Businessman Maury Rosenberg, who won a $6.1 million jury award, claims that U.S. Bank is using involuntary bankruptcy as a collection tool, which is illegal; the bank, meanwhile, claims it hasn’t done anything wrong and is appropriately pursuing a litigious businessman who owes money.
Leadership
Best Buy founder Richard Schulze, who did not submit a takeover bid prior to a recently passed deadline, has been named chairman emeritus; former executives Brad Anderson and Al Lenzmeier, meanwhile, have joined Best Buy’s board.
Why are the practices that offer the most personal care finding it so hard to compete?
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700 episodes and still renovating for television.
At a time when talented women executives can choose where they want to work, sisterhood is powerful.
Patterson, Apogee Enterprises, and Hawkins were recognized by Forbes alongside 97 others that have “consistently demonstrated transparent and conservative accounting practices and solid corporate governance and management.”
Nicholas Wang, the CEO of Best Buy’s Five Star electronics chain in China, reportedly left the company earlier this week.
Some of the company’s products that are used in catheterization procedures have been recalled because of a potential for air leakage, which could lead to an obstructed artery and result in serious injury or death.
Longtime CEO Thomas Oland resigned in November and said he disagreed with the board’s decision to consider external candidates for his successor; now, the board has tapped an outsider as its next leader.
The company is asking the Supreme Court to review its recent ruling regarding locked-out workers; meanwhile, a proposed amendment seeks to ensure that locked-out North Dakota workers are not eligible for unemployment benefits in the future.
After dropping some controversial tax reform proposals, the governor said that raising taxes on the top 2 percent of the state’s earners would raise more than $1 billion in new revenue.
Kathleen Motzenbecker has extensive experience in international trade and foreign direct investment, having previously served as deputy director for Asia Pacific at the Illinois Department of Commerce and working for the Council on Foreign Relations in Washington, D.C.
The airplane manufacturer appointed Pat Waddick, a longtime employee and chief engineer of the company’s original aircraft, as president.
Locally-owned Franklin Bank, Park Midway Bank, and University Bank will merge and be rebranded as Sunrise Banks; meanwhile, San Francisco-based Bank of the West recently closed four Minnesota branches.
After two analysts upgraded Best Buy’s stock last month, two more have followed suit in March—and like the others, they credit the company’s new leadership team for what appear to be signs of a turnaround.
How a central banker’s views evolved and moved him from being a dissenter to a leading advocate of the Federal Reserve’s policy of keeping interest rates low.
Ecolab, H.B. Fuller, The Mosaic Company, Target, and Thrivent Financial for Lutherans are among 145 companies named to the Ethisphere Institute’s 2013 “World’s Most Ethical Companies” list.
The same Minnesotans who were on last year’s list made repeat appearances this year, although the net worth of most has risen—and Best Buy founder Richard Schulze is no longer listed as a Minnesotan.
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