In Roseville, two stores will be combined into one dual-format Christopher & Banks and CJ Banks store; a store in Albert Lea, meanwhile, will be closed altogether.
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The new name reflects ownership changes that have occurred in recent years; former co-owner Thomas Horner left the firm in 2010, and Todd Rapp became a co-owner in 2008 and now shares that title with CEO and founder John Himle.
Solbar, which has a sales office in Oakdale, provides soy protein ingredients to manufacturers in several sectors; the deal is expected to close in early 2012.
A twice-yearly survey by the University of St. Thomas Opus College of Business indicates that local real estate professionals are less confident about the near future of the commercial real estate industry than they were just six months ago.
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A twice-yearly survey by the University of St. Thomas Opus College of Business indicates that local real estate professionals are less confident about the near future of the commercial real estate industry than they were just six months ago.
Minnesota didn't budge from its spot on last year's list; while the state ranked third for its quality of life and also scored higher than most other states for labor supply and growth prospects, it trailed behind most other states for regulatory environment and business costs.
Eligible Hormel Foods workers received a share of $16.5 million in profit-sharing payouts; meanwhile, Marvin Windows and Doors, which has traditionally given bonuses to its workers, reportedly will not pay out profit-sharing bonuses this year due to a slumping housing market.
The Bloomington mega mall welcomed more than 15,000 shoppers as it opened at midnight on Black Friday.
Non-traditional advertising company AllOver, which has placed ads at about 40,000 gas stations and convenience stores across the country, has bought Intran Media Vehicles, which puts vinyl advertising on trucks.
The Moorhead-based sugar producer has reportedly begun advertising for temporary workers and said that its "long-term goal" is to hire 1,300 workers if the lock-out continues.
All of the nearly $16 million in angel tax credits available this year was used up as of last week; but the state has another $12 million in credits to distribute in 2012 and has begun accepting applications from investors and businesses wanting to participate in the program.
A California-based investor announced that it collaborated with two other community development entities to provide a $23 million tax credit financing package for the renovation of the downtown Minneapolis building, which is expected to be completed in February, although tenants will begin moving in next month.
A report released Tuesday by Minnesota Management and Budget found that the shutdown in July posed challenges for the public and state employees who were out of work for 20 days-but the state won't feel a long-term economic impact.
Irvine, California-based L.A. Fitness-which has 12 fitness clubs in the Twin Cities-is buying 171 clubs from Chicago-based Bally Total Fitness, including all five of Bally's Minnesota locations.
The medical device company's Washington-based Physio-Control unit has reportedly been plagued with quality issues since Medtronic bought it in 1998, but buyer Bain Capital, LLC, called it a "market leader" and said that it has exciting "growth prospects."
After an undercover video depicting animal abuse at Sparboe Farms prompted Target and McDonald's to cut ties with it, Lunds and Sam's Club have reportedly also pulled the farm's eggs from their stores.
Minnetonka-based UnitedHealth Group-which reportedly serves 7 million Medicare recipients-will add another 113,000 members with the purchase of Baltimore-based Medicare insurer XLHealth Corporation.
The total funds raised during the third annual event surpassed last year's donations but were shy of the money raised in 2009; the event set a new record, however, for the number of participating donors and benefiting charities.
The purchase of France-based Goupil Industrie marks Polaris' third recent investment in electric vehicles; this year, it also bought electric-vehicle maker Global Electric Motorcars and purchased a minority stake in Brammo, which makes electric motorcycles.
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