latest articles

Gov’t Shutdown Ups July Unemployment Rate to 7.2%

Minnesota lost 19,800 jobs last month, prompting the unemployment rate to rise; however, the July jobless rate was calculated during the period when 22,000 state workers were out of work as a result of the government shutdown-so the figure is distorted.

Shareholder Asks Regis to Cut Costs, Sell Some Assets

Starboard Value LP, which owns about a 4.4 percent stake in Regis, asked Regis to dramatically cut operating expenses, sell its non-core businesses, and return focus to its core salon business in North America; Regis said it is "always open to ideas that can create shareholder value."

Canterbury: Trouble Recouping Losses from Shutdown

Canterbury CEO Randy Sampson expects the estimated $3 million loss in revenue attributable to the state government shutdown to have an adverse effect on third-quarter and full-year financial results-and he suspects that added races and other efforts to recoup those losses will only recover "a relatively small portion-less than half."

Brooklyn Park Man Guilty in $5.1M Mortgage Fraud

Eric Devon Bernard, the last of three defendants to be found guilty in connection with a 2006 fraud scheme, worked with others to fraudulently obtain loan proceeds in connection with the sale of seven residential properties in the Twin Cities metro area.