The company said that the cost of expansion has made it difficult to meet Nasdaq’s listing requirements; beginning Friday, its shares will be traded on the OTCQB marketplace.
Banking + Finance
The restaurant chain’s first-quarter profits fell to $62,000 from $817,000 during the same period in 2012.
Supervalu, which is now about half of its previous size following the sale of several brands, reported a widened loss and declining sales, but analysts responded positively to remarks from the company's new CEO.
The longer than usual winter helped boost Polaris' snowmobile sales, although it hurt parts of the company's business that depend on warmer weather, including motorcycle sales.
TCF Financial CEO Bill Cooper recently told analysts that the company cut 700 branch employees in order to increase efficiency.
St. Cloud-based scrapbooking company Creative Memories filed for bankruptcy for the second time in five years and plans to lay off 163 employees.
Biotech company BioAmber, which first announced in 2011 that it planned to go public, has lowered the amount that it hopes to raise through its initial public offering.
Target is now expecting its adjusted first-quarter earnings to be slightly below what it previously projected, but it remains confident in its full-year forecast.
The company’s quarterly earnings were in line with analysts’ expectations, but mortgage-banking revenue fell 11 percent, causing a decrease in net revenue.
Joh. A. Benckiser has agreed to acquire D.E. Master Blenders 1753, marking its third major acquisition in the coffee and tea industry during the past year.
Known primarily for its recreational vehicles, Polaris has acquired a French automobile company that makes low-speed personal vehicles, as well as commercial vehicles.
The high cost of feed ingredients fueled by a national drought was among the factors that caused Cargill’s third-quarter earnings to drop from $766 million to $445 million.
A deal reached between Ecolab and the U.S. Department of Justice requires Ecolab to sell Champion’s chemical-management services for deep-water oil and gas wells in the U.S. Gulf of Mexico—which comprise about 3 percent of its business.
CHS’ energy segment saw quarterly earnings triple, helping to push the company’s total earnings past its 2008 record.
Some companies that were shunned by investors last year—including Best Buy—saw their shares rise the most during the first quarter.
Since last year’s merger, CliftonLarsonAllen has been led by co-CEOs; now, former LarsonAllen CEO Gordon Viere will be the firm’s sole leader.
Image Sensing Systems fired two Polish employees who are being investigated for alleged criminal conduct; the company's investigation into the matter, meanwhile, has cost $1.5 million to date.
Medica will use payment technology designed by a local tech company to provide its members discounts on healthy food from a variety of local grocery stores.