Following disappointing quarterly financial results and amid a review of “strategic alternatives,” including a possible sale, Supervalu has dismissed its CEO.
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Minneapolis is now accepting proposals from developers to build 100 “green” homes in North Minneapolis over the next five years using $3 million in grants and loans.
The company has signed franchise agreements to open locations across the Middle East and in Puerto Rico over the next few years; it also plans to open 70 new locations in the United States and Canada this year.
The Minnesota Department of Employment and Economic Development will begin accepting applications in November for the $12 million in credits that’s available next year.
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The Minnesota Department of Employment and Economic Development will begin accepting applications in November for the $12 million in credits that’s available next year.
Credit rating agency Moody’s predicted that Merrill Corporation, if it defaulted on its debt agreements, could take one of three paths: a full refinancing with existing and/or new lenders, an out-of-court debt restructuring, or bankruptcy.
The leader of the AFL-CIO pledged support for the local union that represents workers who were locked out by American Crystal Sugar, saying that the organizations are “escalating their campaign for fairness and justice at the company.”
The retailer released preliminary second-quarter financial results showing year-over-year improvement, a move that’s presumably in response to recent criticism from an investor and would-be buyer.
Union, a new restaurant planned for the downtown Minneapolis space, will feature American cuisine and a rooftop dining area with a retractable glass roof.
The St. Paul-based bank, which was founded in 1915, will become a wholly owned subsidiary of American National Corporation but will retain its headquarters and name.
After experiencing more than $17 million in losses at its Hong Kong office over the past 18 months, Piper Jaffray Companies has decided to close the office and expects the closure to boost its financial performance.
Greenlight Capital told investors that Best Buy is “trying to come up with a strategy” following the departures of CEO Brian Dunn and Chairman Richard Schulze, which could lead to additional “business disruption.”
Barbara Kaye Rechtzigel is accused of stealing money from the CD accounts of customers of Minnwest Bank in Marshall.
The supermarket chain’s board of directors has approved issuing non-qualified stock options and retention agreements to CEO Craig Herkert, Chief Financial Officer Sherry Smith, and Executive Vice Presidents Janel Haugarth and Andrew Herring; the options and retention payments vest over time.
Target said that a recently announced interchange fee settlement “would perpetuate a broken system, restrict retailers from any future legal action, and offer no long-term relief for retailers or consumers.”
The company, Flagstone Foods, is hiring for more than 30 positions at its new headquarters building.
The venue, which is now called Mill City Nights, said that it has renovated the club to create a “smaller, more intimate venue that is certain to deliver on customer expectations.”
Local hotel rates are also likely to increase next year, but Twin Cities car rentals are expected to go down in price, according to a report by Carlson Wagonlit Travel.
Medina-based Polaris Industries and New Delhi-based Eicher Motors Limited will together form a company and invest about $50 million over the next three years to develop a new line of vehicles for India and other emerging markets.
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