Eligible Hormel Foods workers received a share of $16.5 million in profit-sharing payouts; meanwhile, Marvin Windows and Doors, which has traditionally given bonuses to its workers, reportedly will not pay out profit-sharing bonuses this year due to a slumping housing market.
latest articles
The Bloomington mega mall welcomed more than 15,000 shoppers as it opened at midnight on Black Friday.
New York-based Kohlberg Kravis Roberts & Company has agreed to buy the company for $1.12 billion from Capital Safety's London-based owner, Arle Capital Partners.
Casey Carl will oversee Target's digital efforts, including its new Web site, which has crashed several times since its launch.
The December issue of Twin Cities Business features 200 notable Minnesotans-and the full list is now available online and on selected newsstands.
After an undercover video depicting animal abuse at Sparboe Farms prompted Target and McDonald's to cut ties with it, Lunds and Sam's Club have reportedly also pulled the farm's eggs from their stores.
Minnetonka-based UnitedHealth Group-which reportedly serves 7 million Medicare recipients-will add another 113,000 members with the purchase of Baltimore-based Medicare insurer XLHealth Corporation.
Non-traditional advertising company AllOver, which has placed ads at about 40,000 gas stations and convenience stores across the country, has bought Intran Media Vehicles, which puts vinyl advertising on trucks.
The Moorhead-based sugar producer has reportedly begun advertising for temporary workers and said that its "long-term goal" is to hire 1,300 workers if the lock-out continues.
All of the nearly $16 million in angel tax credits available this year was used up as of last week; but the state has another $12 million in credits to distribute in 2012 and has begun accepting applications from investors and businesses wanting to participate in the program.
A California-based investor announced that it collaborated with two other community development entities to provide a $23 million tax credit financing package for the renovation of the downtown Minneapolis building, which is expected to be completed in February, although tenants will begin moving in next month.
A report released Tuesday by Minnesota Management and Budget found that the shutdown in July posed challenges for the public and state employees who were out of work for 20 days-but the state won't feel a long-term economic impact.
Irvine, California-based L.A. Fitness-which has 12 fitness clubs in the Twin Cities-is buying 171 clubs from Chicago-based Bally Total Fitness, including all five of Bally's Minnesota locations.
The medical device company's Washington-based Physio-Control unit has reportedly been plagued with quality issues since Medtronic bought it in 1998, but buyer Bain Capital, LLC, called it a "market leader" and said that it has exciting "growth prospects."
Target reveals its doorbuster deals, a Mpls.St.Paul magazine editor shares events that begin even before midnight on Black Friday, and the anti-Black Friday movement appears to have picked up steam, although stores are set to open earlier than ever this year.
A former U.S. comptroller general sounds the alarm about the federal budget.