The Nasdaq exchange—on which shares of Minnesota companies such as C.H. Robinson, Buffalo Wild Wings, and Fastenal are traded—temporarily ceased trading on Thursday.
Technology
Best Buy said it is improving same-store sales and cutting costs, and its stock price climbed about 10 percent early Tuesday.
Eleven different groups that support new businesses will receive between $84,000 and $450,000 in two-year grants.
Red Stamp will retain its brand name, website, and offerings following the acquisition.
The online news provider has 25 websites in Minnesota, and it’s unclear whether they will be among the 400 nationwide that will be sold or closed down.
Insite Software recently named a new CEO and bolstered its leadership staff; recent business growth will allow it to add 50 new employees.
A group of Best Buy shareholders argue that false statements made by the company’s executives caused its stock to rise artificially before abruptly dropping 14 percent months later when the company lowered expectations.
The southeastern Minnesota community is launching a business incubator as part of a larger initiative to bolster entrepreneurship and attract new businesses.
The company sold its air emissions control business, which helps plant operators meet requirements involving the use of fossil and renewable fuels.
The Wayzata-based company saw its annual and fourth-quarter profits skyrocket, following especially dismal financial results last year.
An analyst said, however, that although the company reported a loss, the move to sell its weak businesses will ultimately allow Dolan to focus on its more successful sectors.
Although Comcast’s new technology was launched in 2011, it has seen a slow roll out and is now offered in the Twin Cities.
Involta chose Duluth for one of its facilities.
The Minnesota hearing aid maker is renovating its 122,000-square-foot facility to make room for future work force growth.
Chris Askew now oversees Best Buy’s Geek Squad and reports to CEO Hubert Joly.
Eden Prairie-based Intensity Analytics Corporation said it will use the funding to expand its technology, increase staff, and strengthen its position in the cyber security industry.
Minneapolis is considering adding a November ballot measure about whether to form a city-owned utility; meanwhile, the Minneapolis Chamber of Commerce and Xcel Energy, which would lose a contract if the city created a utility, have criticized the process.
On Monday, senior executives from LG Electronics USA and Best Buy introduced a new 55-inch high-definition TV to the U.S. market at Best Buy’s store in Richfield.