The Starkey Hearing Foundation raised $7.6 million at its 12th annual gala, which attracted celebrities Bill Clinton, Robin Williams, and Chevy Chase, among others.
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Duluth-based Cirrus Aircraft will produce airframe components for ICON Aircraft’s light sport planes, which can take off and land on water or conventional runways.
Fitch Ratings and Standard & Poor’s both downgraded their credit ratings for Best Buy, saying that a buyout by founder Richard Schulze would add significant debt.
LCH Pavement Consultants, which Target hired in 2009 to oversee parking lot repairs and maintenance across the country, allegedly conspired with several other companies to inflate and fix prices, misrepresent work being done, and distribute kickbacks.
Current CEO Wayne Fortun will take over as chairman following co-founder Jeffrey Green’s retirement from the position.
The company also raised its revenue guidance for 2012, from about $71 million to between $75 million and $76 million.
Richard Schulze offered $24 to $26 a share. The company described the offer as “highly conditional,” and one analyst said that the move seems “more like a negotiating tactic than a fully-funded and committed offer.”
The settlement includes $263,000, which Mayo has already paid to the government, and an additional $1 million payment.
WSI Industries said that its 47,000-square-foot expansion will accommodate new machinery and new employees.
Carleton College was the highest-ranked Minnesota school, coming in at 31st on Forbes’ annual list of the best colleges and universities in the nation.
The cuts are part of the struggling grocer’s plans to restructure its technology department in an effort to reduce costs and increase efficiency.
Employees and commissioners have helped the county save approximately $4.4 million in the past two years through voluntary unpaid leaves and returned pay.
3M cited “betrayal” motivated by “greed” as a reason for Covington & Burling’s move to help the Minnesota attorney general in a lawsuit against the Maplewood-based company.
The publisher of Metro said it will reallocate resources to its community, business, and bridal magazines.
Pat Murray, son of the restaurant’s founders, died Monday at his home in Lake Elmo.
Woodbury Financial Services will become part of American International Group’s broker-dealer business, Advisor Group.