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.
Industry
U.S. Bancorp CEO Richard Davis anticipates “substantially lower” revenue growth next year, due to which the company plans to open fewer branches.
The city’s permitted construction projects surpassed the $1 billion mark for the first time since 2000.
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.
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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.
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.
In addition to being named chief executive, David Gagne has joined Winland Electronics’ board of directors.
Upscale retailer Saks Fifth Avenue’s discount division will open a 28,000-square-foot anchor store at a planned outlet mall in Eagan.
Wipfli has acquired Eikill & Schilling, a consulting and accounting firm with offices in Duluth and Cloquet.
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 amended deal does not include Champion Technologies’ refinery unit, which Ecolab believes was the subject of government concern over potential anticompetitive issues.
Citing an unnamed “person familiar with the matter,” The Wall Street Journal said that private equity firm Cerberus Capital Management, LP, is considering a deal to buy Supervalu’s entire business and another to purchase just its Albertsons stores.
Ken Cutler, who joined the firm almost 40 years ago, will serve a three-year term as managing partner; he succeeds Marianne Short, who’s leaving for UnitedHealth Group on January 1.
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.
A roundup of delicious gifts from local purveyors.
Can a local company turn a Breathalyzer into an entertaining saloon pastime?
Blake Hastings, who most recently served as senior vice president at the Phoenix office of Cassidy Turley, will succeed the longtime leader at CBRE's Minneapolis office.
The Grand Rapids-based company, which already reclaims iron ore from mining waste at plants in Keewatin and Taconite in northern Minnesota, will invest an estimated $120 million in the new plants, each of which will reportedly employ about 120.
The federal grant will enable university researchers to develop membrane technology that can speed up filtration processes in manufacturing and make them more energy efficient.
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