The company’s stock will transfer to an “over-the-counter” market.
Banking + Finance
A U.S. Bank spokesman said the lawsuit is "without merit" and represents "an inappropriate attempt to reassign blame" to the company.
Thrivent Financial’s members voted to expand membership eligibility to all Christians.
Valspar CEO Gary Hendrickson said the acquisition of Inver Group “significantly strengthens our position in the large and attractive European coatings market.”
Michael McFadden, co-CEO of Lazard Middle Market, recently announced his plan to run for U.S. Senate; David Solomon will now serve as the firm’s sole chief executive.
Phillip Trier, who currently oversees U.S. Bank’s commercial banking division in the Twin Cities, will take on an expanded role as president of the local market.
Although a complete list of health insurers that applied has not been made publicly available, several of the state’s major players are reportedly among those seeking approval.
Whether it’s bank loans or equity financing you’re after, pay attention to the fundamentals.
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.