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Tom Petters gives his first interview from prison, speaking with Twin Cities Business Editor in Chief Dale Kurschner.
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Tom Petters gives his first interview from prison, speaking with Twin Cities Business Editor in Chief Dale Kurschner.
The company might also consider reducing its office space in an attempt to cut costs.
The closings, which are connected to H.B. Fuller's recent acquisition of the industrial adhesives unit of Forbo Group, will not affect jobs in Minnesota.
After the NFL cautioned that the time to sell the Vikings might be nearing, Governor Dayton and a bipartisan group of legislators plan meet with NFL leaders on Friday; Dayton also recently said that he wouldn't rule out a special legislative session to address the stadium issue.
Minnesota employers collectively lost 200 jobs in March, due in large part to the government sector cutting 1,800 jobs; the private sector, meanwhile, added 1,600 jobs during the month, likely fueled by strengthened consumer spending.
The medical device company will use the funds to launch its product in Europe and to conduct a clinical trial in the United States.
Duluth-based Cirrus Aircraft said it has the necessary funding to develop the first single-engine jet on the market-a project that it started in 2008.
AAR Corporation plans to occupy 152,000 square feet in the former Northwest Airlines' maintenance facility in Duluth.
A new report from the Metropolitan Council predicts that the Twin Cities population will increase by 31 percent during the next three decades, while the area's "gross metro product" is expected to reach $400 billion.
A local advocacy group released a report stating that four large banks, including U.S. Bank and Wells Fargo, are charging people interest rates as high as 365 percent.
The 2012 Pulitzer in music went to Silent Night, which was commissioned by the Minnesota Opera and premiered last November at the Ordway Center in St. Paul-and this year's Pulitzer in poetry was awarded to Life on Mars, written by New Yorker Tracy K. Smith and published by Minneapolis-based Graywolf Press.
The majority owners and operators of Provalliance will buy Regis' interest for 80 million euros, which translates to roughly $105 million; interim Chief Operating Officer Eric Bakken said that divesting Provalliance is "part of our ongoing evaluation of non-core assets."
By consolidating some of its European offices and relocating its Texas distribution operations to the Twin Cities, the company expects to reduce annual operating expenses by up to $2.8 million beginning in 2013.
Best Buy will close six big-box stores in Minnesota this year as the company undergoes a significant restructuring. Best Buy has also begun its search for a permanent CEO-a process that it expects will take between six and nine months.
Representative Morrie Lanning, the sponsor of the House stadium bill that would use public money to fund a new $975 million Vikings stadium, said after the vote that "somebody will have to pull a rabbit out of a hat for this thing to stay alive."
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