Best Buy swung to a profit in its fourth quarter but is reportedly planning to cut up to 2,000 managers across the country.
Technology
Bloomberg News reported that the Minnesota company is working with Goldman Sachs to sell some of its business units piecemeal.
Attorneys general from 42 states, including Minnesota, are advocating for patent reforms that they say would protect businesses from the threat of unnecessary litigation.
Target’s profits fell 46 percent in the fourth quarter, dropping from $1.47 per share to $0.81 per share; Target attributed $0.40 of the loss to its Canadian segment and $0.02 per share to the data breach.
A program that was born in Minnesota and provides pro bono legal services to lower-income inventors was highlighted as the president outlined new patent reforms.
3M said its planned acquisition of Treo Solutions will benefit its health information systems business, which provides software and consulting services to health care clients.
Optum Health hopes to expand the breadth of Audax’s digital platform and said that Audax’s leadership team, which is helmed by a 24-year-old CEO, will remain intact.
For the second time, Target has launched a mobile app game that showcases products that it sells in its stores. The company said it plans to launch six more this year.
Snap Agency has bought all remaining assets from Atomic Playpen, which went out of business.
Techne Corporation will henceforth be known as “Bio-Techne” as part of an attempt to better position all of its brands.
The Minneapolis-based biotech company hired James Hippel to replace Greg Melsen, who served shortly as interim CEO left the company after it named a permanent replacement.
Best Buy and Ameriprise Financial made Bloomberg’s list of top 10 most-disappointing stocks based on their poor January performance following a strong 2013.
Target Chief Financial Officer John Mulligan said Tuesday that the malware, which infiltrated the retailer’s point of sale system, remained on a select number of registers for three days after the company said it had eradicated the problem.
The question for the arts is, "To stream, or not to stream?"
Business intelligence becomes a potent force, using every shred of information to turn a profit.
Midwest native Mark Lacek is launching a new mobile application called FamDoo, which rewards kids with cash-value points for tasks like housework and schoolwork.
OneNeck IT Solutions, a subsidiary of TDS Telecom, just began construction on a $12 million expansion of its Eden Prairie data center.
Magnet 360 ranked 34th and Code42 ranked 44th on a list of “most promising” private companies with under $250 million in annual revenue.