Corn and soybean prices, which are being driven up by this year’s drought, continue to impact local poultry and egg companies; ultimately, the drought is expected to drive up consumer prices.
Industry
Residential real estate brokerage firm HomeServices of America has formed a new joint company that will launch a real estate brand called Berkshire Hathaway HomeServices and more than quadruple its network of brokers from about 16,000 to more than 69,000.
Bibelot and Patina are
the fraternal twins of
local gift boutiques.
In early 2013, Sebesta Blomberg plans to move its headquarters from Roseville to St. Paul; Hawkins, Inc., will then relocate its corporate office from Minneapolis to the Roseville space.
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In early 2013, Sebesta Blomberg plans to move its headquarters from Roseville to St. Paul; Hawkins, Inc., will then relocate its corporate office from Minneapolis to the Roseville space.
The company, which has hired 22 people in the metro area this year and anticipates additional hires in the near term, recently relocated to a larger office space.
Wells Fargo said that it will consolidate three suburban locations over the next three years and shift about 1,000 workers to the Metropoint complex in St. Louis Park, where it just signed a long-term lease.
Graves 601 Hotel Wyndham Grand and The Saint Paul Hotel ranked eighth and ninth, respectively, on Condé Nast Traveler’s list, which was compiled based on reader ratings.
Some Minnesota companies that were forced to close their East Coast locations as Hurricane Sandy hit the coast Monday reopened stores on Tuesday; meanwhile, U.S. stock markets remain closed but are expected to reopen Wednesday.
The legendary radio personality starts a podcast—a business venture
he contends is designed to pave his path out of radio.
According to an annual survey by Deloitte, local consumers plan to boost their spending on gifts by about 3 percent but decrease their overall holiday budgets by the same percentage; the majority of Twin Citians also expect the economy to improve in 2013.
Mark Phillips, who became DEED commissioner in January 2011, said he was “a good fit for a good part of the DEED work” but didn’t enjoy the administrative part of his role; he plans to retire in about five years and wanted to end his career in the private sector.
LuAnn Via, who has overseen retail brands including Payless ShoeSource, Lane Bryant, and Cacique, will attempt to return Christopher & Banks to profitability.
Taylor-Wharton International, which has more than $200 million in annual revenue, is moving its corporate headquarters to Minnetonka and will relocate up to 30 jobs, with plans to hire new employees in the Twin Cities.
In an attempt to become more nimble, Best Buy has opted to eliminate a layer of top management in its U.S. operations as the company continues to face declining sales.
The medical device giant said that the letter contained “11 observations” about its manufacturing plant in Sylmar, California; St. Jude vowed to respond to the FDA by November 7 and said it “has initiated efforts and redirected resources to address the FDA’s observations.”
Studio/E helps professionals think afresh in a time when the old approaches to success don’t work as well as they used to.
3M, Tennant, and Donaldson recently lowered their earnings outlooks, citing current economic conditions.
Kraft plans to move its Velveeta line of products and another production line out of New Ulm but boost production of processed cheese at that plant; the shifts will eliminate roughly 80 full-time equivalent hourly positions and 10 salaried positions next year.
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