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Two family-owned jewelers prove the luxury
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The job losses likely stem from unseasonable weather; meanwhile, a declining number of Minnesotans seeking jobs helped lower the state’s unemployment rate by 0.1 percent.
St. Cloud-based scrapbooking company Creative Memories filed for bankruptcy for the second time in five years and plans to lay off 163 employees.
The first three Target stores in Canada were met with mixed reviews as some Canadian customers believed prices were too high.
Metro Transit is seeking to hire more than 100 bus drivers to replace those who will become train operators for the new Central Corridor light-rail system.
Dayton and lawmakers confirmed on Tuesday that state and Brooklyn Park officials have been working to entice a mystery Fortune 500 pharmaceutical company to come to Brooklyn Park by using a variety of business development tax incentives.
Shirley Weis is credited with transforming Mayo Clinic during her tenure as chief administrative officer, a role in which she oversees virtually all of the organization’s business operations.
The buyer, a San Francisco-based investment firm, signed a long-term contract with Minnetonka-based Carlson Rezidor Hotel Group, which owns the Radisson Blu Brand, to manage the hotel; renovations will begin later this year.
Target is now expecting its adjusted first-quarter earnings to be slightly below what it previously projected, but it remains confident in its full-year forecast.
Biotech company BioAmber, which first announced in 2011 that it planned to go public, has lowered the amount that it hopes to raise through its initial public offering.
The company’s quarterly earnings were in line with analysts’ expectations, but mortgage-banking revenue fell 11 percent, causing a decrease in net revenue.
Among other priorities, legislators must assemble omnibus bills into a workable whole that will fund state programs and projects for the biennium that starts in July.
While Mayo Clinic’s request for expansion funding is being considered at the Capitol, 38 percent of Minnesota business leaders said in a recent poll that they support state funding for the project.
St. Paul-based McGough Construction, whose former projects include Twin Cities landmarks such as the Guthrie Theater and the Ordway Center, has been selected to build Surly’s so-called “destination brewery.”