A draft rule just approved by the Federal Deposit Insurance Corporation prohibits U.S. banks from owning private equity funds.
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In a letter to shareholders, Regis discussed its recent proxy battle with activist investor Starboard-stating that the investor is "advocating uninformed and irresponsible cost-cutting that puts the Regis franchise at risk."
Verso Paper Corporation plans to cut coated-paper capacity by 193,000 tons annually at two U.S. mills.
Atmosphere Recovery was named a regional winner and won a prize package worth up to $20,000-and Sheerwind won a regional sustainability award, which includes $10,000 in cash and in-kind services; both will compete at a national competition next month.
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Atmosphere Recovery was named a regional winner and won a prize package worth up to $20,000-and Sheerwind won a regional sustainability award, which includes $10,000 in cash and in-kind services; both will compete at a national competition next month.
General Mills ranked second on Forbes magazine's list of the top 100 brands in the world-ahead of Google and Apple; Target and Best Buy ranked 21st and 34th, respectively.
Plato Learning's newest proposal calls for it to acquire all shares of Renaissance Learning for about $496 million-or roughly $16.90 per share-but the majority owners have pledged their shares to a $455 million buyout offer from a European private equity firm.
Total grants made in the state decreased 9.3 percent in 2009 from 2008, compared to a 5 percent drop between 2007 and 2008.
The Edina-based company said that its purchase of California-based Qumu will give it a strong presence in the rapidly growing video communications market.
Amid sluggish national economic growth, the State of Minnesota collected $59 million more in taxes during the first quarter than it had projected.
Thomas Sargent and Christopher Sims-both former faculty members of the University of Minnesota-jointly won the 2011 Nobel Prize in Economics.
Using a free mobile app called B4YouBoard, local travelers can use their smartphones to have food from three restaurants delivered right to their departure gate.
The company's first club outside the United States is set to open in Ontario, Canada in March 2012.
The Deephaven resident, who founded Miracle-Ear and pumped money into several companies, was a decorated World War II fighter pilot who also played a cameo role in the Watergate scandal even though he engaged in no wrongdoing.
Same-store sales rose 5.3 percent in September, more than the 3.9 percent anticipated by analysts, prompting shares of the company's stock to jump 5 percent Thursday morning.
A biodegradable plastic developed by a University of Minnesota biochemist has led to an Arkansas start-up that will manufacture what it claims are environment-friendly plastic bags.
Fortune magazine named Gail Boudreaux of UnitedHealth Group and Shari Ballard of Best Buy to its list of America's leading businesswomen.
Six current and former employees of Ameriprise Financial claim that their 401(k) investments were placed in poorly rated funds that had excessive fees, which resulted in the loss of $20 million; they seek to turn their suit into a class action representing all affected employees from 2005 to present.
According to the Star Tribune, industry observers estimate that Napster now has 400,000 subscribers-significantly fewer than the 706,000 that it had when Best Buy acquired it three years ago-and Napster hasn't been able to overtake Apple's iTunes.
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