Non-discretionary merchandise accounted for 44 percent of sales in 2011, up from 39 percent in 2009-and driving the shift is a strategy to induce the retailer's loyal, high-income shoppers to buy more rather than attracting new customers, according to a recent Star Tribune Point of Sale blog post.
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Minnesota companies sent $702 million worth of products to South Korea last year, and the state now stands to benefit from a free trade agreement that will eliminate most tariffs on goods exported there.
UnitedHealth Group's international division has expanded health insurance coverage to employers that have workers in the Middle East.
The Minneapolis-based cereal company has bought the rights to the "choice of a new generation" tagline, which it will use in a video advertisement for its Better Oats line of instant oatmeal.
Barbara Puro and co-conspirators-several of whom have been sentenced for their role in the crime-operated a mortgage fraud scheme that allegedly involved more than $10 million in fraudulent loans.
The two were among 15 banks that the Federal Reserve projects will have adequate capital should a financial crisis occur.
The deal, the financial terms of which were not disclosed, includes the rights to the Cass-Clay brand in addition to a Fargo milk processing plant.
Rochester and Minneapolis followed close behind and ranked third and fourth, respectively, in a ranking recently released by the Commonwealth Fund.
Capital Safety, which employs about 400 at a plant in Red Wing, is moving its corporate headquarters from London to the Twin Cities.
The non-traditional advertising company most recently purchased The Wide Format Shop, a Minnetonka-based print shop that produces ads for the sides of trucks and ice boxes and other large vinyl graphics and banners.
White Earth Nation said that a Twin Cities casino could bring the State of Minnesota between $726 million and nearly $1 billion in revenue by the end of its first five years of operation; the tribe said the money could be used to fund the state's share of a new Vikings stadium, among other things.
A proposal to build a $975 million Vikings stadium received its first hearing in front of a Senate committee on Wednesday, but the committee indefinitely postponed a vote on it.
The company, which entered Chapter 11 bankruptcy mostly to exit its lease in an Anoka facility that became too expensive, has also relocated its headquarters to Plymouth.
Land O'Lakes, GE Capital Fleet Services, Bassford Remele, and Burlington Northern Santa Fe took the top corporate awards.
The grand opening of Fulton Beer's taproom attracted more than 1,000 craft beer fans, and the brewery said it will use the new taproom revenues to invest in continued growth.