Best Buy’s new CEO Hubert Joly has outlined some initial plans but said his blueprint for turning the business around will come in several installments; meanwhile, some analysts think he could remain in the top spot even if a private takeover were to occur.
Industry
After the Department of Justice threatened to sue, 3M Company and Avery Dennison Corporation said that they will address antitrust concerns in order to receive regulatory clearance for 3M’s proposed acquisition of Avery Dennison’s office products unit.
New York Mills-based Lund Boat Company and its parent company reached a settlement with the federal government over alleged hiring discrimination; the companies admitted no wrongdoing.
The Minnesota Housing Partnership also found that about half of Minnesota renters paid more than they could afford for their homes in 2010.
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The Minnesota Housing Partnership also found that about half of Minnesota renters paid more than they could afford for their homes in 2010.
If the deal is approved, the merged company will have 1,500 physicians and operate under a single board of directors.
Anser Innovation’s PetChatz device, through which pet owners can communicate with their furry friends remotely and even dispense treats, is one step closer to a launch.
Life Time acquired New Leaf software and support materials, product inventory, trademarks, and websites from MGC Diagnostics.
Lennar is adding “home-within-a-home” floor plans to its Minnesota product lineup; the company said it is tapping into a growing trend of multiple generations living together.
Construction of 36 Park, a 192-unit luxury apartment building, is expected to be completed in March.
The fair attracted 1,788,512 people this year—up 1 percent from last year’s attendance and narrowly missing the all-time record set in 2009.
The Nicollet Mall property hopes to transform itself into a luxury hotel that will compete with the Hilton Minneapolis and the Hyatt Regency Minneapolis—and that will attract more corporate travelers during the work week.
Buffalo Wild Wings isn’t the first Minnesota company expanding to western North Dakota, where oil production has spiked in recent years.
Rêve Consulting blends “technical acumen and heart” in their strategic consulting practice.
The art museum is one of 10 finalists for this year’s “America’s Best Restroom” contest.
St. Jude expects that the changes will reduce its pre-tax operating expenses by between $50 million and $60 million annually beginning in 2013.
Wells Fargo’s NeighborhoodLIFT program will offer down payment assistance of up to $15,000 to qualified homebuyers seeking to purchase a home in Minneapolis or St. Paul.
Eric Dayton and Andrew Dayton haven’t revealed specific plans for the new property, for which they paid $825,000.
CEO Wayne Sales said Wednesday that a restructuring of Supervalu’s leadership team is “designed to address two of our most immediate priorities: driving profitable sales in our retail stores and taking costs out of the business.”