Scott Durchslag will lead Best Buy’s website and e-commerce initiatives as the company attempts to turn itself around and its founder works on a private takeover attempt.
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According to new data, Wells Fargo holds 43 percent of bank deposits in Minnesota—up from its 30.5 percent share last year and nearly double the 22.5 percent share held by local competitor U.S. Bank.
The White House has decided to fast-track the federal permitting and environmental review process for the Southwest Corridor light-rail line.
Xcel wanted to phase out the program, which has provided $15 million in subsidies to roughly 560 homeowners and businesses since it began in 2010, but Minnesota regulators ordered that the company continue its support of the state’s growing solar industry.
Additional company executives made appearances on American Banker magazine’s 25 “women to watch” ranking and its list of top banking teams.
The national organization, which represents 56 unions, said it endorses a boycott of American Crystal Sugar products; meanwhile, an American Crystal Sugar representative said the company is currently focused on its replacement workers.
In a survey in which 10,554 diners weighed in on everything from their favorite burger and fries to salad and fast-food chain, Caribou Coffee and Buffalo Wild Wings were among the local chains that did well.
A union representing former employees of Qwest, which merged last year with CenturyLink, has authorized a strike in the event that workers are unable to reach a labor agreement by midnight on Sunday.
Navigate Forward guides later-career executives toward their future. Its North Star: Define your brand.
The musicians rejected a proposal from the orchestra’s leaders, which would have cut players’ average annual pay from $135,000 to $89,000; the organization, which said it can’t afford to continue paying players under the former contract, subsequently locked out the musicians.
Following Thursday’s workplace shooting, the employees of Accent Signage Systems said they intend to “honor the memories of our colleagues and friends by continuing to grow the company they helped build through their hard work and dedication.”
Ceradyne, which makes high-tech ceramics and reported $572 million in 2011 revenue, will join the energy and advanced materials division within 3M’s industrial and transportation business.
The company said that Ryan Gilbertson resigned from his position at the oil extraction and production company he cofounded to pursue other business and charitable activities.
A group of Aetrium investors seeks to join the board of directors, study the company, and ultimately improve shareholder value; Aetrium CEO Joseph Levesque says the board nominees lack industry experience and that the current board opposes the group’s actions.
A company spokesman said that website visitors have experienced “intermittent delays,” but “personal data and funds are secure.”
Minneapolis-based Cornerstone Capital Management said the investment will allow it to benefit from New York Life’s “global breadth and depth in distribution, marketing, and service.”