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.
Technology
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.
Uroplasty appointed its interim CEO, Robert Kill, to the roles of president and CEO. Chief Financial Officer Mahedi Jiwani—who was placed on leave during an internal review—has now retired.
TSI plans to add about 50 percent more jobs to its corporate headquarters over the next four to five years to occupy its 58,000-square-foot expansion.
HighJump Software, a global provider of supply-chain software, acquired Denmark-based Evenex, marking its fourth acquisition since 2008.
Minneapolis has the ninth-most patent applications for every 10,000 metro residents in the world.