Shares of Christopher & Banks’ stock climbed on news that the retailer—which is in the midst of a major turnaround effort—has raised its fourth-quarter outlook.
Banking + Finance
The local positions include 104 financial representatives and 202 financial representative interns, and those hired to fill them will work out of one of two Twin Cities offices.
ShopJimmy.com acquired St. Paul-based Ness Electronics for an undisclosed sum.
As major shareholders, CEO Hubert Joly and other board directors could profit substantially from a Best Buy takeover.
Best Buy’s stock price rose after the company announced flat sales for the all-important holiday season.
Minneapolis-based real estate brokerage firm HomeServices of America, which made a series of acquisitions last year, has continued the trend into the new year with its purchase of California-based Guarantee Real Estate, one of central California’s largest brokerage firms.
Following the sale of 877 stores to an investor group led by Cerberus Capital Management, Supervalu will replace CEO Wayne Sales with Sam Duncan, a retail veteran who most recently led OfficeMax.
The positive results mark the second consecutive quarter of significant growth following a dismal conclusion to the company’s last fiscal year.
The band’s leaders did not disclose the names of the hotels, although sources told local news outlets that they are the Crowne Plaza and DoubleTree in downtown St. Paul.
Bell State Bank & Trust’s parent company is acquiring Minnetonka-based The Business Bank and its mortgage division; together, the two companies originated nearly $3 billion in mortgages last year.
Marvin and Canadian rival Loewen Windows will face off Saturday in an international border battle for bragging rights on the hockey rink.
Shares of U.S. Bancorp and TCF Financial Corporation—the state’s largest bank-holding companies—climbed about 17 percent last year.
U.S. Bancorp said that its portion of the $8.5 billion settlement includes $80 million in cash and about $128 million in mortgage assistance services; Wells Fargo, meanwhile, will pay $766 million in cash.
Bloomington-based Acuo Technologies, whose technology is used to manage digital medical images, will become part of Lexmark’s Perceptive Software business unit.
Annual sales for Skippy, the second-largest U.S. peanut butter brand, are expected to total about $370 million in 2013, with $100 million coming from outside of the United States.
Nexsan Corporation is expected to help Imation capture a larger share of small and medium-sized business customers and boost its growth among enterprises with widely distributed operations.
A Jefferies & Company analyst said Target struggled in its online execution, experienced soft December sales and poor results for a joint initiative with Neiman Marcus, saw more price competition, and increased its markdowns during the holidays.
High praise for a North African–influenced sibling of a South Minneapolis favorite.