Robert Bruininks, past president of the University of Minnesota, earned $747,955 in compensation for the 2011 fiscal year.
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The value of the U.S. Bancorp brand increased 9 percent from last year, while Target’s brand value declined 16 percent, according to a recent report.
Round Lake-based Farley’s & Sathers Candy Company and Forest Park, Illinois-based Ferrara Pan Candy Company did not release many details—including where the combined company will be based—but said that the post-merger company will be headed by Ferrara Pan’s current CEO.
Target, Mayo Clinic, General Mills, Best Buy, 3M, Ecolab, and Cargill are among the nation’s “ideal employers,” according to college students looking to join the U.S. work force.
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Target, Mayo Clinic, General Mills, Best Buy, 3M, Ecolab, and Cargill are among the nation’s “ideal employers,” according to college students looking to join the U.S. work force.
The company has agreed to buy Brazil-based food company Yoki Alimentos, S.A., for about $859 million, thus confirming rumors that surfaced earlier this year.
On Sunday, the Minneapolis-based retailer began selling T-shirts with gay-friendly themes online—and it has pledged to donate the full purchase price of each one, up to $120,000, to the Family Equality Council.
Fairview’s chief executive Mark Eustis will retire on July 31 when his five-year contract expires, and Chairman Chuck Mooty will take the reins as interim CEO.
The announcement comes a week after the workers and the eight Twin Cities hospitals that employ them reached a tentative contract deal—and the tentative deal was struck just a day after employees authorized a two- to five-day strike.
Kimberly Michele Burkett, former director of the Long Prairie Chamber of Commerce, reportedly faces two theft charges in connection with the allegations.
A national volleyball tournament is expected to draw up to 30,000 athletes and spectators to Minneapolis in 2014.
The St. Paul Port Authority is buying a property in downtown St. Paul on which the city wants to build a new baseball stadium—but the city is still seeking money from the state.
Shopkick gives shoppers points when they enter a Target store, and points can be redeemed for various rewards.
The electronics giant also revealed its compensation package for interim CEO G. “Mike” Mikan, who will be considered for the permanent CEO spot; the package includes an annual base salary of $1.1 million—and a $2.2 million payment that he’ll receive in lieu of participating in Best Buy’s short-term incentive plan.
Some experts have praised Best Buy’s handling of the recent scandal involving its former CEO, while others have said the company didn’t go far enough. Many respondents to a Twin Cities Business survey, meanwhile, said that the actions of company’s chairman didn’t merit him exiting his position.
Bahram Akradi, Douglas Baker Jr., Richard Davis, Curtis Sampson, and Sally Smith join 67 other business leaders who were previously inducted.
Bill George argues that passage of the amendment would make it difficult for Minnesota companies to recruit and retain the talented people required to build global companies.
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.
The new jobs in downtown Duluth will be professional positions, including engineers and safety specialists.
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