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.
Industry
St. Cloud-based scrapbooking company Creative Memories filed for bankruptcy for the second time in five years and plans to lay off 163 employees.
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.
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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.
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.
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.
Atomic Data expects 2013 revenue to reach between $16 million and $18 million in light of the acquisition, which also added five employees to its roster.
After rejecting essentially the same offer four times, 55 percent of voting union members on Saturday voted to ratify the contract and end a drawn-out, contentious labor dispute.
Joh. A. Benckiser has agreed to acquire D.E. Master Blenders 1753, marking its third major acquisition in the coffee and tea industry during the past year.
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.”
Sanford Health’s CEO said the company has a policy of “only going where we are invited,” and the University of Minnesota and Fairview have opted to strengthen their existing relationship rather than pursue a new one involving an ownership transfer.
Burnsville-based Rixmann Companies has debuted a new retail store called PA Exchange, which specializes in new and second-hand goods.
Xcel Energy contends that even if Boulder, Colorado, establishes a city-run utility, the municipality does not have the legal right to provide electric services outside city limits.
Television, radio, newspaper, and online ads funded by a group called United for Jobs target the governor’s plan to increase taxes and spending.
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