Consolidated Container Company plans to acquire Moorhead-based Roffe Container and build a new manufacturing facility in Lakeville, where it will add jobs.
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Chris Coleman’s proposed 2013 budget would reduce spending by $1 million, increase the property-tax levy by 1.9 percent, and restore $1 million in funding to the police department.
The move marks the brand’s first foray into Europe, where the company plans to continue to expand.
Julian Okeayaninneh was sentenced to 27 years in prison for overseeing the fraud scheme; Olugbenga Adeniran, who authorities called a “high-level manager in the conspiracy,” was sentenced to roughly 22 years.
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Julian Okeayaninneh was sentenced to 27 years in prison for overseeing the fraud scheme; Olugbenga Adeniran, who authorities called a “high-level manager in the conspiracy,” was sentenced to roughly 22 years.
Tokyo Electron Limited has agreed to buy Chaska-based FSI for $6.20 per share in cash—a 53 percent premium over Friday’s closing price.
The new headquarters will reportedly be located in a building next door to a technical center that MOM Brands has operated since 2009; the two buildings together comprise 165,000 square feet and are spread across 20-plus acres.
The new name, XRS, stands for Xata Road Science—and it was driven by the company’s new mobile cloud platform, which was designed to slash trucking costs and help fleets and drivers remain compliant with federal and state regulations.
The board of directors decided to dismiss President and CEO Kenneth Aubrey, citing the company’s underperformance; meanwhile, board member Michael Doyle resigned because he disagreed with the decision.
ATM Network’s 25 employees have joined Cardtronics, and its Minnetonka headquarters will become Cardtronics’ Midwest hub.
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.
Year-to-date, the number of new business filings in Minnesota is up 16 percent from the same period last year.
Richard Schulze has reportedly recruited KKR & Company, Leonard Green & Partners, TPG Capital, and Apollo Global Management to help bankroll his proposed buyout.
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.
CEO Greg Page said that “cyclical trends” in the global soybean processing and North American beef industries led to decreased margins in two of Cargill’s operations.
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.
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.
Larsen Cooperative has approved a merger with CHS, which is expected to be completed in September.
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