Entrepreneurs Sara and David Russick share the wealth—and wisdom—through Gopher Angels.
Banking + Finance
Private equity firms in the middle market had a generally busy 2012. And they have the money for more deals.
The Dalai Lama blessed Starkey’s philanthropic work. Is that a clue that he will make a pilgrimage to the Twin Cities most celebrity-rich summer party?
The company said it expects to close on its planned acquisition of Champion Technologies—which previously stalled amid federal antitrust concerns—in the first quarter.
An analyst report says TCF is the regional lender most likely to be sold this year, due in part to “uncertainty over CEO succession”; a TCF spokesman said, however, that the bank’s stance has long been that it would consider a reasonable offer.
Sales plunged 57.9 percent in the fourth quarter of 2012, and the company reported a net loss of $6.5 million for the period; CEO Kitty Iverson, who said she was “disappointed with our weak performance,” expects a challenging first quarter but gradual improvement later in the year.
The Bloomington-based maker of filtration systems lowered its sales and earnings outlook, saying it expects continued weakness in certain markets amid continued economic uncertainty.
As Vail Resorts digest Afton Alps, the local ski business warily watches for more signs of change.
The Cossettas class it up to nice effect.
Profits grew 18 percent in the fourth quarter and 20 percent for the full year, thanks to a boost in club membership, strong sales in clubs open for at least 13 months, and a boost in sales of the company’s ancillary services.
Some of the region's leading executives make their mark in very unexpected ways.
Why Polaris, Donaldson, ProtoLabs, and Northern Oil & Gas are worth watching.
The company, which also reiterated its earnings guidance and expects strong international growth for the current fiscal year, saw its stock rise almost 2 percent following its announcement.
Sales also declined in the cardiac rhythm disease management and spinal products businesses, two of the company’s largest and highest-margin segments.
The company’s fourth-quarter profits jumped nearly 400 percent, driving shares of its stock to close Wednesday at a record high of $52.82.
The Wall Street Journal, citing unnamed sources, reported that Richard Schulze is weighing the idea of lining up investors to take a minority stake in Best Buy, rather than moving forward with a private takeover.
The struggling data storage company, which reported a fourth-quarter loss of $310.2 million, said it is in the midst of a strategy to turn itself around, which includes previously-announced plans to cut 20 percent of its global work force.
Edwards Jones Mortgage, LLC, a joint venture between Wells Fargo and investment firm Edward Jones, will close next month.