The two companies received the necessary shareholder approval and antitrust clearance to proceed with the deal, and the post-merger company will have 2011 sales in excess of $11 billion.
Industry
Thirty former associates of Tom Petters have reportedly agreed to pay $8.5 million to settle "clawback" lawsuits that are attempting to recover funds for victims of the Ponzi scheme; meanwhile, attempts to reach a deal with more than 10 other employees failed.
The state took in more revenue and spent less in fiscal 2011 than it had previously anticipated-resulting in a forecasted $876 million balance for the remainder of the current budget period.
Eligible Hormel Foods workers received a share of $16.5 million in profit-sharing payouts; meanwhile, Marvin Windows and Doors, which has traditionally given bonuses to its workers, reportedly will not pay out profit-sharing bonuses this year due to a slumping housing market.
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Eligible Hormel Foods workers received a share of $16.5 million in profit-sharing payouts; meanwhile, Marvin Windows and Doors, which has traditionally given bonuses to its workers, reportedly will not pay out profit-sharing bonuses this year due to a slumping housing market.
In Roseville, two stores will be combined into one dual-format Christopher & Banks and CJ Banks store; a store in Albert Lea, meanwhile, will be closed altogether.
Casey Carl will oversee Target's digital efforts, including its new Web site, which has crashed several times since its launch.
The new name reflects ownership changes that have occurred in recent years; former co-owner Thomas Horner left the firm in 2010, and Todd Rapp became a co-owner in 2008 and now shares that title with CEO and founder John Himle.
A twice-yearly survey by the University of St. Thomas Opus College of Business indicates that local real estate professionals are less confident about the near future of the commercial real estate industry than they were just six months ago.
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.
Target reveals its doorbuster deals, a Mpls.St.Paul magazine editor shares events that begin even before midnight on Black Friday, and the anti-Black Friday movement appears to have picked up steam, although stores are set to open earlier than ever this year.
After an undercover video depicting animal abuse at Sparboe Farms prompted Target and McDonald's to cut ties with it, Lunds and Sam's Club have reportedly also pulled the farm's eggs from their stores.
Minnetonka-based UnitedHealth Group-which reportedly serves 7 million Medicare recipients-will add another 113,000 members with the purchase of Baltimore-based Medicare insurer XLHealth Corporation.
Mono’s campaign for MSNBC—ready for the political campaign season.
We recount the accusations of debt dodging, product failure, bad management, and mutant sugar beets that brought Minnesota business into court in 2011.
Industrial real estate shows signs of life.
That would be bread pudding, the humble postprandial comfort food that’s becoming haute.
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.
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