Some high-profile projects—like the proposed St. Paul Saints ballpark and the Southwest Corridor light-rail line—previously announced plans to seek a share of the state funding, but 90 applications have now been filed.
Banking + Finance
The retailer said that the offer wasn’t in the best interest of its stockholders and adopted a measure to discourage a hostile takeover.
Archway—which employs roughly 1,800—operates more than 4 million square feet of warehouse facilities across 14 major metro areas throughout the United States and Canada.
UnitedHealth Group plans to hire 115 employees for a call center in Chico, California—continuing a recent hiring streak through which it is already adding more than 2,000 jobs in Colorado and Texas.
NewPage, which employs 285 at its Duluth paper mill, said that the proposed merger “posed significant downside risks to its stakeholders, employees, and business.”
The retailer said that June sales were strongest in the food category, followed by health and beauty.
Wayzata Investment Partners, which owns 49.8 percent of the media company, is seeking to buy some shares from another investor, thus increasing its stake to 58.2 percent.
The founder and former leader of alternative energy start-up Bixby Energy Systems pleaded not guilty Thursday to the fraud charges that he faces.
Aria Partners, which owns 4 percent of the women’s clothing retailer, has agreed to pay $1.75 per share and is taking the offer to shareholders; it said that an offer extended in May was “immediately dismissed.”
Best Buy’s stock price jumped 10 percent Monday morning and ultimately closed up 6 percent as some sources speculated that a buyout offer is imminent; another report indicated that such an offer is still a ways off.
The company, which was accused of manipulating customers’ transactions to generate excess overdraft fees, said it has made changes to the way it handles customers’ accounts.
The bank, which previously imposed a monthly maintenance fee for customers who didn’t meet certain requirements, has returned to an earlier policy of offering free checking to all customers.
UnitedHealth Group on Tuesday announced plans to hire 1,500 employees to staff four Texas locations.
Plymouth-based The Tile Shop intends to start trading on the Nasdaq Stock Market after it merges with JWC Acquisition Corporation.
The health insurer will provide a $100 annual credit to individuals who meet four health goals.
About a week after Farley’s & Sathers completed its merger with Ferrara Pan Candy Company, the combined business announced plans to shutter facilities in Minnesota and Tennessee, resulting in an unspecified number of layoffs.
The City of Minneapolis spent $467,139 on staff and contract lobbyists last year, the most of any local government in the state.
The Human Life Value Calculator iPad app gives users a range of their economic value based on current income and debt, as well as expected lifetime earning capacity—and Securian says it might make users “think twice about their life insurance coverage.”