Greenlight Capital told investors that Best Buy is “trying to come up with a strategy” following the departures of CEO Brian Dunn and Chairman Richard Schulze, which could lead to additional “business disruption.”
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The St. Paul-based bank, which was founded in 1915, will become a wholly owned subsidiary of American National Corporation but will retain its headquarters and name.
The company has signed franchise agreements to open locations across the Middle East and in Puerto Rico over the next few years; it also plans to open 70 new locations in the United States and Canada this year.
The leader of the AFL-CIO pledged support for the local union that represents workers who were locked out by American Crystal Sugar, saying that the organizations are “escalating their campaign for fairness and justice at the company.”
After experiencing more than $17 million in losses at its Hong Kong office over the past 18 months, Piper Jaffray Companies has decided to close the office and expects the closure to boost its financial performance.
Union, a new restaurant planned for the downtown Minneapolis space, will feature American cuisine and a rooftop dining area with a retractable glass roof.
The Minnesota Department of Employment and Economic Development will begin accepting applications in November for the $12 million in credits that’s available next year.
The retailer released preliminary second-quarter financial results showing year-over-year improvement, a move that’s presumably in response to recent criticism from an investor and would-be buyer.
Minneapolis is now accepting proposals from developers to build 100 “green” homes in North Minneapolis over the next five years using $3 million in grants and loans.
Barbara Kaye Rechtzigel is accused of stealing money from the CD accounts of customers of Minnwest Bank in Marshall.
The upscale retailer said that it will shutter its Gaviidae Common store by July 2013 as it didn’t meet “long-term operational goals.”
Don Delves, who worked with Best Buy’s compensation committee for seven years, reportedly quit after the retailer awarded retention bonuses not tied to performance to more than 100 managers.
Target said that a recently announced interchange fee settlement “would perpetuate a broken system, restrict retailers from any future legal action, and offer no long-term relief for retailers or consumers.”
Medina-based Polaris Industries and New Delhi-based Eicher Motors Limited will together form a company and invest about $50 million over the next three years to develop a new line of vehicles for India and other emerging markets.
The venue, which is now called Mill City Nights, said that it has renovated the club to create a “smaller, more intimate venue that is certain to deliver on customer expectations.”
The company, Flagstone Foods, is hiring for more than 30 positions at its new headquarters building.