Universal Cooperatives, Inc., and its subsidiaries owe their largest creditors nearly $20 million.
Workforce + Talent
Among the 150 largest cities in the United States, Minneapolis ranked fifth for starting a career, while St. Paul took the 12th spot on a new list.
Although local manufacturing executives are more confident in their firms’ future than they have been during the last six years, they are also concerned about health care costs, government policies, and a worker shortage.
The company said it hasn’t nailed down which regions of the country will be most affected by the consolidation or how many jobs will be cut.
Target’s 2013 proxy filing offers insight into how much Gregg Steinhafel’s exit package may be worth; some estimates project he might collect about $26 million.
Based on factors like child care costs, parental leave policies, and gender pay gaps, WalletHub compiled a list of the best states to live in for working mothers.
Mayo Clinic and UnitedHealth Group are among Millennials' top picks for employers.
The company said planned improvements to its existing Bayport facility will bring jobs that pay an average of $19 an hour, plus benefits.
Bob DeRodes joins the Minneapolis-based retailer as chief information officer while the company continues to search for a new chief information security officer and chief compliance officer.
The massive aerospace, defense, and sporting goods company—which has four facilities in Minnesota—announced that it’s dividing itself into two separate companies.
Axis Clinicals' plant will employ 100 workers at a former Wal-Mart site in Dilworth.
Based on their responses to a 300-question survey, General Mills, Target, and Medtronic were ranked in the top 50 companies with the best diversity policies.
After about 15 years as president, CEO, and chairman of Digi International, Joseph Dunsmore plans to retire this year.
The end of April brings to Minnesota multiple technology development contests that attempt to solve real-world problems in new ways.
Chairman Bob Kierlin, who is often recognized as the visionary behind Fastenal, and Steve Slaggie are retiring from Fastenal’s board.
Head coach Rick Adelman will stay on with the team in a consulting role; candidates for his job reportedly include Michigan State coach Tom Izzo and Iowa State coach Fred Hoiberg, among others.
Professional and business services, as well as the construction industry, contributed largely to March’s gains; the leisure and hospitality sector, along with retail, struggled during the month.
The Minneapolis-St. Paul metro area placed 9th on a ranking of the best neighborhoods for millennials by Niche.com, due largely to its low rent and unemployment rates.