Shares of Multiband Corporation’s stock jumped 25 percent on news that Goodman Networks will acquire it.
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The two Minnesota firms plan to merge on November 1, boosting Abdo, Eick & Meyers’ employee base to roughly 100.
Three local real estate developers submitted proposals to develop parking facilities near the new Vikings stadium development; stakes are high for Ryan Companies, which must win the contract in order to begin a planned $400 million redevelopment project involving a five-block area surrounding the stadium site.
The retailer’s first-quarter net loss totaled $81 million, and its revenue declined nearly 10 percent; cost-cutting initiatives and the shift in the timing of Super Bowl-related sales both contributed to the declines.
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The retailer’s first-quarter net loss totaled $81 million, and its revenue declined nearly 10 percent; cost-cutting initiatives and the shift in the timing of Super Bowl-related sales both contributed to the declines.
The PR firm’s local office made the cuts because revenue projections are “modestly less” than it previously anticipated.
Healthland, which provides health care IT solutions for rural hospitals and their affiliated care facilities, has acquired American HealthTech, which serves post-acute facilities.
Medical device manufacturer Medtronic has cut about 65 percent of the 2,000 positions it intends to eliminate and beat it’s fourth-quarter earnings expectations.
Delta Air Lines plans to expand its work force at its reservation call center in Chisholm, which currently houses about 500 full-time employees.
Target opened a new office in San Francisco that will focus on finding and fostering partnerships for technological innovation.
The trial for James Fry, who pleaded not guilty to charges related to Tom Petters’ Ponzi scheme, is reportedly expected to last two to three weeks.
Vascular Solutions’ CEO called a Boston Scientific product “one of the most blatant plagiarisms of a patented medical device that I have ever encountered”; Boston Scientific, meanwhile, said it believes the lawsuit is “without merit.”
Downtown Minneapolis restaurant Union is losing its top chef, who plans to open his own restaurant at the corner of 27th Street and Lyndale Avenue.
Minnesota Commerce Commissioner Mike Rothman announced Wednesday the $14 million settlement with Prudential that pertains to unclaimed death benefits.
Senator Amy Klobuchar discussed how to get more women into the skilled manufacturing work force at a hearing that included a Minnesota CEO who’s had difficulty hiring people.
Retail property management firm DDR, which co-owns Riverdale Village in Coon Rapids and 43 other U.S. shopping centers, said Wednesday it will buy out its joint venture partner in a $1.46 billion deal through which it will acquire 30 of the 44 centers.
The Minnesota House already approved and the Senate is poised to vote Thursday on the bill, which would provide as much as half a year in additional unemployment benefits to idled workers during labor disputes.
The company—which has offered car sharing on the University of Minnesota campus since 2005—has placed 40 vehicles throughout the city, and its rates range from $8.75 per hour to $72 for a 24-hour period.
A state official called April a “pretty bad month” but said that the slight decline in the unemployment rate signals a longer-term, more positive trend.
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