The Richfield-based electronics retailer said eliminating 400 jobs at its headquarters will help cut costs by $150 million—but it marks only the first step in a larger cost-reduction strategy.
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An analyst report says TCF is the regional lender most likely to be sold this year, due in part to “uncertainty over CEO succession”; a TCF spokesman said, however, that the bank’s stance has long been that it would consider a reasonable offer.
The Twin Cities ranks ninth among 358 major metros in terms of patents produced annually—and Rochester ranks third for patents issued per capita.
Sales plunged 57.9 percent in the fourth quarter of 2012, and the company reported a net loss of $6.5 million for the period; CEO Kitty Iverson, who said she was “disappointed with our weak performance,” expects a challenging first quarter but gradual improvement later in the year.
The area surrounding the Bakken rock formation has seen a spike in oil production in recent years, bringing both job seekers and businesses to the area—including some with local ties.
Developers say the city is an attractive option for apartments because of the retail development The Shops at West End and the city’s close proximity to downtown Minneapolis.
In addition to the Vikings’ football field, the new stadium design will accommodate a baseball field, retractable seats on the north sideline, and removable dugouts.
The Bloomington-based maker of filtration systems lowered its sales and earnings outlook, saying it expects continued weakness in certain markets amid continued economic uncertainty.
Local incentives, including a reported $4.9 million tax incentive package, helped lure an investment that city and state officials believe will help retain about 1,200 jobs in Owatonna.
An independent study commissioned by 3M, which makes privacy filters for computers and mobile devices, found that lost productivity stemming from employees’ visual privacy concerns could potentially cost a U.S. business with more than 7,500 workers in excess of $1 million annually.
Say goodbye to rubber chicken.
At Liquor Boy in St. Louis Park, everyday low prices trump the upscale environs.
At the Target Center
At the Minneapolis Institute of Arts
At the Ordway McKnight Theatre
At the Orpheum Theatre