Sixteen of the company's executives will receive bonuses if the company meets certain financial goals; the company handed out similar bonuses during its first bankruptcy in 2008.
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Former Pinehurst Bank President John Markert was found guilty on five counts of misapplication of bank funds. Gregory Pederson, the bank's former chief credit officer and senior vice president, was acquitted of each count that he faced.
St. Jude claims that a recently published article that analyzed deaths tied to defibrillator leads contains "substantial errors" and a "biased analysis."
I grew up on a 20-acre hobby farm complete with a half-acre garden, horses,
On the Reputation Institute's list of "America's Most and Least Reputable Big Companies," the Golden Valley-based food manufacturer jumped 14 spots from its 2011 ranking and beat out Seattle-based Amazon, last year's top-ranked company.
According to Forbes, Willard Oberton is one of 10 public company CEOs in America who have delivered the highest returns to their companies' shareholders relative to their total compensation.
Same-store sales rose 7.3 percent last month, beating the expectations of both Wall Street analysts and the company itself.
Magnet 360-which now bills itself as a "social enterprise agency"-says it will offer a comprehensive set of "social business" services to large business clients, including General Mills, Ecolab, Medtronic, and 3M.
Xollai has developed guidance technology for unmanned aircraft and will become part of ReconRobotics' product engineering and design operations.
Best Buy is looking to roll out a new Teen Tech Center program this year in Minneapolis, Chicago, and Miami, and it's seeking local partners to support the initiative.
HealthPartners, Medica, Blue Cross and Blue Shield of Minnesota, and UCare last year agreed to cap their 2011 profits from insurance coverage to low-income Minnesotans at an amount equal to 1 percent of revenue; they pledged to return the rest to taxpayers.
Vikings Vice President Lester Bagley contends that MPR's calculations miss a key contribution to the deal: a team to put on the field.
A new law changes the statute of limitations from six years to two years for clawback lawsuits seeking fraudulent transfers made to charitable organizations.
The Minnesota Department of Transportation plans more than 300 construction projects throughout the state this year, including the resurfacing of major interchanges, bridge replacement, and the improvement of airport runways.
S&P said that Best Buy's recently announced cost-cutting measures, which involve closing 50 big-box stores and opening 100 smaller Best Buy Mobile stores, indicate that "its current business model is not working and that the steps taken to date have not been enough to improve performance."
Jeffrey Graves succeeds William Murray, who became interim CEO after Laura Hamilton left in August as the company was being investigated for its export practices.