The company recently bought Iowa-based Mason City Business Systems, Inc., which expands its presence in the state and marks the company’s biggest acquisition to date.
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The company, citing a downturn in the global electronics market, cut roughly 20 positions, and the reductions were split between its Minnesota headquarters and its Singapore operations.
According to Bloomberg, Cerberus Capital Management LP—which was previously considering making a bid for the company as a whole—might instead seek control of its two largest chains, Albertsons and Save-A-Lot.
Target’s collaboration with Neiman Marcus got off to a slow start, according to a report; in a move unrelated to the partnership, Target Chief Marketing Officer Jeff Jones said in a new video that the retailer will focus on “content instead of campaigns.”
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Target’s collaboration with Neiman Marcus got off to a slow start, according to a report; in a move unrelated to the partnership, Target Chief Marketing Officer Jeff Jones said in a new video that the retailer will focus on “content instead of campaigns.”
TechForward accused Best Buy of stealing its concept for a buy-back program; Best Buy said it “completely disagrees” with the size of the award in the case and plans to “vigorously challenge this verdict.”
Despite warnings from economists that the “fiscal cliff” could have dire consequences for the U.S. economy, more than half of those who responded to a recent poll indicated that it might be sensible to take the plunge.
The company said “there is no formal targeted breakdown” for layoffs by state; it plans to reduce its work force through job cuts, by hiring fewer contractors, and through natural attrition.
Eagan-based Prime Therapeutics and Bloomington-based The Nerdery are among 100 companies from across the country that received “Hire Power Awards.”
U.S. Bancorp CEO Richard Davis anticipates “substantially lower” revenue growth next year, due to which the company plans to open fewer branches.
Recently-formed Silver Bay Realty Trust Corporation, which will buy distressed properties for rental and resale, is hoping to raise between $238 million and $265 million through an initial public offering.
Upscale retailer Saks Fifth Avenue’s discount division will open a 28,000-square-foot anchor store at a planned outlet mall in Eagan.
The Hastings-based company has more than 1.5 million members at its clubs; on average, a new gym opens every 36 hours, and a new member joins every three minutes.
Aetrium recently declared a proxy vote moot because a group of dissident investors was unable to establish a quorum; the investor group is now suing the company and accusing its directors of a “gross violation of shareholder rights.”
The city’s permitted construction projects surpassed the $1 billion mark for the first time since 2000.
Wipfli has acquired Eikill & Schilling, a consulting and accounting firm with offices in Duluth and Cloquet.
In addition to being named chief executive, David Gagne has joined Winland Electronics’ board of directors.
On Tuesday night, the Shakopee City Council will discuss Emerson’s request for a $6 million assistance package; an Emerson spokesman said Shakopee is one of “multiple options” that it’s considering for expansion.
The union representing American Crystal Sugar’s locked-out workers said that 55 percent of voting workers rejected the company’s offer—the same offer that Crystal Sugar has extended three other times.
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