The Archive

Canterbury Aims to Recoup $3M Lost During Shutdown

The company-which resumed operations on Thursday-is looking at ways to make up the estimated $3 million that it lost during the government shutdown, including adding races, extending the racing season, and rescheduling Fourth of July festivities.

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St. Jude to Cut 450 Jobs in Sweden, Move Some Mfg.

The Little Canada-based medical device company experienced a decline in U.S. sales within its cardiac rhythm management division during the second quarter; moving that division's manufacturing to Puerto Rico and Malaysia is expected to cut costs.

Supervalu to Bring 250 Stores to ‘Food Deserts’

Company executives joined First Lady Michelle Obama on Wednesday at the White House to outline efforts to fight childhood obesity; Supervalu estimates that its new stores will provide better access to fresh fruit, vegetables, and meat for 3.75 million people and create up to 6,000 new jobs.

Cohort in Cook Scheme Admits He Lied About Assets

Jon Jason Greco admitted that he lied to investigators last summer about money and coins that he stashed in a Mall of America locker; but, according to the Star Tribune, he insisted in court on Monday that he didn't know they belonged to Ponzi scheme operator Trevor Cook.

ReelzChannel Viewers Up Since Kennedys Series Debut

Unique viewers now total between 8.5 million and 9 million-up substantially from about 3 million in January; on the success of The Kennedys miniseries, which debuted in April, ReelzChannel CEO Stan Hubbard plans to bring more miniseries to the network in the coming months.

Capella Buys U.K. Online Education Co. for $14.9M

The company, Resource Development International, develops and delivers online higher-education programs across the U.K.; its 2010 fiscal-year revenue totaled about $13.9 million, and Capella's CEO sees it as a business with "significant opportunity for long-term growth."
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