Barry Rubin rewrites his business plan for his newer customers.
Honors
Minneapolis ranked 13th out of 15 major U.S. cities in a new "small business vitality" list due to a sharp decline in market share among the city's independent retail shops and dining establishments.
Whitebox Advisors is soliciting research papers that could benefit the investment community-and the winning submission will net a $25,000 prize.
A new 64-page report outlines ways to reduce racial employment disparity in the Twin Cities, which reportedly has the highest such disparity among the nation's largest metro areas.
A new report from the Minneapolis Foundation shows dramatic differences between Minneapolis residents of differing races and ethnicities-disparities that begin at an early age and affect education, jobs, housing, and other aspects of life.
A biodegradable plastic developed by a University of Minnesota biochemist has led to an Arkansas start-up that will manufacture what it claims are environment-friendly plastic bags.
Six current and former employees of Ameriprise Financial claim that their 401(k) investments were placed in poorly rated funds that had excessive fees, which resulted in the loss of $20 million; they seek to turn their suit into a class action representing all affected employees from 2005 to present.
The new notification service can track marathoners and provide real-time progress updates to friends and family via text message.
Joseph Traxler of Centennial Mortgage and Funding, Inc., allegedly used funds intended for mortgage loans to cover Centennial's operating losses and to fund its payroll and other expenses.
An industry survey found that the average ATM fee in the Twin Cities is the second lowest in the country and that the average overdraft fee is the fourth lowest.
Two former officers of failed Pinehurst Bank and a bank customer are facing new charges through a superseding indictment, which alleges that the men were involved in a $1.9 million "check-kiting" scheme that led to the bank's demise.
Can business leaders learn to foster organizational creativity?
Honoring corporate board members
Dennis DeSender admitted to fraudulently soliciting investors to fund a venture to sell coal-gasification technology to China-and he reportedly implicated a former officer of Bixby Energy Systems in the alleged $60 million scheme.
The jobless rate for African Americans in the Twin Cities is reportedly 24 percent compared to just 6 percent for Caucasians, giving the region the widest racial disparity among the unemployed in urban areas throughout the country.
The local nonprofit, which trains under-employed and unemployed people for placement in long-term jobs, was chosen from a pool of about 900 entries as one of five winners in the "Powering Economic Opportunity: Create a World that Works" competition.
Great Clips, Tastefully Simple, and Shield Services were included on the SBA 100 list, which features businesses from across the country that created at least 100 jobs after receiving support from the Small Business Administration.
A new offering enables business customers on the go to view account balances, transfer funds, approve time-sensitive payments, reset their password, and view check images on their mobile devices.