Black and Dew is expected to bring in $40 million of revenue in its first year of operations, and its president said the company wants to grow by expanding its footprint geographically.
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Troy David Chaika was sentenced to more than eight years in prison for allegedly defrauding mortgage lenders of a total of $43 million.
Steve Eastman is the second Target executive to leave the company this month. His exit was announced the same day that the retailer's new e-commerce site crashed-although the company has said that the departure wasn't related to performance.
Several Vikings players-including Adrian Peterson, Jim Kleinsasser, and Chad Greenway-are set to take part in "Celebrity Waiter Night" at Manny's. In a separate instance of Minnesota's sports professionals giving back to the community, Wild captain Mikko Koivu has sponsored two private patient rooms at Children's Hospital.
The Richfield-based company said a proposed federal law allowing states to require online merchants to collect sales tax would create a fair marketplace for all sellers.
Until now, the bioplastics manufacturer has been wholly owned by Cargill-but a Thai company has bought a 50 percent stake in the company.
The merged organization will employ 770 lawyers, and its annual revenue will exceed $400 million.
A draft rule just approved by the Federal Deposit Insurance Corporation prohibits U.S. banks from owning private equity funds.
The new economic development organization plans to roll out a marketing campaign for the region-and it has set a goal of helping the area add 100,000 jobs in the next five years, or about 25 percent more than the number of jobs expected to come through natural growth.
The Metropolitan Council, which oversees wastewater plants in the metro area that send water into the Mississippi River, reportedly believes that proposed state regulations could cost it millions of dollars-and says 3M should have to pay for some or all of the costs because the company's practices led to the new rule.
A new 64-page report outlines ways to reduce racial employment disparity in the Twin Cities, which reportedly has the highest such disparity among the nation's largest metro areas.
In a letter to shareholders, Regis discussed its recent proxy battle with activist investor Starboard-stating that the investor is "advocating uninformed and irresponsible cost-cutting that puts the Regis franchise at risk."
Verso Paper Corporation plans to cut coated-paper capacity by 193,000 tons annually at two U.S. mills.
A recently posted video by an Envoy Medical patient went viral-and it reportedly increased sales inquiries received by the company by 150 percent.
Atmosphere Recovery was named a regional winner and won a prize package worth up to $20,000-and Sheerwind won a regional sustainability award, which includes $10,000 in cash and in-kind services; both will compete at a national competition next month.
General Mills ranked second on Forbes magazine's list of the top 100 brands in the world-ahead of Google and Apple; Target and Best Buy ranked 21st and 34th, respectively.