A California-based investor announced that it collaborated with two other community development entities to provide a $23 million tax credit financing package for the renovation of the downtown Minneapolis building, which is expected to be completed in February, although tenants will begin moving in next month.
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Mono’s campaign for MSNBC—ready for the political campaign season.
Industrial real estate shows signs of life.
That would be bread pudding, the humble postprandial comfort food that’s becoming haute.
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That would be bread pudding, the humble postprandial comfort food that’s becoming haute.
We recount the accusations of debt dodging, product failure, bad management, and mutant sugar beets that brought Minnesota business into court in 2011.
Minnesota lost about 6,100 jobs during the month, but some sectors that have been struggling, including the construction industry, saw year-over-year gains.
The total funds raised during the third annual event surpassed last year's donations but were shy of the money raised in 2009; the event set a new record, however, for the number of participating donors and benefiting charities.
Jon Jason Greco received a 10-month prison sentence for lying to federal investigators about money and valuable goods tied to Trevor Cook's multimillion-dollar Ponzi scheme.
The clothing retailer, which reported a net loss in four of the last five quarters, plans to close 100 stores, make significant cuts to its work force, and restructure some of its existing operations by consolidating multiple brands into dual-format stores.
The Minneapolis-based company, which owns Capella University, will inform the affected employees during the next two days.
Plymouth-based BioAmber, Inc., on Monday filed for an initial public offering; meanwhile, Bluestem Brands, which in April filed for an initial public offering, could reportedly go public as early as this week.
The company, which in April announced plans to hire 450 workers at its new Minnetonka facility, now intends to add 150 jobs in St. Paul.
The firm is representing 495 fishermen who allege that they were not properly compensated under a program through which BP chartered their boats for use in cleaning up the oil spill.
The Pioneer Press reports that the Minnesota Department of Revenue and the IRS-which had sought $2.5 million in assets controlled by the receiver in the Tom Petters case-have resolved the issue.
James Fry and Michelle Palm-two local hedge fund managers who already faced criminal charges related to their alleged involvement in Tom Petters' multibillion-dollar Ponzi scheme-now face charges in a civil complaint filed by federal regulators.
The Met Council has joined an ongoing lawsuit seeking damages from 3M for alleged environmental effects stemming from its disposal of chemicals.
Best Buy said Monday that it will close its 11 big-box stores in the United Kingdom and also pay about $1.3 billion to buy out the Carphone Warehouse Group's stake in Best Buy's U.S. mobile phone business.
The St. Louis Park-based restaurant operator said that it has completed the acquisition of the Cadillac Ranch eatery at the Mall of America and expects to close on the purchase of six more before the end of the year.
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