During R.T. Rybak's 12-year tenure, Minneapolis has paid down $241 million in debt and cut spending by 16 percent.
Industry
The sale aligns with the struggling company’s efforts to evaluate “non-core” assets, cut costs, and refocus on its North American salon operations.
The U.S. Postal Service still expects to add 400 new carrier assistants in Minnesota despite Congress’ move to thwart a shortened mail week.
Saint Paul Chamber Orchestra musicians, who have been locked out since October, have agreed to vote on management’s latest offer, although management must first reach a separate agreement with a national union.
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Saint Paul Chamber Orchestra musicians, who have been locked out since October, have agreed to vote on management’s latest offer, although management must first reach a separate agreement with a national union.
Governor Mark Dayton focused on higher education and Capitol renovations in his $750 million bonding proposal, which also calls for Nicollet Mall to be reconstructed.
A deal reached between Ecolab and the U.S. Department of Justice requires Ecolab to sell Champion’s chemical-management services for deep-water oil and gas wells in the U.S. Gulf of Mexico—which comprise about 3 percent of its business.
Musicians rejected the latest contract offer but then proposed a few amendments—just hours before management was scheduled to meet and discuss the organization’s future.
A day after Attorney General Lori Swanson pressed for information at a hearing at the state Capitol, state lawmakers reportedly introduced bills that would place a moratorium on the sale of University of Minnesota hospitals to an out-of-state company.
The high cost of feed ingredients fueled by a national drought was among the factors that caused Cargill’s third-quarter earnings to drop from $766 million to $445 million.
Just months after being taken private, Caribou Coffee is closing 80 locations in several markets; its new owner, meanwhile, will convert another 88 locations into Peet’s Coffee & Tea stores.
David Kaysen, president and CEO of Minnetonka-based Uroplasty, stepped down from his roles on April 5.
The North Dakota Supreme Court denied a request to reconsider its recent ruling, which deemed locked-out American Crystal Sugar workers eligible for unemployment benefits.
The 30,000-square-foot facility is “focused specifically on fulfilling the needs of firearms enthusiasts,” and it will feature thousands of new and used guns.
An omnibus jobs and economic development bill in the Minnesota House proposes a new program aimed at creating a skilled work force to fill manufacturing jobs.
As part of a larger gun-safety campaign, the hood of a Gander Mountain-sponsored Nascar race car will feature the phrases “With Rights Comes Responsibility” and “Secure Your Firearms.”
Best Buy will house mini Samsung retail stores within all roughly 1,400 of its locations.
The retailer said that calling the same style of dress in the exact same color “manatee gray” for the plus-size version and “dark heather gray” for standard sizes was an “unintentional oversight” that it’s working to fix.
CHS’ energy segment saw quarterly earnings triple, helping to push the company’s total earnings past its 2008 record.