Chris Heim and Dan Mayleben, who specialize in acquiring and growing software firms, plan to expand their latest purchase, Axium, organically and through acquisitions.
Industry
Following the sale of 877 stores to an investor group led by Cerberus Capital Management, Supervalu will replace CEO Wayne Sales with Sam Duncan, a retail veteran who most recently led OfficeMax.
The Metropolitan Council awarded a $545,300 grant for environmental cleanup at a Minneapolis site that the craft brewer is exploring—and the Minnesota Department of Employment and Economic Development has approved another $1 million in cleanup funding.
The band’s leaders did not disclose the names of the hotels, although sources told local news outlets that they are the Crowne Plaza and DoubleTree in downtown St. Paul.
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The band’s leaders did not disclose the names of the hotels, although sources told local news outlets that they are the Crowne Plaza and DoubleTree in downtown St. Paul.
The 60,827 new filings within the state represented the second-highest annual total in Minnesota’s history; the record was set in 2009, but that spike was partly attributed to a change in filing practices.
The Litchfield-based egg producer said several individuals were detained on “administrative charges,” which are reportedly used in cases when people are suspected of immigration violations.
The positive results mark the second consecutive quarter of significant growth following a dismal conclusion to the company’s last fiscal year.
The medical device giant said it would make improvements to its processes and address specific concerns raised during an inspection of its Sylmar, California facility.
Minnesota health care companies attracted $164.7 million in 2012, down 26.2 percent from 2011; still, the state received the second-highest funding amount among the region’s 11 states.
Bell State Bank & Trust’s parent company is acquiring Minnetonka-based The Business Bank and its mortgage division; together, the two companies originated nearly $3 billion in mortgages last year.
Barry Judge, who joined Best Buy in 1999 and left in May 2012, is among at least half a dozen key leaders who left the electronics retailer last year.
The retailer said that it received positive feedback about its holiday online price-matching policy and is extending the program throughout the whole year.
Marvin and Canadian rival Loewen Windows will face off Saturday in an international border battle for bragging rights on the hockey rink.
Union President Michelle Sommers said “a lot of [members] feel that the way things have gone everywhere else in the country, it wasn’t a bad deal overall.”
David Denham, who previously served as chief growth officer at Colle+McVoy, has joined cross-town agency Space150 as chief strategy officer.
U.S. Bancorp said that its portion of the $8.5 billion settlement includes $80 million in cash and about $128 million in mortgage assistance services; Wells Fargo, meanwhile, will pay $766 million in cash.
This year’s local attendees will include 3M Company, which will showcase an 84-inch touchscreen table prototype, Canopy Company, which offers a touch-enabled iPhone case, and Finder Codes, which developed a QR code-based lost-and-found system.
Shares of U.S. Bancorp and TCF Financial Corporation—the state’s largest bank-holding companies—climbed about 17 percent last year.
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