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.
Industry
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.
Imris, Inc., will relocate about 60 employees from its current home office in Winnipeg and hire local residents for an additional 70 positions.
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Imris, Inc., will relocate about 60 employees from its current home office in Winnipeg and hire local residents for an additional 70 positions.
The fast-growing fitness center chain said that it has bought hair-removal company Waxing the City, which will open its first Minnesota location in Woodbury next month.
Hutchinson Technology’s second-largest shareholder is encouraging the company to consider selling one of its divisions and to explore other alternatives if it’s unable to return to profitability during its current fiscal year.
Last year, the event raised $13.56 million for Minnesota nonprofits and charities.
Best Buy, which has been restructuring its leadership team under CEO Hubert Joly, said that former Williams-Sonoma Chief Financial Officer Sharon McCollam will succeed outgoing CFO James Muehlbauer.
Roughly 25 products in Target stores nationwide and more than 300 products on Target’s website now feature reviews written by editors at technology news website CNET.
Copenhagen, Denmark-based Secunia, whose software portfolio helps corporate and private customers manage and control vulnerabilities across their IT networks, plans to open its Minneapolis office at the beginning of 2013.
Eden Prairie-based IrriGreen, having advanced from the Cleantech Open’s North Central Region competition, will compete Thursday and Friday on the national stage for a grand prize of $250,000 in investments and services.
3M CEO Inge Thulin said the company aims to grow revenue from existing businesses by 4 to 6 percent annually between 2013 and 2017; meanwhile, the company hopes to increase earnings per share by 9 to 11 percent each year during that period and boost research spending to 6 percent of sales by 2017.
The Burnsville-based retailer expects that the acquisition will make it a nearly $1.5 billion company.
Following the sale of its business that produces shelf-stable cheese sauces and puddings, Associated Milk Producers will shutter its plant in the small west central Minnesota city of Dawson, laying off 130 workers.
The bank donated the time of one of its iPhone app designers to create the app, which aims to help The Salvation Army meet its goal of filling 120,000 one-hour time slots at 400 locations across the Twin Cities.
The retailer, which has announced plans to open 10 new U.S. stores next year, said it will close four existing locations “after careful consideration of the financial performance” of each of them.
The Plymouth-based travel agency operator said that the acquisition will add about $850 million in total sales volume to its bottom line.
Hundreds of lawyers and poll watchers are reportedly stationed throughout the state this election day; meanwhile, some voters have encountered long lines, and the state’s business leaders await the outcome of the election and its impact on their companies.
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