The new name, “Edmentum,” takes effect immediately; the company, which was acquired by a private equity firm in 2010, has since made key acquisitions that have expanded its offerings.
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The state's unemployment rate remained unchanged at 5.8 percent last month; the professional and business services sector shed the most jobs, while other sectors, like construction, added jobs.
The company plans to rename the just-acquired dealership Chevrolet of Delano and make its power sports division a standalone dealership; the acquisition is the latest in a series of dealership purchases that it has recently made.
Hubert Joly also reportedly plans to expand Best Buy’s private-label business and is considering leasing consumer electronics to homeowners and then generating fees from connecting and updating devices.
Stream Global Services will fill about 50 jobs immediately and another 100 within the next few months; all 150 employees will serve a single unnamed client in the entertainment industry.
The fast-growing fitness center chain said that it has bought hair-removal company Waxing the City, which will open its first Minnesota location in Woodbury next month.
Imris, Inc., will relocate about 60 employees from its current home office in Winnipeg and hire local residents for an additional 70 positions.
Hutchinson Technology’s second-largest shareholder is encouraging the company to consider selling one of its divisions and to explore other alternatives if it’s unable to return to profitability during its current fiscal year.
A company executive said that opening stores on the evening of the holiday will create an “after-dinner shopping event that the entire family can enjoy”—but more than 190,000 people have signed an online petition protesting the decision.
The company said that the U.S. Department of Justice has issued a “second request” for additional information and documentation related to the deal; such requests were issued in just 4.1 percent of merger transactions submitted to federal antitrust regulators during the government’s 2011 fiscal year.
Among his priorities: “Stabilize and then begin increasing” same-store sales, and “achieve over time” an operating margin of between 5 and 6 percent and a 13 to 15 percent return on invested capital.
Last year, the event raised $13.56 million for Minnesota nonprofits and charities.
Best Buy, which has been restructuring its leadership team under CEO Hubert Joly, said that former Williams-Sonoma Chief Financial Officer Sharon McCollam will succeed outgoing CFO James Muehlbauer.
Roughly 25 products in Target stores nationwide and more than 300 products on Target’s website now feature reviews written by editors at technology news website CNET.
Lessons learned at the state’s most influential journalistic startup.
It’s time to let the private sector help reform government spending.