The expansion will increase the brewery’s current 150,000-barrel annual capacity by an additional 100,000 barrels.
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Cargill and ConAgra will each own a 44 percent stake in the new venture—called Ardent Mills—and CHS will own a 12 percent stake.
Minnesota employers added 12,100 jobs in January, but the state’s unemployment rate ticked up 0.2 percent to a seasonally adjusted 5.6 percent—a jump that’s largely attributed to an increase in the labor force participation rate.
The same Minnesotans who were on last year's list made repeat appearances this year, although the net worth of most has risen—and Best Buy founder Richard Schulze is no longer listed as a Minnesotan.
The bed maker said that it has experienced “below-plan” sales since February 1, news that prompted shares of its stock to slide about 17 percent Monday.
The retailer’s first 24 Canadian stores will have soft openings this month—and Target plans to open 124 stores throughout the country in 2013.
The changes, which include the appointment of a new top marketing executive, are the first since Sam Duncan took the reins as CEO and come less than two months after the company struck a deal to sell five of its largest retail grocery brands in a $3.3 billion deal.
Fox News costs Good Day Café the occasional customer, but the restaurant isn't budging.
3M Company, Target Corporation, and St. Jude Medical also made the list last year.
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.