Chris Askew now oversees Best Buy’s Geek Squad and reports to CEO Hubert Joly.
Industry
Although the deal likely won’t be finalized until 2014, the 100,000-square-foot building on Nicollet Mall is officially off the market, and the energy company hopes the new location will benefit its branding efforts.
Thirty of Minnesota’s wineries are offering free tastings for those carrying a “Discovery Passport”—which costs $25 and is good for 10 free tastings and other special winery offers.
The Minnesota hearing aid maker is renovating its 122,000-square-foot facility to make room for future work force growth.
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The Minnesota hearing aid maker is renovating its 122,000-square-foot facility to make room for future work force growth.
The company said its second-quarter earnings rose nearly 14 percent, and it also acquired San Francisco-based VerticalResponse.
The agriculture equipment manufacturer recently broke ground on a 67,000-square-foot facility in the small Minnesotan town of Norwood Young America and plans to hire 15 new employees.
The positive results were driven by increased sales across all of Arctic Cat’s product categories.
Eden Prairie-based Intensity Analytics Corporation said it will use the funding to expand its technology, increase staff, and strengthen its position in the cyber security industry.
A former OfficeMax executive is set to replace 26-year Supervalu veteran Sherry Smith as chief financial officer, effective August 7.
A study that took into account hours worked each week, average commutes, and median earnings found that Mankato is among the best cities for those seeking a healthy balance between work and leisure.
An environmental group is asking Minneapolis to exclude CenterPoint Energy if it creates a November referendum about the city taking over utilities; however, it isn’t making that same request about Xcel Energy, which opposes the “municipalization” concept.
On Monday, senior executives from LG Electronics USA and Best Buy introduced a new 55-inch high-definition TV to the U.S. market at Best Buy’s store in Richfield.
Uroplasty appointed its interim CEO, Robert Kill, to the roles of president and CEO. Chief Financial Officer Mahedi Jiwani—who was placed on leave during an internal review—has now retired.
About 10 percent of Wells Fargo’s recent home mortgage division job cuts took place in Minnesota, where the bank is the state’s eighth-largest employer.
The company’s second-quarter net profits and sales both doubled, due largely to a 2012 merger.
Minneapolis is considering adding a November ballot measure about whether to form a city-owned utility; meanwhile, the Minneapolis Chamber of Commerce and Xcel Energy, which would lose a contract if the city created a utility, have criticized the process.
TSI plans to add about 50 percent more jobs to its corporate headquarters over the next four to five years to occupy its 58,000-square-foot expansion.
The Medina-based company reported double-digit growth in both earnings and revenue, and it’s gearing up for much-anticipated product launches.
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