It appears that Gov. Mark Dayton is set to eliminate the gift tax, which he signed into law last spring.
Industry
Castlelake recently closed on $1.4 billion in new capital commitments, bringing its total managed assets to $3.6 billion.
Bixby Energy Systems founder Robert Walker was convicted on 17 counts of criminal conduct, including witness tampering and defrauding investors, after just a day and a half of jury deliberation.
Less than a month after the company’s CEO resigned, Famous Dave’s chose to fire its president and chief operating officer.
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Less than a month after the company’s CEO resigned, Famous Dave’s chose to fire its president and chief operating officer.
The Bloomington mall confirmed recently that, after closing on $300 million in financing, it plans to add a 700,000-square-foot expansion.
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.
Bloomberg News reported that the Minnesota company is working with Goldman Sachs to sell some of its business units piecemeal.
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.
Attorneys general from 42 states, including Minnesota, are advocating for patent reforms that they say would protect businesses from the threat of unnecessary litigation.
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.
Profits at Minnesota-based banks climbed more than 17 percent in 2013, outpacing the national growth rate of 9.6 percent.
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.
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