latest articles

Best Buy’s Patel Left for Venture Capital Firm

Kal Patel recently left his executive posts at Best Buy to become a partner at VantagePoint Capital Partners-where he will help expand global investments by the venture capital firm and lead initiatives involving "strategic partners," including Best Buy.

Cargill CEO Pushes for South Korea Free Trade Agmt.

Cargill is invested in numerous U.S. businesses that export directly to South Korea, and the trade agreement awaiting ratification "is critical from both an economic and agricultural industry standpoint," according to Cargill Chairman and CEO Greg Page.

DNR Mineral Leases Rejected for First Time in 29 Yrs.

A council that includes Governor Mark Dayton and other state leaders reportedly sent back 77 mineral lease packages to the Department of Natural Resources, stating that the agency hadn't taken sufficient measures to notify landowners of interest in mining under their land.

Gov’t Halts Incentives for Wells Fargo, Other Banks

The U.S. Department of the Treasury is withholding financial incentives for Wells Fargo Bank, Bank of America, and J.P Morgan Chase Bank until they improve their efforts in a federal initiative called the Making Home Affordable Program.

Small Biz Owners Celebrate Victory in Debit-Fee Fight

A proposal to delay regulations that would put a new cap on debit-card swipe fees that large banks charge merchants fell six votes short in the U.S. Senate on Wednesday; big banks are disappointed, but TCF says that it will keep fighting through a lawsuit that it filed in October.

Target Pushed to Stop Making Political Contributions

Bill de Blasio, who sits on the board of a major Target shareholder-the New York City Employees Retirement System-wants the company to change its policy on political donations; Target CEO Gregg Steinhafel told shareholders that concerns have been adequately addressed.

Delta Moving a “Few Hundred” Jobs Out of MN

Delta CEO Richard Anderson wrote a letter to employees indicating that despite moving Minnesota jobs to Atlanta, the airline is still committed to its hub at the Minneapolis-St. Paul International Airport.

Feds Investigate Delta Union Elections

The National Mediation Board is reportedly planning on-site investigations into whether the airline interfered with a series of elections through which its employees rejected union representation.

Vikings Stadium Funding Approaches “Stalemate”

As negotiations continue about who would pay for $131 million in road construction associated with an Arden Hills stadium, Ted Mondale, who's leading negotiations for the state, reportedly said that the parties involved are "kind of in a stalemate."