3M Company, Target Corporation, and St. Jude Medical also made the list last year.
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CEO John Noseworthy said the Mayo Clinic will likely see a 20 to 40 percent annual revenue decline in the next five years due to cuts in Medicare, the arrival of state-run health exchanges, and other changes facing the health care industry.
CEO Joseph C. Levesque told Twin Cities Business that “we have to be vague” but acknowledged that a sale of one or both of the company’s product groups is possible, and a private takeover or merger is not out of the realm of possibility.
The budget deficit forecast for 2014-2015 has dropped from $1.1 billion to $627 billion, meaning state legislators will need less in tax increases or spending cuts to balance the budget.
A Star Tribune report, citing unnamed sources, indicated that founder Richard Schulze appears to be backing off a bid to acquire the company but is trying to regain his former position as chairman of the board.
Entrepreneurs Sara and David Russick share the wealth—and wisdom—through Gopher Angels.
Private equity firms in the middle market had a generally busy 2012. And they have the money for more deals.
Attorneys are helping providers and others navigate the changing health care landscape.
The Dalai Lama blessed Starkey’s philanthropic work. Is that a clue that he will make a pilgrimage to the Twin Cities most celebrity-rich summer party?
Stream Global Services said that its purchase of U.K.-based LBM Holdings Limited, a lead generation and call center company, will enhance its own sales services; meanwhile, Stream is in the midst of hiring 350 call center employees in Eagan.
Shaun Nugent worked at Sun Country from 2002 to 2007, first as CFO and then as both CFO and CEO starting in 2005.
In 1921, a predecessor to General Mills invented the name Betty Crocker in order to personalize responses to customer letters, thousands of which flooded in during a promotional contest for Gold Medal Flour. Today, Betty Crocker is a household name—so well known, in fact, that it made a just-released Adweek list of “Five Famous Female
The strike comes as the workers’ union and their employers failed to agree on terms of a new contract.
In addition, sales have been “softer than expected” so far in February, but the company believes its foray into Canada, policy of matching online competitors’ prices, and new designer lines will help business this year.
Sales plunged 57.9 percent in the fourth quarter of 2012, and the company reported a net loss of $6.5 million for the period; CEO Kitty Iverson, who said she was “disappointed with our weak performance,” expects a challenging first quarter but gradual improvement later in the year.
The area surrounding the Bakken rock formation has seen a spike in oil production in recent years, bringing both job seekers and businesses to the area—including some with local ties.
The company said it expects to close on its planned acquisition of Champion Technologies—which previously stalled amid federal antitrust concerns—in the first quarter.
The Richfield-based electronics retailer said eliminating 400 jobs at its headquarters will help cut costs by $150 million—but it marks only the first step in a larger cost-reduction strategy.