The Chanhassen-based fitness club operator did not disclose the terms of the deal, under which it will buy a total of nine clubs in Indiana, North Carolina, and Ohio from Florida-based Lifestyle Family Fitness.
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The clothing retailer, which reported a net loss in four of the last five quarters, plans to close 100 stores, make significant cuts to its work force, and restructure some of its existing operations by consolidating multiple brands into dual-format stores.
CEO Randy Sampson, who previously warned that the state government shutdown would negatively impact Canterbury's third-quarter results, said Friday that "the pre-tax loss of nearly $300,000 was the worst third quarter for Canterbury since our card room opened in 2000."
Maplewood-based 3M Company and Chanhassen-based Rosemount, Inc., are world leaders in innovation, according to Thomson Reuters.
Best Buy is revealing doorbuster deals early in an attempt to lure bargain shoppers while Target is defending itself against those upset about a midnight store opening.
The Minneapolis-based company, which owns Capella University, will inform the affected employees during the next two days.
This year, Mall of America visitors can donate to local nonprofits using laptops-and those who do will receive discounts at stores and restaurants throughout the mega mall; numerous prizes will also be awarded to various nonprofits that capture funds from donors.
A study commissioned by Ameriprise Financial found that Twin Cities residents are less ready for retirement this year than they were a year ago, probably due to rapidly declining home prices, tornados, and the Minnesota government shutdown-all of which have occurred within the past year.
The Richfield-based electronics retailer announced it will drop a $10 recycling fee it had charged to accept electronic devices with screens-including TVs and computer monitors.
Plymouth-based BioAmber, Inc., on Monday filed for an initial public offering; meanwhile, Bluestem Brands, which in April filed for an initial public offering, could reportedly go public as early as this week.
In addition to the Basilica of Saint Mary, which won the popular vote in a grant contest, 12 other local historic sites also won a portion of $1 million that's being distributed as part of a national preservation program.
The window and door maker, which employs about 3,200 in Minnesota, said that the majority of the cuts will affect production workers in Bayport.
The company, which in April announced plans to hire 450 workers at its new Minnetonka facility, now intends to add 150 jobs in St. Paul.
The firm is representing 495 fishermen who allege that they were not properly compensated under a program through which BP chartered their boats for use in cleaning up the oil spill.
James Fry and Michelle Palm-two local hedge fund managers who already faced criminal charges related to their alleged involvement in Tom Petters' multibillion-dollar Ponzi scheme-now face charges in a civil complaint filed by federal regulators.
The National Labor Relations Board found that Minnetrista-based Jimmy John's franchisee MikLin Enterprises violated labor laws when it fired six employees for engaging in union activities.