latest articles

Study: Local Holiday Shopping to Rebound in 2010

This year marks the first holiday season since 2006 that Twin Cities shoppers are predicting to spend more than they did the previous year, according to an annual study conducted by the University of St. Thomas' Opus College of Business.

SurModics Shareholder Seeks Board Positions

The medical device company's stock increased more than 10 percent on news that its largest shareholder-Ramius Value and Opportunity Advisors, LLC-is seeking board positions in order to address SurModics' "long-term underperformance."

Target Expects Q4 Sales to Hit 3-Year High

On the heels of a positive third quarter, Target CEO Gregg Steinhafel said that the company expects its fourth-quarter same-store sales to outperform every quarter from the past three years.

Rasmussen Moves Campus to Avoid Construction

The relocation of the college's Eden Prairie campus to a new development about three miles away in Bloomington is due to foreseen problems caused by the Interstate 494/Highway 169 interchange reconstruction project.

Resident Attachment to St. Paul Fuels City Economy

A new Gallup study found that in St. Paul and 25 other U.S. cities, social offerings, openness, and beauty are the main drivers of community attachment-and that attachment translates to increased gross domestic product.

U.S. Bank Buys Bank of America Trust Businesses

The Minneapolis-based bank will pay "up to $35 million" in cash for Bank of America's domestic and European securitization and trust businesses-a move that will add more than $100 million in annual revenue.