ShopJimmy.com acquired St. Paul-based Ness Electronics for an undisclosed sum.
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Sam Duncan will receive a $1.5 million annual salary, a $500,000 signing bonus, and be eligible for performance-based bonuses of up to $3 million annually.
The new CEO succeeds Kevin DiLorenzo, a 10-year Olson veteran who was appointed chief executive in 2010 to grow the agency through acquisitions.
Shortly after adopting a year-round online price-match policy and reporting flat December sales at stores open for at least a year, Target is introducing six online-only brands; the retailer separately announced plans to cut ties with RadioShack and begin working with two new mobile phone partners.
The two plan to combine their respective databases of health insurance claims and clinical records in order to evaluate health procedures and find ways to improve them.
As major shareholders, CEO Hubert Joly and other board directors could profit substantially from a Best Buy takeover.
On February 25, Cynthia Bauerly will join the Minnesota Department of Employment and Economic Development as deputy commissioner of work force development.
The future of the 171 employees at the mill remains uncertain as the company looks for potential buyers as part of its plans to divest its specialty paper business; meanwhile its largest investor, Starboard LP, is unhappy with how the decision to divest was made.
Best Buy’s stock price rose after the company announced flat sales for the all-important holiday season.
The City of St. Paul previously selected the company to design and build the new Saints stadium, but public opposition to the contract award prompted the city to seek competitive bids.
Chris Heim and Dan Mayleben, who specialize in acquiring and growing software firms, plan to expand their latest purchase, Axium, organically and through acquisitions.
Minneapolis-based real estate brokerage firm HomeServices of America, which made a series of acquisitions last year, has continued the trend into the new year with its purchase of California-based Guarantee Real Estate, one of central California’s largest brokerage firms.
The Metropolitan Council awarded a $545,300 grant for environmental cleanup at a Minneapolis site that the craft brewer is exploring—and the Minnesota Department of Employment and Economic Development has approved another $1 million in cleanup funding.
Following the sale of 877 stores to an investor group led by Cerberus Capital Management, Supervalu will replace CEO Wayne Sales with Sam Duncan, a retail veteran who most recently led OfficeMax.
The “Breakthrough Health Challenge” seeks ideas about how common consumer technologies or devices can be used in new ways to help people address chronic conditions like diabetes, heart disease, and obesity.
The medical device giant said it would make improvements to its processes and address specific concerns raised during an inspection of its Sylmar, California facility.
The Litchfield-based egg producer said several individuals were detained on “administrative charges,” which are reportedly used in cases when people are suspected of immigration violations.
The positive results mark the second consecutive quarter of significant growth following a dismal conclusion to the company’s last fiscal year.