Jeffrey Holmers, a local real estate agent, said that his past business dealings with Denny Hecker ultimately led him to file for Chapter 7 bankruptcy.
Banking + Finance
Minneapolis finance officials estimate city restaurants, like MASA, left, lost $1.7 million in dining revenues for the season.
On the news of unexpectedly poor holiday sales, Best Buy’s stock fell nearly 30 percent Thursday and its CEO announced that the company would need to cut costs.
A recent study revealed that Twin Cities residents are less confident in their personal finances than financial experts believe, and that most plan to focus on paying down debt, rather than increasing spending.
Allianz Life Insurance Company, Mayo Clinic, and General Mills were named to the list based on employee surveys and company benefits and practices.
New owner TD Bank expects “no significant change” to the portfolio’s value in wake of Target’s data breach.
Grocery Shopping Network is becoming part of the “Shoptopia Network,” an online aggregator of products sold by a wide variety of retailers.
Governor Mark Dayton focused on higher education, Capitol renovations, and clean water investments in his most recent proposal.
Christopher & Banks said that weather conditions affected fourth-quarter sales but its profit margins will likely improve more than the company previously anticipated.
Since announcing its new amended credit agreement, Dolan’s stock has dropped more than 8 percent, reaching a record low price Tuesday afternoon.
MAXIMUS, the lead vendor contracted to build Minnesota’s health insurance exchange, says MNsure officials took over its job in February, according to a report for the Legislature's oversight committee.
A new study suggests that the federal government would recoup billions of dollars if more young people found work; it turns out, however, that Minnesota’s labor force is not to blame.
A “significant” amount of Snap Fitness shares are changing hands as TZP Capital Partners buys Summit Partners’ more than $200 million stake in the company.
Although the grocery retailer’s revenue fell slightly, its profits jumped from $16 million to $31 million in its fiscal third quarter.
Minneapolis-based Dolan’s stock has fallen to $0.52 per share, well below the New York Stock Exchange’s listing requirements, and a new executive appointment illustrates continued distress.
The maker of Sleep Number beds said that sales missed internal goals during the holiday season and it is planning for a “challenging environment” in 2014.
Gregory Melsen, who has served as chief financial officer and as interim CEO, will leave Techne Corporation in early February to “pursue other opportunities.”
Anticipating more regulatory effects on the financial services industry, CliftonLarsonAllen acquired Bankers Advisory, expanding its mortgage compliance offerings; it also acquired two more firms.