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Christopher & Banks to Cut 800 to 1,000 Jobs

The clothing retailer, which reported a net loss in four of the last five quarters, plans to close 100 stores, make significant cuts to its work force, and restructure some of its existing operations by consolidating multiple brands into dual-format stores.

Gov’t Shutdown Hurt Canterbury Q3 Revenue, Income

CEO Randy Sampson, who previously warned that the state government shutdown would negatively impact Canterbury's third-quarter results, said Friday that "the pre-tax loss of nearly $300,000 was the worst third quarter for Canterbury since our card room opened in 2000."

GiveMN’s 3rd Annual “Give to the Max Day” is Wed.

This year, Mall of America visitors can donate to local nonprofits using laptops-and those who do will receive discounts at stores and restaurants throughout the mega mall; numerous prizes will also be awarded to various nonprofits that capture funds from donors.

MSP’s Retirement-Ready Rank Slides From #1 to #18

A study commissioned by Ameriprise Financial found that Twin Cities residents are less ready for retirement this year than they were a year ago, probably due to rapidly declining home prices, tornados, and the Minnesota government shutdown-all of which have occurred within the past year.

Two MN Companies Poised to Go Public

Plymouth-based BioAmber, Inc., on Monday filed for an initial public offering; meanwhile, Bluestem Brands, which in April filed for an initial public offering, could reportedly go public as early as this week.

Hedge Fund Mgrs. Face Civil Suit in Petters Scheme

James Fry and Michelle Palm-two local hedge fund managers who already faced criminal charges related to their alleged involvement in Tom Petters' multibillion-dollar Ponzi scheme-now face charges in a civil complaint filed by federal regulators.
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