November 2011 More Back issues

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Featured Stories

Re-Energizing The Wild

With incredible fanfare, the NHL team debuted in 2000 and made the playoffs three times in its first seven seasons. Then came an ownership change and three years of lackluster performance—a trend that lead investor


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Better To Give

The holiday season is coming faster than you think. This year, fully embrace your brand when picking gifts for your employees and colleagues. We’ve chatted with a few local retailers and execs for their best

Making a Statement

Apex Print Technologies’ electronic billing software is helping health care clients cut costs and increase cash flow.

4 MN Companies Among 100 Greenest in U.S.

Best Buy, Medtronic, U.S. Bancorp, and 3M Company were among the 100 greenest U.S. companies on Newsweek's annual "Green Rankings" of the 500 largest public companies in the nation.

American Crystal, Workers Resume Talks

Nearly three months after American Crystal Sugar Company locked 1,300 employees out of their jobs, the Moorhead-based co-op is resuming talks with the workers' union.

Mesaba Airlines to Close Eagan HQ, Cut 193 Jobs

With the closure of the regional airline's Eagan office, about 200 of the company's 800 jobs in the state will reportedly be cut, and it's unclear how many workers will be offered other jobs at

MN Mftg. Cos. Struggle to Fill Jobs; High Demand for IT

Minnesota's manufacturers are having a difficult time finding qualified workers to fill open positions; meanwhile, there has been an uptick in demand for IT workers in Minnesota and across the country, according to several recent

Pawlenty Joins Boards of 2 Cos, Including 1 in MN

Miromatrix Medical, Inc.-which is about to move to a laboratory in Glencoe-and Atlanta-based RedPrairie Corporation separately announced last week that the former governor has joined their boards of directors.

MN Banks to Get Up to $100M for Business Lending

Governor Mark Dayton announced that the state will disburse up to $100 million among community banks to spur lending to small businesses, thus doubling the amount provided through an existing program.

Mortenson: Arden Hills Stadium Can Be Open By 2015

Despite a recent report from the Metropolitan Council that described the proposed timeline as "aggressive" and "unrealistic," Mortenson said it has "complete confidence" that the proposed Vikings stadium in Arden Hills can be built by

Regis Investor Wins 3 Board Seats in Proxy Fight

Shareholders of the local hair-care company voted to elect all three of the individuals nominated by Starboard Value LP, a hedge fund that has been involved in a contentious proxy battle with Regis and called

Another Target Exec Announces Plan to Depart

Shortly after Chief Marketing Officer Michael Francis and President Steve Eastman resigned their positions, Executive Vice President and Chief Financial Officer Doug Scovanner said he'll retire in March.

Medtronic CEO: No Advantage in Spine Biz Spin-off

CEO Omar Ishrak told Reuters that Medtronic executives have explored whether the company's different businesses can perform better on their own; but the spine unit benefits from other Medtronic businesses, like one that makes surgical

Target, MOA to Open at Midnight on Black Friday

Target will keep its stores open 23 hours-until 11 p.m.-the day after Thanksgiving; a number of other retailers will also open earlier and stay open later in an attempt to attract more shoppers.

U.S. Bank CEO Tells Biz Leaders to “Get Over It”

Richard Davis told local business leaders at the Minnesota Chamber of Commerce's annual meeting that while an economic recovery may take time, businesses should be focusing on and investing in their own operations.

With Holidays Approaching, Target Sees Sales Growth

With the holiday shopping season right around the corner, Target reported that its year-over-year, same-store sales growth in October was almost double that experienced between October 2009 and 2010; still, the results fell short of

Best Buy Joins Others in Black Friday Midnight Opening

The Richfield electronics retailer announced that it'll open at midnight on Black Friday-like Target and many other retailers-but CEO Brian Dunn said he was not happy about the race to unlock doors early because it

Gittleman Management Sold to Canadian Firm

Toronto-based FirstService Corporation announced on Monday that it has acquired Gittleman Management Corporation, a Bloomington-based residential property manager, for an undisclosed amount.

Judge Dismisses MPR Suit Against Met Council

A Ramsey County district court judge reportedly called MPR's lawsuit "premature"; MPR wanted the Met Council to use a steel-springs system in order to reduce vibrations in front of MPR's broadcast facility, but the less

KSTP Slapped With $1M Defamation Verdict

A jury awarded the compensatory damages-$100,000 in lost earnings and $900,000 in damage to reputation-to a holistic healer in Hudson, Wisconsin, who sued KSTP after a 2009 story about the treatment that she provided to

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.

New Agency to Help Grow MN’s Minority Businesses

Minority businesses that have more than $1 million in revenue will be eligible for assistance at the new Minority Business Development Agency, which aims to help such companies secure more than $21 million in annual

Plato Learning Buys Virginia-based Educational Co.

Less than a month after losing a bidding war for Renaissance Learning, Inc., Plato Learning announced that it has bought Virginia-based Educational Options, Inc, a provider of online learning tools.

Target Works to Fix Web Site Before Holidays

With Black Friday quickly approaching, and retail Web sites expected to be a key component in driving holiday sales, the company says it has a team working to ensure that its site is operating efficiently

U.S. Bank Pledges to Double Military Hiring in 2012

The company announced that next year, it will double the number of current and former military members it hires-which totaled about 200 this year as of October-and will offer two weeks of paid leave each

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.

Capella to Lay Off 65 Employees

The Minneapolis-based company, which owns Capella University, will inform the affected employees during the next two days.

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

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

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

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

Fairview Buys Local Clinic With 2 Locations

Bloomington Lake Clinic's Bloomington location will begin operating as a Fairview clinic this month; the South Minneapolis location will reopen under the Fairview name in spring 2012.

Life Time Fitness to Buy Nine Clubs in Three States

The Chanhassen-based fitness club operator did not disclose the terms of the deal, under which it will buy a total of nine clubs in Indiana, North Carolina, and Ohio from Florida-based Lifestyle Family Fitness.

Give to the Max Day Raised $13.56M for MN Charities

The total funds raised during the third annual event surpassed last year's donations but were shy of the money raised in 2009; the event set a new record, however, for the number of participating donors

Polaris Buys Another Electric Vehicle Maker

The purchase of France-based Goupil Industrie marks Polaris' third recent investment in electric vehicles; this year, it also bought electric-vehicle maker Global Electric Motorcars and purchased a minority stake in Brammo, which makes electric motorcycles.