An amendment to Dolan’s loan agreement also moves up a due date, reduces the amount of money available in a revolving credit facility, raises the interest rate, and limits capital expenditures, among other things.
Banking + Finance
Thrivent says California’s Controller is requesting too much personal information about Thrivent members; the Controller counters that he’s entitled to the records for auditing purposes.
The hair salon operator said its quarterly financial results were negatively affected by investments that are key to its turnaround strategy.
The South Minneapolis eatery seeks $100,000 through Kickstarter, a level of funding obtained through the site by few other restaurants.
Mosaic, one of Minnesota’s 10 largest public companies, said its revenue fell almost 30 percent last quarter; its stock, meanwhile, has dropped nearly 20 percent in 2013.
An investor group says ValueVision is underperforming and needs a new chief executive; the company, meanwhile, pointed to its climbing stock price as indicative of a successful turnaround strategy.
CVRx raised $12 million in its latest round, bringing its total investments to $251 million since the company was founded in 2001.
In a partnership that may draw Target some new customers, the retail giant is offering health benefit discounts to Medica members.
The 3M spin-off sold one of its businesses in an attempt to turn itself around, but its quarterly loss was worse than analysts expected.
The building, which will be owned by Maurices, will be 10 to 12 stories, rather than the previously planned 15, and the overall cost will be reduced as well.
Although Norcraft will be only the second Minnesota company to complete an initial public offering this year, the state may be poised for more.
Knelman Asset Management Group agreed to pay penalties to settle allegations that it violated a rule meant to ensure the safekeeping of customer funds.
Rochester and Minneapolis have both lost a large chunk of their local government aid over the last few years, resulting in spending cuts.
A deal announced Monday, which must be approved by the Minneapolis City Council, calls for the city to pay $48.5 million for the renovation, as well as at least $50 million in ongoing capital improvements.
Has the notoriously unstable restaurant business found a stable funding source, or just a few hundred dupes?
About $590 million worth of SBA loans were approved in Minnesota during the latest fiscal year, down from last year; the state, however, remains a national leader in SBA lending.
The land, adjacent to the Metrodome, is essential to the development of the $975 million new Vikings stadium.
The recreational vehicle company’s stock dropped more than 15 percent Thursday morning after its earnings fell well-below Wall Street expectations for the company's second quarter.