The Austin-based company is rumored to be eyeing Hillshire Brands Company, whose brands include Jimmy Dean sausages, Ball Park hot dogs, and Sara Lee.
Industry
Pinkberry is the latest in a series of frozen yogurt shops to spring up in the Twin Cities—although, with more than 175 locations in 17 countries, it’s among the largest to establish a presence here.
The company said that its 26 percent drop in quarterly profits was due to $245 million in litigation expenses and the impact of foreign currency rates.
Dorsey & Whitney Managing Partner Marianne Short is leaving the firm at the end of this year to join UnitedHealth Group as chief legal officer.
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Dorsey & Whitney Managing Partner Marianne Short is leaving the firm at the end of this year to join UnitedHealth Group as chief legal officer.
Best Buy’s stock price dropped as the company confirmed its expected decrease in quarterly earnings and same-store sales; meanwhile, founder Richard Schulze and CEO Hubert Joly will reportedly meet this week.
The site was reportedly down for about an hour on Monday morning, and some customers got stuck online waiting for purchases to go through.
The Cleveland-based company will idle two of the four production lines at its Northshore operations in Minnesota while also reducing iron ore production elsewhere; the company said the changes are meant to “align with expected sales volumes.”
An annual study found that Twin Cities residents plan to spend $773 per household on holiday gifts this year, up from $703 last year.
The retailer’s third-quarter financial results benefitted from the planned sale of its credit-card business; meanwhile CEO Gregg Steinhafel offered a positive outlook going into the important holiday shopping season.
A new lawsuit reportedly accuses the bank of turning a blind eye to Tom Petters’ fraud; BMO Harris Bank, which acquired M&I, denies the claims.
Launched to promote job creation in the state, Jobs for Minnesotans will support proposals to bring mining of copper and other metals to northeastern Minnesota—which it claims will create thousands of jobs.
Knowledge Marketing, Outsell, and SPS Commerce made Deloitte’s annual ranking, which is based on revenue growth over the past five years.
The company plans to rename the just-acquired dealership Chevrolet of Delano and make its power sports division a standalone dealership; the acquisition is the latest in a series of dealership purchases that it has recently made.
The new name, “Edmentum,” takes effect immediately; the company, which was acquired by a private equity firm in 2010, has since made key acquisitions that have expanded its offerings.
The state's unemployment rate remained unchanged at 5.8 percent last month; the professional and business services sector shed the most jobs, while other sectors, like construction, added jobs.
Hubert Joly also reportedly plans to expand Best Buy’s private-label business and is considering leasing consumer electronics to homeowners and then generating fees from connecting and updating devices.
Stream Global Services will fill about 50 jobs immediately and another 100 within the next few months; all 150 employees will serve a single unnamed client in the entertainment industry.
A company executive said that opening stores on the evening of the holiday will create an “after-dinner shopping event that the entire family can enjoy”—but more than 190,000 people have signed an online petition protesting the decision.
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