The cuts will occur across all 247 Albertsons stores in California and Nevada; Supervalu said that stores in those states have experienced both a reduction in traffic and an overall decline in sales, and it had not adjusted its store-level operations accordingly.
Workforce + Talent
The new, 11.5-year lease is for 123,882 square feet, roughly half of what the company currently leases—but Piper Jaffray is currently subletting 93,000 square feet of space to other companies, so the space that it actually occupies will shrink by 22,880 square feet.
A Metropolitan Airports Commission spokesman told the Star Tribune that the commission “had a phone conversation with leadership at Pinnacle to express our interest in seeing them move here.”
In addition to the new London office, the local hedge fund manager now has offices in Minneapolis; Austin, Texas; and Singapore.
A total of $600,000 in grants was recently awarded to help former employees of BAE Systems, Cargill, and Quality Wine and Spirits find employment.
Ryan Robinson, chief financial officer of Best Buy’s U.S. operations, is the latest top-ranking official to leave the company, which on Tuesday reported better-than-expected first-quarter revenue and adjusted earnings.
General Mills to Cut 850 Jobs, Roughly 425 in MN
The acquisition of Certiport will help Bloomington-based Pearson VUE expand its product offerings and extend its geographic reach.
The state's monthly job estimate, which is based on a survey of roughly 3,000 employers, found that Minnesota lost 3,100 jobs in April. But a state official said that the estimate likely misrepresents the state's employment picture, and he expects the job figure to be revised upward.
University of Minnesota President Eric Kaler's proposed tuition increase would be the lowest year-over-year hike in more than a decade.
Dave Deno-who served as chief financial officer of Best Buy's international division and as president of its Asia region-has left the company to become executive vice president and chief financial officer of OSI Restaurant Partners.
Barry Judge has reportedly left his role as chief marketing officer at Best Buy, and Stephen Gillett, who was recently appointed to lead the company's digital efforts, will now also oversee its marketing operations.
A company spokesman said that the cuts are not specific to a single function or department, and he declined to disclose how many Minnesota employees are affected.
The City of Bloomington's Planning Commission unanimously approved Best Buy's plan to add 155,867 square feet to an existing facility in the city.
Minnesota's ranking represents a seven-spot drop from last year, when it ranked 29th; it ranked 22nd in 2008.
Gail Boudreaux of Minnetonka-based UnitedHealth Group and Juliana Chugg of Golden Valley-based General Mills were identified as likely contenders to lead a Fortune 1000 company within five years.
More than 400 local business professionals are conducting mock interviews this week to assist local youth as they prepare for the summer job search.
The health insurance giant has joined a coalition of corporations that aim to collectively hire 100,000 military service members and veterans within the next eight years.