Best Buy said it is improving same-store sales and cutting costs, and its stock price climbed about 10 percent early Tuesday.
Banking + Finance
David Welliver, who was accused of misconduct, reached a settlement with regulators.
HomeServices of America continues to grow at break-neck speed, this time acquiring Philadelphia-based Prudential Fox & Roach.
Berkshire Hathaway increased its stake in U.S. Bancorp to more than 78 million shares at an average price of $34.31 during the second quarter, according to a regulatory filing released Thursday.
Many young people in their 20s are still struggling to land jobs, and lots of Minnesotans are scraping by on low-paying, part-time jobs.
Red Stamp will retain its brand name, website, and offerings following the acquisition.
Roger Pedley admitted to structuring cash transactions in a manner that avoided triggering banks’ federal reporting requirements; he also admitted to evading taxes.
After missing third-quarter expectations, Valspar now expects to earn between $3.45 and $3.55 per share for the full fiscal year.
The move marks a departure from Medtronic’s traditional emphasis on medical devices.
Uroplasty’s former chief financial officer retired after the company investigated issues regarding internal financial controls; Brett Reynolds will now take over the role.
A group of Best Buy shareholders argue that false statements made by the company’s executives caused its stock to rise artificially before abruptly dropping 14 percent months later when the company lowered expectations.
More than a dozen stores formerly branded as The Gas Stop will be converted into Holiday Stationstore franchise locations.
John Joseph Waters is accused of transferring millions of dollars from his employer’s accounts to accounts that he controlled, without his employer’s permission.
The Wayzata-based company saw its annual and fourth-quarter profits skyrocket, following especially dismal financial results last year.
On the heels of major U.S. newspaper acquisitions, the Star Tribune declined to comment on whether it is up for sale.
CEO Sally Smith said the company plans to have PizzaRev open a Minneapolis location by the first quarter of next year.
The Minneapolis City Council met Thursday to discuss forming a city-owned electric utility, but the Xcel Energy CEO is confident the city won’t make the transition.
An analyst said, however, that although the company reported a loss, the move to sell its weak businesses will ultimately allow Dolan to focus on its more successful sectors.