce and national employer groups responded both positively and negatively to the second delay of one of the major requirements of the Affordable Care Act.
The Minneapolis-based biotech company hired James Hippel to replace Greg Melsen, who served shortly as interim CEO left the company after it named a permanent replacement.
While Buffalo Wild Wings saw a 25 percent increase in profit and C.H. Robinson saw a 65 percent decrease, the price of both companies’ stocks dropped Wednesday.
Target Chief Financial Officer John Mulligan said Tuesday that the malware, which infiltrated the retailer’s point of sale system, remained on a select number of registers for three days after the company said it had eradicated the problem.
Best Buy and Ameriprise Financial made Bloomberg’s list of top 10 most-disappointing stocks based on their poor January performance following a strong 2013.
The SEC said hundreds of stocks, including at least two from Minnesota, likely belong to dormant companies and are prime targets for fraud.
Strong cash flow is a critical element for obtaining financing in 2014.
The Dolan Company’s shares will no longer be traded on the New York Stock Exchange; they’re moving to the “over-the-counter” marketplace.
Although Cardiovascular Systems announced a loss of nearly $10 million for its second quarter, its stock was trading up 19.1 percent at $35.04 per share Thursday morning.
Volunteers of America-Minnesota has embarked on an aggressive cost-cutting effort, and it has tapped a former Planned Parenthood leader to help it resolve its revenue crisis.
The National Retail Federation and the International Franchise Association are among those urging Congress to change the definition of "full time" to 40 hours a week, rather than 30.
TenKsolar, Preceptis Medical, Optimine Software, TrackIF, Ambient Clinical Analytics, and Anser Innovation are among the Minnesota companies to recently land new capital.
The recreational vehicle company generated record profits and revenue for its fourth quarter on increased off-road vehicle and motorcycle sales, and while it's expecting further growth in 2014, its outlook is more cautious than that of analysts.
The recreational vehicle company announced that its third-quarter profits fell 32 percent and it is lowering its full-year earnings guidance for 2014.
While Minnesota can’t quite compete with salaries paid in New York or California, the Twin Cities remain between 2 and 5 percent above average for white-collar compensation in fields like public relations and advertising.
Precision Associates recently bought a majority stake in MMI Precision to help broaden its capabilities for medical device customers—and it’s already eyeing growth for MMI.