The company, which was struggling with plummeting sales and legal issues several years ago, was turned around under the direction of CEO Marti Morfitt, who said that the Airborne brand will be retained, but its employees will not.
Industry
Lawsuits that attempt to claw back funds given to Minnesota Teen Challenge and the College of St. Benedict come at the same time the Minnesota Legislature approved a bill that would prohibit clawback actions involving charities and religious organizations after a two-year statute of limitations.
The company, which operates regional flights for Delta Air Lines and two other major carriers, will end some existing contracts and receive a loan from Delta to repay some of its debt and continue operations during its reorganization.
Bloomington’s Ikea goes solar this summer.
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Bloomington’s Ikea goes solar this summer.
With CD sales softening, music production house Noiseland Industries found a surprising new revenue source.
Artisanal sausage is having its moment in the Twin Cities.
Graves Hospitality prepares to cut ties to a NYC hotel it just opened.
The Twin Cities high-gear bicycle culture has helped inspire a booming number of home-grown frame builders. Are there enough customers to keep them rolling?
Sophia wants to tap the teacher in everyone to make students learn better.
Carmichael Lynch’s plan to amp up the Baseball Hall of Fame’s appeal is fan-centric to the extreme.
Losers in the Shark Tank, Sue Kruskopf and Nancy Bush came home to a sea of business.
Colle+McVoy targets high-end cyclists from its headquarters in America’s biking colossus.
Through a major restructuring, the electronics retailer intends to reduce its corporate work force by about 8 percent and shutter 50 big-box stores this year. Meanwhile, it will add 100 new Best Buy Mobile stores in the United States and 50 new Five Star stores in China.
Christopher & Banks attributes its disappointing fourth quarter to an increase in prices that it implemented late last year; it now plans to slash base prices by about 20 percent in an effort to recapture sales.
Boosted sales in Canterbury Park's newly remodeled card casino, combined with increased consumer spending and a mild winter, more than offset the severe impact of the July state government shutdown, which forced the park to close for 20 days and negatively impacted financial results for the 2011 third quarter.
Fiontrai II, an investment company that was started earlier this year by Brenton Hayden and Ryan Marvin of Renters Warehouse, bought the trademarks, website, and proprietary software of Webdigs, Inc., a publicly-held online real estate brokerage that has ceased operations.
Dean Thomas Mengler wrote to U.S. News & World Report to express concerns about its decision to unrank the school from its "Best Law Firms" list, saying that the move serves as "a disincentive for law schools to promptly report mistaken or erroneous data."
Personal income in the state totaled about $238.8 billion in 2011, compared to an estimated $227.3 billion the previous year.
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