More than a dozen stores formerly branded as The Gas Stop will be converted into Holiday Stationstore franchise locations.
Banking + Finance
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.
Ecolab increased its full-year earnings outlook as it announced a 16 percent increase in quarterly profits.
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.