Shortly after finalizing its purchase of Nalco Holding Company, Ecolab said that it's embarking on a restructuring and cost-saving effort that will result in pre-tax special charges of $480 million over the next couple of years-but fuel cost savings of $250 million annually by the end of 2014.
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Yamamoto Moss Mackenzie is now Yamamoto, and it has recently added three industry veterans to its leadership team.
Chanhassen-based Snap Fitness said that it recently acquired Kosama Complete Body Transformation, which franchises clubs that offer instructor-led fitness classes that do not use cardio or weight machines.
The Minneapolis-based retailer said that "it is not in its best interests to finalize a transaction at this time" but plans to re-engage in discussions with a limited number of potential partners later this year.
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The Minneapolis-based retailer said that "it is not in its best interests to finalize a transaction at this time" but plans to re-engage in discussions with a limited number of potential partners later this year.
The restaurant operator also filed a reorganization plan that includes eliminating its $245 million of outstanding debt and closing 81 "underperforming" restaurants; the company expects to complete the restructuring process and exit bankruptcy protection within about six months.
Carlson Hotels and its Brussels, Belgium-based partner The Rezidor Group will now operate as the Carlson Rezidor Hotel Group.
Brian Dunn's public response to criticism by the media triggered a barrage of additional criticism from readers. He's now responded to those comments, describing them as "candid and informative-exactly what we look for when we reach out to you."
Later this year, furniture and home design retailer Arhaus, footwear provider Marmi, and Allure Intimate Apparel will set up shop at the upscale mall in Edina; meanwhile, three retailers will leave and several others will move spaces.
The founders of Minneapolis-based start-up My Wonderful Life-which offers an online service that allows users to plan their own funeral-will present their business plan to a group of potential investors on ABC's Shark Tank.
Three local clubs-First Avenue, 7th Street Entry, and The Cabooze-were on Pollstar's 2011 list of "top 100 club venues."
Rapid City, South Dakota-based Black Hills IP, LLC opened its first Minnesota office in the TCF Tower in downtown Minneapolis.
The insurance giant is reportedly awaiting regulatory clearance, but if all goes as planned, its Thrivent Financial Bank subsidiary will become Thrivent Financial Credit Union this summer.
Cargill's second-quarter earnings dropped 88 percent from a year ago as the agribusiness faced uncertain markets and fluctuations in sugar prices.
In an effort to get unemployed Minnesotans back to work, Governor Mark Dayton proposed tax credits for businesses that are hiring, a $775 million bonding bill to help companies improve their infrastructure, and additional funding to a state program that helps businesses expand or relocate to Minnesota.
The Eden Prairie-based company says its name change incorporates its broad focus on technology, its global expansion, and a changing marketplace that values cutting-edge technology and personalized service.
The retailer will begin featuring products from five shops in early May under a new concept called "The Shops at Target"; separately, the company confirmed plans to test mini-Apple stores within 25 Target stores later this year.
Accounting firm Eide Bailly-which provided professional services to two of Tom Petters' business entities-has asserted in a lawsuit that it is not liable for any damages, but Petters receiver Doug Kelley says otherwise.
Jon Davis, who has worked at family-owned Davisco since the age of 14, most recently served as chief operating officer for all Davisco manufacturing operations; his father, Mark Davis, will remain chairman of the company's board.
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