The Bloomington mall confirmed recently that, after closing on $300 million in financing, it plans to add a 700,000-square-foot expansion.
Industry
Claiming to have the majority market share of its industry, American Surplus and Manufacturing is opening a new facility in Pine River that it said will bring 20 jobs to the city.
The fourth-quarter expansions brought the annual total to 146 in Minnesota, which are expected to create nearly 8,000 jobs in the state.
Northwestern Mutual plans to add 107 financial representatives and 195 interns at several offices throughout Minnesota.
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Northwestern Mutual plans to add 107 financial representatives and 195 interns at several offices throughout Minnesota.
Mayo Clinic said it beat expectations in 2013, and CEO John Noseworthy, who recently spoke to Twin Cities Business about the future of health care, highlighted ongoing initiatives.
Best Buy swung to a profit in its fourth quarter but is reportedly planning to cut up to 2,000 managers across the country.
3M ranked 23rd and Target 29th, although both fell several spots from last year’s list.
Bloomberg News reported that the Minnesota company is working with Goldman Sachs to sell some of its business units piecemeal.
Profits at Minnesota-based banks climbed more than 17 percent in 2013, outpacing the national growth rate of 9.6 percent.
Target’s profits fell 46 percent in the fourth quarter, dropping from $1.47 per share to $0.81 per share; Target attributed $0.40 of the loss to its Canadian segment and $0.02 per share to the data breach.
Attorneys general from 42 states, including Minnesota, are advocating for patent reforms that they say would protect businesses from the threat of unnecessary litigation.
Although Twin Cities home sales, new listings, and pending sales were down in January, a new report attributes the slowdown to cold weather, not to long-term weakness in the market.
Hy-Vee, which has 235 stores in eight states, is planning to add several stores in the metro area.
Caribou Coffee added a variety of new bakery offerings Tuesday and plans to follow them up with hot sandwiches in a few months, as well as snacks like hummus and pita bread later this year.
University of Minnesota researchers say that resilient wine grapes developed by the university are key contributors to an industry whose economic impact exceeds $400 million.
The legislative session that begins Tuesday will focus on the recent bonding bill, the minimum wage, business-to-business taxes, and the state’s projected budget surplus.
St. Francis Campus Credit Union is the subject of a federal investigation, and its assets have been acquired by the larger Central Minnesota Credit Union.
A program that was born in Minnesota and provides pro bono legal services to lower-income inventors was highlighted as the president outlined new patent reforms.
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