New regulatory changes are meant to promote the hiring of veterans, but the local head of the Association of General Contractors is calling foul, claiming paperwork costs could be prohibitive.
Banking + Finance
Target is among retailers that have been touting growth in online sales. But when contacted by regulators, the company reportedly said that digital sales have represented an “immaterial amount” of total revenue.
The U.S. Export-Import Bank is considering funding a loan that would promote the exportation of U.S.-made equipment—but could aid Minnesota companies’ competitors.
A liquidator for two hedge funds accused General Electric Capital Corporation of concealing knowledge of Tom Petters’ Ponzi scheme.
Clear Harbor Investment wrote a letter last week to Northern Oil and Gas’ board of directors recommending the company repurchase 13 percent of its outstanding shares to improve its market value.
The most dramatic change to U.S. patent law by the America Invents Act may not prove the most significant. But it is the one that requires inventors’ attention—starting today.
The Nasdaq exchange—on which shares of Minnesota companies such as C.H. Robinson, Buffalo Wild Wings, and Fastenal are traded—temporarily ceased trading on Thursday.
Best Buy said it is improving same-store sales and cutting costs, and its stock price climbed about 10 percent early Tuesday.
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.