The move comes less than three months after John Gilbert took the reins as CEO, and through it, the company aims to boost profits by at least 1 percent.
Industry
Imperial Plastics reportedly plans to build a 69,120-square-foot facility in Mankato, where it intends to employ 125 people.
The state’s unemployment rate fell 0.2 percent as Minnesota employers added 10,800 jobs in November; the trade, transportation, and utilities sector—which includes the retail industry—added the most jobs during the month.
Verso Paper, which shuttered its Sartell Paper mill following a fire that killed one worker, has reportedly paid a $39,200 fine after being cited for two violations by the Occupational Safety and Health Administration.
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Verso Paper, which shuttered its Sartell Paper mill following a fire that killed one worker, has reportedly paid a $39,200 fine after being cited for two violations by the Occupational Safety and Health Administration.
Tom Horner, who co-founded PR firm Himle Horner in 1989 and later sold his stake when running for Minnesota governor, has joined forces with his daughter to launch Horner Strategies, LLC.
Stephen Gillett, who leaves at a time when Best Buy is trying to boost its share of the online market, will serve as executive vice president and chief operating officer at Symantec—a major Best Buy vendor.
Strong international sales helped fuel a 22 percent jump in second-quarter profits; the company’s Yoki Alimentos business in Brazil, which it bought earlier this year, contributed.
Heartland Advisors, Inc., which said it owns about 9 percent of Analysts International, is urging the company to pursue a merger or sale.
At least one securities analyst believes Caribou could fetch a higher purchase price, while another said that the $16-per-share offer accounts for the chain’s growth potential as well as its recent “choppy” financial performance.
Vélo, which will cater to residents with active lifestyles, will offer 101 luxury units and its first level will include 12,000 square feet of retail space.
IronGate Data Centers is already preparing a 270,000-square-foot expansion to its 85,000-square-foot east metro data center; the company aims to attract “very large users” from the East Coast.
Tokyo-based Sumitomo Chemical now owns a 76 percent stake in local insect control business MGK.
The health care insurer, which pushed out its former chief executive in July, has appointed Michael Guyette as its next leader.
The Joh. A. Benckiser Group, a German holding company that recently purchased a majority stake in California-based Peet’s Coffee & Tea, has agreed to pay $16 per share in cash to acquire Caribou Coffee.
Best Buy’s stock, which had jumped Thursday on speculation that Richard Schulze was poised to make a takeover bid, returned Friday to where it had been trading previously, following news that Schulze’s deadline has been pushed back to February.
The users of dining-reservation platform OpenTable selected The Capital Grille and Restaurant Alma as two of the top 100 U.S. restaurants.
Appert’s President Joe Omann said that Sysco plans to retain the company’s 300 workers, and being acquired by an industry leader will likely lead to additional growth in Minnesota.
Korn/Ferry International said it will pay between $80 million and $95 million to acquire Minneapolis-based PDI Ninth House, a provider of talent management and leadership development solutions.
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