Ecolab increased its full-year earnings outlook as it announced a 16 percent increase in quarterly profits.
Banking + Finance
The credit rating agency also reaffirmed its Aa1 rating for the state’s bonds; it now shares that rating with the City of Minneapolis.
Current state law prohibits the price of a plan from becoming public until its “effective date,” which was originally October 1 for plans included in MNsure.
The positive results were driven by increased sales across all of Arctic Cat’s product categories.
The company said its second-quarter earnings rose nearly 14 percent, and it also acquired San Francisco-based VerticalResponse.
A former OfficeMax executive is set to replace 26-year Supervalu veteran Sherry Smith as chief financial officer, effective August 7.
Uroplasty appointed its interim CEO, Robert Kill, to the roles of president and CEO. Chief Financial Officer Mahedi Jiwani—who was placed on leave during an internal review—has now retired.
About 10 percent of Wells Fargo’s recent home mortgage division job cuts took place in Minnesota, where the bank is the state’s eighth-largest employer.
The company’s second-quarter net profits and sales both doubled, due largely to a 2012 merger.
The Medina-based company reported double-digit growth in both earnings and revenue, and it’s gearing up for much-anticipated product launches.
Edina-based Nash Finch agreed to an all-stock merger with fellow food distributor Spartan Stores, a deal that is expected to create a $7.5 billion company.
Although the company reported a net loss from continuing operations of $105 million, its adjusted earnings reached $0.14 per share, nearly doubling analysts’ expectations.
The company behind Sleep Number beds had seen its stock climb consistently over the last few months to about $27 per share, but its shares fell Thursday after the company released its second-quarter financial results.
Thrivent Financial and other “fraternal benefit societies” are making a push to ensure they remain tax-exempt when the writers of the nation’s tax code start with a “blank slate.”
Shares of the company's stock were trading down on news that second-quarter earnings fell short of analyst expectations.
Plans call for the proposed Ardent Mills company to be headquartered in Denver, although there are also plans for satellite offices in Minneapolis and Omaha.
Hubbard will gain five stations each in Seattle and Phoenix, which it said are the 13th- and 14th-largest U.S. radio markets, respectively.
The magazine called attention to Best Buy’s recent stock run, largely crediting CEO Hubert Joly’s turnaround plan for the steady climb.