Aria Partners, which owns 4 percent of the women’s clothing retailer, has agreed to pay $1.75 per share and is taking the offer to shareholders; it said that an offer extended in May was “immediately dismissed.”
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A company spokesman said that the cuts, which will be implemented “over the next several weeks,” are part of a restructuring of the grocer’s marketing team.
Best Buy’s stock price jumped 10 percent Monday morning and ultimately closed up 6 percent as some sources speculated that a buyout offer is imminent; another report indicated that such an offer is still a ways off.
The company, which was accused of manipulating customers’ transactions to generate excess overdraft fees, said it has made changes to the way it handles customers’ accounts.
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The company, which was accused of manipulating customers’ transactions to generate excess overdraft fees, said it has made changes to the way it handles customers’ accounts.
The bank, which previously imposed a monthly maintenance fee for customers who didn’t meet certain requirements, has returned to an earlier policy of offering free checking to all customers.
The high court determined that the law requiring Americans to obtain health insurance is constitutional, and local health insurance providers seem to have a mostly favorable view of the decision.
Plymouth-based The Tile Shop intends to start trading on the Nasdaq Stock Market after it merges with JWC Acquisition Corporation.
The health insurer will provide a $100 annual credit to individuals who meet four health goals.
The retailer’s new “Hexapillar” gift card features a robotic caterpillar that becomes a butterfly that can actually fly.
UnitedHealth Group on Tuesday announced plans to hire 1,500 employees to staff four Texas locations.
How much should we trust the monthly unemployment reports?
Some of the hospital system’s inpatient nursing units will grow and some will shrink as part of a “rebalancing” act that aims to ensure that each shift is at the optimal staffing level—but the reorganization is predicted to result in a net gain of 40 to 50 positions.
Have-your-way frozen yogurt shops are colonizing the Twin Cities—with Yogurt Lab at the forefront.
The Twin Cities ranked high for education but received low marks for job growth and cost of doing business; overall, however, the metro area moved up considerably in this year’s ranking.
Savor summer alfresco—on restaurant patios and rooftops.
This year’s fair will feature 40 new food items and a variety of musical acts, including Alan Jackson and Motley Crue.
Kirk Nielsen, who will serve as the sole investment professional in Versant Ventures’ local office, said his firm believes that the Twin Cities constitute “a great place to build companies, and our opening of an office there is a sign of our long-term commitment to the region.”
The City of Minneapolis spent $467,139 on staff and contract lobbyists last year, the most of any local government in the state.
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