Whether it’s bank loans or equity financing you’re after, pay attention to the fundamentals.
Banking + Finance
The retailer said first-quarter profits were dragged down by soft sales in weather-sensitive categories, and it cut its full-year earnings outlook.
ValueVision Media, previously known for its ShopNBC brand, has rebranded its business and swung to a profit for the first time in years.
A group of retailers has opted out of a $7.2 billion settlement with the credit card companies and is now pursuing its own legal action.
The two Minnesota firms plan to merge on November 1, boosting Abdo, Eick & Meyers’ employee base to roughly 100.
Healthland, which provides health care IT solutions for rural hospitals and their affiliated care facilities, has acquired American HealthTech, which serves post-acute facilities.
Medical device manufacturer Medtronic has cut about 65 percent of the 2,000 positions it intends to eliminate and beat it’s fourth-quarter earnings expectations.
Minnesota Commerce Commissioner Mike Rothman announced Wednesday the $14 million settlement with Prudential that pertains to unclaimed death benefits.
Chief Financial Officer Sherry Smith was scheduled to leave Supervalu at the end of May but is now staying on until the end of July for an extra $300,000, in addition to her usual salary.
The value of Minnesota’s exports rose $246 million in 2012, an increase of 1.2 percent and enough to set another annual record; the state’s top export category was machinery.
The salon company reported a more modest decline in same-store sales, but its revenue and adjusted earnings fell short of analysts’ predictions.
Fifty-seven percent of area residents believe that the local and national economy will improve in the next two years.
CBIZ is expanding its Minnesota footprint with the acquisition of Associated Insurance Agents and its 32 employees.
A long, cold winter, as well as rate increases in several states, helped boost Xcel's first-quarter financial results.
Amid an insider-trading probe, federal prosecutors reportedly subpoenaed Cardiovascular Systems; there have been no allegations of wrongdoing.
The maker of Salted Nut Rolls and Nut Goodies has acquired the Bit-O-Honey brand, and it may add 30 new St. Paul jobs.
The company’s first-quarter earnings dropped due to high poultry costs, prompting it to change the way it determines prices for its wings.
The electronics retailer is selling its stake in a European joint venture for roughly half of what it initially invested in the business; but analysts expected the divestiture, and investors responded positively.