Richard Schulze has reportedly recruited KKR & Company, Leonard Green & Partners, TPG Capital, and Apollo Global Management to help bankroll his proposed buyout.
Industry
The partnership between Target and Best Buy, which owns the Geek Squad, is part of a pilot program through which one Minneapolis store and all 28 Denver-area stores will feature Geek Squad tech experts and services.
Minnesota’s solicitor general said 3M waited until “shortly after incriminating testimony” to file a motion to disqualify the state’s legal representation; 3M fired back, saying the firm has a conflict of interest.
A recent study found that low levels of education among Minnesota’s immigrants, many of whom entered the country as refugees, has raised the poverty rate.
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A recent study found that low levels of education among Minnesota’s immigrants, many of whom entered the country as refugees, has raised the poverty rate.
Larsen Cooperative has approved a merger with CHS, which is expected to be completed in September.
A new report by UnitedHealthcare found that most seniors expect their quality of life to remain consistent or improve during the coming decade—but many are financially unprepared.
Analysts reportedly say that Schulze’s efforts to reclaim the company with a team of Best Buy veterans could put the current board on the defensive and lead it to hire a chief executive who has more prominence in the retail sector than Interim CEO G. “Mike” Mikan.
Capella University said that the proposed marriage amendment will negatively impact local companies’ ability to attract and retain employees; Mayo Clinic, meanwhile, will reportedly not take a position on the proposed amendment.
The Minnesota Department of Commerce said it will start working with local governments to create a more streamlined process for installing solar panels.
Current CEO Wayne Fortun will take over as chairman following co-founder Jeffrey Green’s retirement from the position.
The Starkey Hearing Foundation raised $7.6 million at its 12th annual gala, which attracted celebrities Bill Clinton, Robin Williams, and Chevy Chase, among others.
Fitch Ratings and Standard & Poor’s both downgraded their credit ratings for Best Buy, saying that a buyout by founder Richard Schulze would add significant debt.
Marcus Fischer, who previously worked for Carmichael Lynch before joining Space150, has returned to the agency as part of its management team.
LCH Pavement Consultants, which Target hired in 2009 to oversee parking lot repairs and maintenance across the country, allegedly conspired with several other companies to inflate and fix prices, misrepresent work being done, and distribute kickbacks.
The mill’s owner, Verso Paper Corporation, already laid off most of the plant’s workers and has now decided to shutter the mill permanently.
Duluth-based Cirrus Aircraft will produce airframe components for ICON Aircraft’s light sport planes, which can take off and land on water or conventional runways.
The company also raised its revenue guidance for 2012, from about $71 million to between $75 million and $76 million.
The settlement includes $263,000, which Mayo has already paid to the government, and an additional $1 million payment.
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