Why Polaris, Donaldson, ProtoLabs, and Northern Oil & Gas are worth watching.
Banking + Finance
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.
Lawyers for Subramanian Krishnan and the U.S. Securities and Exchange Commission reached a “tentative settlement,” which must be approved by the SEC in Washington, D.C., a process that can take several months, before being sent to a judge for approval.
Coca-Cola’s chief executive has been elected to 3M’s board of directors; meanwhile, 3M’s CEO said the company’s new dividend and share repurchase program reflect “confidence in 3M’s future.”
Chad Arthur Anderson received a five-year sentence, while Troy Allen Huston was sentenced to four years and nine months; their fraud scheme involved 32 Minnesota properties.
The strong quarterly results were driven by an increase in wealth management clients.
It’s unclear what exactly the future holds for the property, but the new owner reportedly plans to disassemble the plant and will not reopen the paper mill.
Greg Fluet, who has served as interim CEO since November, takes the helm at a time when the company’s stock is struggling to meet Nasdaq’s minimum bid price requirements.
Associated Bank is reportedly alleged to have either knowingly helped to facilitate or been willfully indifferent to the Ponzi scheme, ignoring red flags of fraud and insolvency and violating the Bank Secrecy Act and anti-money laundering guidelines.
Brookfield Properties, which is looking to exit the Twin Cities market, has agreed to sell the building to a California-based real estate investment trust.
South Carolina-based Comfortaire, which makes “adjustable air-supported sleep systems,” had revenues totaling $10.5 million in 2012.
A casual small-plates spot for diners who like to eat late.
Regulators said the bank failed to properly report transactions that might have been linked to terrorist activities.