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Turning Around Imation

Changes that go to its very core appear to hold the greatest promise yet for this struggling 3M spin-off.


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Best Buy Unable to Fill Some Holiday Orders

The retailer has reportedly informed an undisclosed number of customers that, due to overwhelming demand, their orders from will not be filled in time for Christmas.

Former Bixby Leader Indicted on Fraud Charges

Bob Walker stands accused of raising $43 million from about 1,800 investors while lying to them about compensation received by company officers, misstating the capability of the company's alternative energy technologies, and falsely leading them

Globally Local

Software developer Warecorp unites offshoring with a social entrepreneurial focus.

Group Raises $10M to Support Central Corridor Biz.

The Central Corridor Funders Collaborative has awarded millions of dollars in grants to support economic development around the Central Corridor light-rail line, and it will enter 2012 with about $5 million available to invest.

Local App Developer Takes 3rd in Nat’l SBA Contest

Eden Prairie resident Robert Grogan developed a smartphone application that finds property rights, solar energy potential, and oil and gas lease statuses for entrepreneurs looking to develop new forms of energy.

Mpls. Fed Sees Sunny Outlook for MN in 2012

The Minneapolis Fed predicts faster-than-average employment growth of 2.8 percent in Minnesota next year and anticipates that the state's unemployment rate will fall below 6.5 percent; meanwhile, Minnesota is expected to return to pre-recession employment

The O Factor

Minnesota Opera's original productions are reinventing opera's historical business model.

Where Old is New Again

Blinc Publishing is a local pioneer in the use of "analog" printing and graphic design. Target, for one, digs the look.

New Balance Rebalanced

Minneapolis design agency, Knock, wins an international design award for its shoebox.

New Year, Updated You

What better time to call on a few local experts to update your look? Here are five who can help take your personal image to a new level.

Resolve to Enjoy January

In the spirit of new beginnings, we offer an array of January-specific pleasures and distractions, both indoors and out.

3M to Buy Avery Dennison Unit for $550M

The Maplewood-based company has agreed to purchase Avery Dennison's office and consumer products business and said the acquisition will expand its global presence in the industry.

Anytime Fitness Expands to Middle East

The company's entrance into the Middle East is its latest in a series of international expansions; within the past year, it has opened nearly 300 clubs and now boasts 1,700 clubs worldwide.

Four Local Office Towers Sold in Dec. for $184M

The MoneyGram Tower and the 1600 Tower in St. Louis Park, Two MarketPointe in Bloomington, and the Colonnade office tower in Golden Valley all were reportedly acquired in deals that closed last month.

Granite City Buys 4 More Cadillac Ranch Eateries

To date, the company has closed on the purchase of five Cadillac Ranch restaurants in four states, paying $7.7 million; it intends to pay another $1.5 million to buy three more locations in an effort

100% of Caribou’s Beans Now Sustainably Sourced

Brooklyn Center-based Caribou Coffee claims to be the nation's first major coffee retailer to source all of its beans from farms that meet sustainable standards developed by the Rainforest Alliance.

Dayton Sets Stadium Plan Deadline; Wilf Warms to Mpls.

Vikings owner Zygi Wilf reportedly met recently with key political leaders and displayed maps showing how a new stadium might fit at two different Minneapolis sites. Governor Mark Dayton, meanwhile, sent letters Thursday to Ramsey

Former Capella Exec. Martin Named Ceridian CFO

Lois M. Martin, whose career spans 26 years, left Capella at the end of 2010 after spending six years there; in her new role, she'll be responsible for corporate-wide financial strategy, management, and reporting.

MN Taconite Production Continues to Climb

An estimated 38.9 million tons of iron pellets were produced by the state's mining operations in 2011, up from 35.1 million tons in 2010 and up dramatically from 17.1 million tons in 2009.

Whitebox Launches Mutual Funds for Retail Investors

The two new mutual funds-one of which is currently available for investment and another that's set to launch sometime this quarter-mark the hedge fund managers' first products available to individual investors.

Best Buy CEO Fires Back at Harsh Critics

Brian Dunn acknowledged some of Best Buy's shortcomings but refuted the idea that the company may gradually be going out of business. Comments from online readers, however, echoed some of the complaints made by critics-namely,

3M Debuts “Smart Pen” for Touchscreen Devices

The pen, which is available for $18.99 through, features a detachable lid that attaches to the speaker jack of a variety of portable devices, including Apple's iPhone, iPad, and iPod touch.

Jon Davis Succeeds His Father as Davisco CEO

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

Mpls. USDA Office Among 259 to Be Closed

The U.S. Department of Agriculture said that its plan to shutter 259 offices in the United States and seven foreign offices will cut annual costs by about $150 million.

Which MN Cos. Are at the Consumer Electronics Show?

In addition to the usual big-name suspects, a handful of other Minnesota companies will unveil revolutionary new offerings ranging from a first-of-its-kind content delivery platform to a smartphone case that only covers the phone's four

3M Files Counterclaim Against Met Council Over Pollution

The state and the Metropolitan Council sued 3M, alleging that chemicals manufactured by the company have caused environmental damage-and 3M has filed a counterclaim, which argues that the Met Council dumps chemicals into the river

Dayton Unveils Jobs Plan, Proposes $775 Million Bill

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

Starkey Labs Becomes Starkey Hearing Technologies

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.

Target to Open Specialty Boutiques Within Stores

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

Best Buy CEO Again Responds to Critics

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

Best Buy Restructures Key Leadership Positions

Shari Ballard has been named president of Best Buy's international business, and Mike Vitelli will serve as president of the electronic retailer's U.S. operations. Ballard and Vitelli formerly shared responsibilities for Best Buy's domestic business.

Galleria Announces New Stores, Some Departures

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

Local Start-Up to Appear on ABC’s Shark Tank

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.

U Start-Up Builds App for Safer Teen Driving

The DriveScribe mobile application blocks incoming calls, e-mails, and text messages while a vehicle is in operation; provides voice commands; and calculates a "safe driving score" after each trip; among other functions.

Buffets Enters Bankruptcy; 81 Restaurants to Close

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

Dayton Finds Faults in Stadium Plans, Leans Toward One

The governor appears to favor the Linden Avenue site near the Basilica of St. Mary, although he believes all three of the front-runner proposals have problems that could prevent a stadium proposal from receiving legislative

Ecolab to Cut 500 Positions in Post-Merger Restructuring

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

Snap Fitness Buys Iowa-Based Fitness Chain

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.

Target Suspends Efforts to Sell Credit Card Portfolio

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.