A Merrill Lynch analyst reportedly said that a Best Buy buyout is unlikely due to the difficulty of obtaining necessary financing; she also restored an “underperform” rating to Best Buy’s stock.
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J.J. Taylor, which employs about 230 in Minnesota, is acquiring Chisago Lakes Distributing, a 35-employee distribution company located north of the Twin Cities.
While working at Environmental Tillage Systems, Ronald Lea Schaeffer allegedly wrote false checks from the company to himself and used the stolen funds to build a lake house in Elysian, Minnesota, and to make payments on home equity or auto loans.
The two senators reportedly believe that the 2.3 percent tax on medical device sales will hurt companies’ profits and lead to job losses in the country.
A few suggestions for priorities at the capitol.
Michael Francis, who spent more than two decades at Target Corporation before leaving last year and then serving brief stints at J.C. Penney and Gap, has become DreamWorks Animation’s first-ever chief global brand officer.
The company, citing a downturn in the global electronics market, cut roughly 20 positions, and the reductions were split between its Minnesota headquarters and its Singapore operations.
New store openings in the United States and in Canada have also helped the women’s clothing retailer, which posted record sales in its most recent quarter.
New partnership sets cradle-to-career goals for all metro students
Strategy alone is like one hand clapping . . . it doesn’t work!
The sugar producer’s net proceeds declined 32 percent in its 2012 fiscal year, and the union representing its locked-out workers say that’s because of the higher costs associated with having replacement workers.
Despite warnings from economists that the “fiscal cliff” could have dire consequences for the U.S. economy, more than half of those who responded to a recent poll indicated that it might be sensible to take the plunge.
Target’s collaboration with Neiman Marcus got off to a slow start, according to a report; in a move unrelated to the partnership, Target Chief Marketing Officer Jeff Jones said in a new video that the retailer will focus on “content instead of campaigns.”
TechForward accused Best Buy of stealing its concept for a buy-back program; Best Buy said it “completely disagrees” with the size of the award in the case and plans to “vigorously challenge this verdict.”
Governor Mark Dayton has reportedly said he is committed to making tough tax and spending decisions in order to eliminate the projected deficit.
According to Bloomberg, Cerberus Capital Management LP—which was previously considering making a bid for the company as a whole—might instead seek control of its two largest chains, Albertsons and Save-A-Lot.