Dolan Company announced a reorganization plan that will cut debt and result in the company going private—and its founder and CEO has stepped down.
Leadership
Following Dale Wahlstrom's retirement, Shaye Mandle, currently executive vice president and chief operating officer, will take the reins.
A new rule requires publicly traded manufacturers to disclose whether their products include minerals whose sale funded armed conflict in the Congo—and the rule will have a ripple effect on smaller companies as well.
Several Minnesota graduate schools—including the University of Minnesota, St. Thomas University, and Hamline University, among others—were ranked among the best in the nation.
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Several Minnesota graduate schools—including the University of Minnesota, St. Thomas University, and Hamline University, among others—were ranked among the best in the nation.
Minneapolis was ranked 118th on a list of the best and worst large cities for entrepreneurs to start a business, St. Paul ranked 136th.
Morris Goodwin will fill a vacancy left after longtime Chief Financial Officer Mark Alfuth retired last summer.
Bixby Energy Systems founder Robert Walker was convicted on 17 counts of criminal conduct, including witness tampering and defrauding investors, after just a day and a half of jury deliberation.
Less than a month after the company’s CEO resigned, Famous Dave’s chose to fire its president and chief operating officer.
The Minnesotans who made last year’s list also appeared this year, although their rankings and net worth have changed.
Mayo Clinic said it beat expectations in 2013, and CEO John Noseworthy, who recently spoke to Twin Cities Business about the future of health care, highlighted ongoing initiatives.
3M ranked 23rd and Target 29th, although both fell several spots from last year’s list.
Dianne Neal Blixt and Amy DiGeso were appointed to Ameriprise Financial’s board; Suzanne Vautrinot, meanwhile, has become an Ecolab director.
Bloomberg News reported that the Minnesota company is working with Goldman Sachs to sell some of its business units piecemeal.
Profits at Minnesota-based banks climbed more than 17 percent in 2013, outpacing the national growth rate of 9.6 percent.
Target’s profits fell 46 percent in the fourth quarter, dropping from $1.47 per share to $0.81 per share; Target attributed $0.40 of the loss to its Canadian segment and $0.02 per share to the data breach.
Hailing from Minneapolis, the hot dog-hawking food truck Natedogs made Thrillist’s list of the nation’s food trucks with the tastiest food and the most innovative chefs.
Ted Johnson, chief marketing officer for the Minnesota Timberwolves and Lynx professional basketball teams, appeared on a recent list of the world’s top chief marketing officers on Twitter.
Tricia Davidson is leaving Minneapolis-based Duffy & Partners.
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