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.
Banking + Finance
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.
A “woman of influence” is defined as being active in major investment decisions, having a good understanding of financial products, and having an interest in learning about financial matters.
The company, which is focused on developing a cancer vaccine, has completed its Chapter 11 reorganization and has appointed Carlos Santos as its new CEO.
Mayor Chris Coleman released a video in which he tells the public that he is open to suggestions for upcoming budget decisions.
The Minneapolis-based company, which raised more than $200 million prior to the recession, said it will use the new funding to help finance clinical trials.
Unseasonable weather hurt CHS’ earnings, causing a smaller 2012 harvest and delayed planting this spring.
A Minneapolis city committee approved the concept behind a massive development project; meanwhile, Wells Fargo publicly confirmed its interest in occupying planned office towers.
Prime Therapeutics, which added 443 jobs locally in the past year, recently announced its next location for significant job growth: Irving, Texas. The Eagan-based company plans to add 200 new positions there.
The receiver in the Tom Petters case is reportedly seeking $2 million from Crown Bank related to proceeds from two of Petters’ properties. Meanwhile, Petters’ attorney argued again that Petters’ 50-year sentence should be reduced.
Uroplasty, which delayed filing its annual financial report last month due to possible issues regarding how it paid employees, has been given 60 days to explain how it will regain compliance with Nasdaq requirements.
The employer-shared responsibility provision in the health care reform law requires large employers to meet specific standards in order to avoid penalties. Now they have an extra year to comply.
Minnesota schools are joining the movement to boost financial literacy across the state, focusing on education and outreach from grade school children to senior citizens.