The company has signed franchise agreements to open locations across the Middle East and in Puerto Rico over the next few years; it also plans to open 70 new locations in the United States and Canada this year.
Banking + Finance
After experiencing more than $17 million in losses at its Hong Kong office over the past 18 months, Piper Jaffray Companies has decided to close the office and expects the closure to boost its financial performance.
The Minnesota Department of Employment and Economic Development will begin accepting applications in November for the $12 million in credits that’s available next year.
Barbara Kaye Rechtzigel is accused of stealing money from the CD accounts of customers of Minnwest Bank in Marshall.
Target said that a recently announced interchange fee settlement “would perpetuate a broken system, restrict retailers from any future legal action, and offer no long-term relief for retailers or consumers.”
Medina-based Polaris Industries and New Delhi-based Eicher Motors Limited will together form a company and invest about $50 million over the next three years to develop a new line of vehicles for India and other emerging markets.
The move will not result in any job reductions in the Twin Cities, and the firm intends to hire between 300 and 500 new employees in Chicago.
Former Wells Fargo banker Fawsiyo Hassan Farah reportedly received a 33-month prison sentence—and Michael Kweku Asibu, who worked as a personal banker at Bremer Bank and Associated Bank, reportedly received 42 months in prison.
At Supervalu’s annual meeting on Tuesday, shareholders rejected a measure that would have reduced the supermajority needed to approve the sale of some or all parts of the grocer.
Buyer Ardagh Group says the glass container maker’s annual sales total about $800 million and it employs roughly 2,700.
Private equity firm LaunchEquity Partners said that if its offer were accepted, it would invest $10 million in MakeMusic over the next two years and retain all of the company’s employees.
Unnamed sources with knowledge of the matter told The Wall Street Journal that Supervalu is expected to send out confidentiality agreements to interested bidders this week, but the company’s financial advisors reportedly haven’t yet told potential buyers if they’ll attempt to auction the company in pieces or as a whole.
A temple of advanced mixology, with food that plays a distinct second fiddle.
Selling Hair Club for Men and Women aligns with Regis’ recent efforts to evaluate “non-core” assets, cut costs, and refocus on its North American salon operations.
The New Hope-based provider of DirecTV, voice, and high-speed Internet services is buying New Jersey-based MDU Communications International, Inc.
Supervalu’s stock price plummeted as the company announced poor first-quarter results and said it has hired financial advisors to help it review “strategic alternatives.”
Kozy Shack Enterprises’ dairy desserts complement Land O’Lakes’ own dairy products, the Arden Hills-based cooperative said.
The company plans to buy two Texas-based companies—Venture Encoding and CardsDirect—through separate deals.