Shortly after finalizing its purchase of Nalco Holding Company, Ecolab said that it's embarking on a restructuring and cost-saving effort that will result in pre-tax special charges of $480 million over the next couple of years-but fuel cost savings of $250 million annually by the end of 2014.
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Data backup and storage provider Code 42 Software, Inc., has secured $52.5 million in venture funding, which it plans to use to accelerate product development.
Overall ridership on Metro Transit services climbed 3.5 percent in 2011, driven primarily by increased bus rides; rail transportation, meanwhile, fell just short of year-prior levels.
Minnesota's unemployment rate dropped another 0.2 percent in December to reach 5.7 percent, as the state added 7,900 jobs.
Yamamoto Moss Mackenzie is now Yamamoto, and it has recently added three industry veterans to its leadership team.
Chanhassen-based Snap Fitness said that it recently acquired Kosama Complete Body Transformation, which franchises clubs that offer instructor-led fitness classes that do not use cardio or weight machines.
The Minneapolis-based retailer said that "it is not in its best interests to finalize a transaction at this time" but plans to re-engage in discussions with a limited number of potential partners later this year.
Carlson Hotels and its Brussels, Belgium-based partner The Rezidor Group will now operate as the Carlson Rezidor Hotel Group.
Shari Ballard has been named president of Best Buy's international business, and Mike Vitelli will serve as president of the electronic retailer's U.S. operations. Ballard and Vitelli formerly shared responsibilities for Best Buy's domestic business.
Later this year, furniture and home design retailer Arhaus, footwear provider Marmi, and Allure Intimate Apparel will set up shop at the upscale mall in Edina; meanwhile, three retailers will leave and several others will move spaces.
The founders of Minneapolis-based start-up My Wonderful Life-which offers an online service that allows users to plan their own funeral-will present their business plan to a group of potential investors on ABC's Shark Tank.
The appeal follows two previous appeals to lower courts, both of which were unsuccessful.
Three local clubs-First Avenue, 7th Street Entry, and The Cabooze-were on Pollstar's 2011 list of "top 100 club venues."
R.T. Rybak discusses the past 10 years he's served as Minneapolis mayor in an exclusive interview with TCB Editor In Chief Dale Kurschner.
Rapid City, South Dakota-based Black Hills IP, LLC opened its first Minnesota office in the TCF Tower in downtown Minneapolis.
The insurance giant is reportedly awaiting regulatory clearance, but if all goes as planned, its Thrivent Financial Bank subsidiary will become Thrivent Financial Credit Union this summer.