News

Outland Faces $378K Fine Over Worker Injury

Outland Renewable Services says that it "respectfully disagrees" with the Department of Labor's findings, which indicate that the company ignored safety rules that led to a worker being severely burned.

Panchero’s Vacates Block E

Panchero's Mexican Grill closed its Block E location on Friday, which prompted rumors that it was forced out by the development's new owner, Alatus; Alatus denies those allegations.

Polaris Saves 50 Jobs in WI, Buys Indian Motorcycle

Almost one-tenth of the 515 jobs scheduled to be cut in Osceola, Wisconsin, have been spared thanks to stronger-than-projected company growth; separately, Polaris said that it has bought Indian Motorcycle for an undisclosed sum.

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$460M in Funding On its Way for Central Corridor

The Pioneer Press reported that St. Paul Mayor Chris Coleman confirmed that a funding grant agreement will be signed next week, which will bring in $460 million in federal aid for the $957 million project.

Allina Building New $29M Medical Lab in Mpls.

The new medical lab, which is slated to open in February 2012, will consolidate about 12 labs that are currently located in five different buildings on the Abbott Northwestern Hospital campus.

MN Orgs. Push for Transparency in Gov’t Spending

NAIOP's Minnesota chapter, the Minnesota Taxpayers Association, and the Minnesota Chamber of Commerce plan to draft legislation requiring all government entities to use the same structure to report how they budget and then spend taxpayer dollars.

Report: Big Lots Expands in the Twin Cities

According to the Star Tribune, the Ohio-based discount retailer plans to open three new stores in the Twin Cities by the end of the year and is eyeing additional real estate in the area.

Report: MN Ranks 4th for Wind Generating Capacity

Approximately 9.4 percent of Minnesota's power was provided by wind in 2009, the latest period for which such data is available-and the state's wind farms now generate enough electricity to power the equivalent of 630,000 homes.

U.S. Bank Expands, Hires for Wealth Mgmt. Biz

A new unit that will serve the wealthiest individuals is in the process of being created; employees of all types will be hired to staff that unit-and, separately, the bank's broker-dealer unit plans to hire another 110 financial advisers by the year's end.

Ameriprise Buys California Investment Advisor

With the acquisition, Ameriprise will start managing exchange-traded funds (EFT), investment vehicles that combine the potential benefits of traditional ETF investing with active portfolio management.

Best Buy Outsourcing Music, Movie Departments

The company announced Thursday that it will decrease the size of its music and movie departments and outsource their functions to a third party, which will save the company an estimated $40 million annually.

Klobuchar Introduces Cloud Computing Act

The Cloud Computing Act of 2011 aims to form new enforcement tools for investigating and prosecuting hackers and encourages the federal government to negotiate with other countries to establish consistent laws related to online security and cloud computing, among other things.
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