On the news of unexpectedly poor holiday sales, Best Buy’s stock fell nearly 30 percent Thursday and its CEO announced that the company would need to cut costs.
Economy
Governor Mark Dayton focused on higher education, Capitol renovations, and clean water investments in his most recent proposal.
Maurices released new details—including renderings—of its planned 11-story headquarters building in downtown Duluth.
The owner of the Mall of America’s Johnny Rockets’ restaurant is now also bringing a new create-your-own pizza franchise called Pizza Studio to the megamall, with plans for three additional restaurants in the Twin Cities.
Don Ness celebrated his 40th birthday on Thursday by accepting the Person of the Year award for his outstanding leadership in strengthening Minnesota’s economy and culture.
A “significant” amount of Snap Fitness shares are changing hands as TZP Capital Partners buys Summit Partners’ more than $200 million stake in the company.
The St. Paul Port Authority will market the site of the former Macy's store in downtown St. Paul for redevelopment, and it seeks a buyer that can bring its own financing to the table.
Minneapolis broke a record last year for the total value of construction projects it approved, which together were worth almost as much as the 2010 and 2011 projects combined.
The Nebraska-based hunting- and fishing-gear retailer said it plans to hire about 150 full-time, part-time, and seasonal employees this month for its Woodbury store, which opens this spring.
Call center rivals Stream Global Services and Convergys Corporation are expected to combine in the first quarter of 2014, which would create a company with about 125,000 employees at 135 different facilities.
Mayor Betsy Hodges: "In every part of Minneapolis, we must maintain and grow the middle-class backbone of our city."
Graco, Inc., bought QED Environmental Systems and EcoQuip in December for an undisclosed sum.
Entrepreneur magazine ranked Anytime Fitness at the top of its 2014 Franchise 500 list, up from sixth place the year before.
The Brewers Association said that, in 2012, the craft beer industry had a $741.85 million “economic impact” in Minnesota. And data from a local group corroborates that craft beer is a growing economic force.
Despite significant losses in local government jobs, Minnesota’s private sector employers added 2,400 jobs in November.
The company officially signed on to the deal, and its new downtown Minneapolis office towers are expected to house up to 5,000 employees.
Maple Grove has been chosen as the site for Price Mechanical’s new design center, which will also serve as the company’s U.S. headquarters and bring 40 new jobs.
3M released its 2014 earnings outlook and said it plans to spend between $5 billion and $10 billion on acquisitions over the next five years.