While the exact number of local cuts is unclear, Thomson Reuters informed some Minnesota employees this week that their jobs will be eliminated as part of a companywide reduction.
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Minnesota was ranked the sixth-worst state for entrepreneur- and small business-friendly tax and regulatory policies.
Locally based digital-networking site Pollen merged with South Dakota-based OTA, and it has received a commitment of up to $3 million in funding over three years.
Tom O’Neill has been promoted to president of local Web development firm The Nerdery; Mike Derheim retains the CEO title.
Minnesota ranked third in the nation in a recent United Health Foundation report based on residents’ access to health insurance, low levels of air pollution, and high education levels, among other factors.
The state’s economic development agency will award grants to 16 Minnesota organizations that provide job and skills training for economically disadvantaged or at-risk teenagers and young adults.
Schaefer Law Firm is now Schaefer Halleen, as Toni Halleen has become co-owner of the local firm.
U.S. Bancorp agreed to pay “Freddie Mac” $53 million to resolve its mortgage buy-back obligations, adding to the more than $18 billion paid out by other banks in similar settlements.
TCF is closing one of its downtown Minneapolis branches, along with 37 others in Indiana and Illinois that are housed within Jewel-Osco grocery stores; the move will result in up to 200 job cuts.
Shortsighted revenue policies are inciting a slow but meaningful exodus.
The Natural Resources Research Institute is helping revive timber companies, along with other traditional extractive industries.
Skybridge Americas, which is based in the western suburbs and was previously part of Carlson Marketing, is adding jobs after landing new clients and extending a key contract.
Lou Nanne will lead fundraising efforts for $190 million in upgrades at U of M sports facilities; TCB recently reported on the school’s ambitious plans.
Sixteen Minnesota companies received perfect scores and earned the distinction of the “Best Places to Work for LGBT Equality” in a recent report that rates corporate policies and practices relating to LGBT employees.
A California investment firm purchased two of Cargill’s three corporate buildings in Hopkins; the two buildings totaled more than 500,000 in square footage.
While the company’s primary operations remain in Golden Valley, Pentair is shifting its official place of incorporation from Switzerland to Ireland, citing a more advantageous legal and regulatory system.