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New Workspace Caters to Entrepreneurs, Other “Makers”

The Mill is a new collaborative workspace that gives members access to tools and equipment that they don't have access to at home, including 3-D printers, computers with design and drafting software, industrial sewing machines, and a metal shop.

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In $1.9M Scheme, 1 Ex-Bank Exec. Guilty, 1 Acquitted

Former Pinehurst Bank President John Markert was found guilty on five counts of misapplication of bank funds. Gregory Pederson, the bank's former chief credit officer and senior vice president, was acquitted of each count that he faced.

S&P Considers Cutting Best Buy Credit Rating to “Junk”

S&P said that Best Buy's recently announced cost-cutting measures, which involve closing 50 big-box stores and opening 100 smaller Best Buy Mobile stores, indicate that "its current business model is not working and that the steps taken to date have not been enough to improve performance."

General Mills is “Most Reputable” Large Co. in U.S.

On the Reputation Institute's list of "America's Most and Least Reputable Big Companies," the Golden Valley-based food manufacturer jumped 14 spots from its 2011 ranking and beat out Seattle-based Amazon, last year's top-ranked company.

Magnet 360 Acquires Cloud Consultancy Reside

Magnet 360-which now bills itself as a "social enterprise agency"-says it will offer a comprehensive set of "social business" services to large business clients, including General Mills, Ecolab, Medtronic, and 3M.
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