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Best Buy Swings to Loss on Restructuring Costs

Best Buy Swings to Loss on Restructuring Costs

The retailer’s first-quarter net loss totaled $81 million, and its revenue declined nearly 10 percent; cost-cutting initiatives and the shift in the timing of Super Bowl-related sales both contributed to the declines.

3 Firms Bid on Vikes Stadium Parking; Stakes High for Ryan

Three local real estate developers submitted proposals to develop parking facilities near the new Vikings stadium development; stakes are high for Ryan Companies, which must win the contract in order to begin a planned $400 million redevelopment project involving a five-block area surrounding the stadium site.