Republic Bank & Trust Company has acquired First Commercial Bank in Bloomington, and its chief executive said that the bank plans to grow its presence in the Twin Cities.
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U.S. Bank and the Metropolitan Economic Development Association have launched a series of quarterly events offering business consulting to minority entrepreneurs in the Twin Cities.
The company, founded by a former Best Buy executive, developed a mobile application platform that allows people to receive updates about their loved ones in real time from daycare providers, hospitals, and care facilities.
Hubert Joly doesn’t think that there are a lot of consumers who visit Best Buy stores only to view products and then buy them online at lower prices.
The stores, none of which are in Minnesota, are expected to close by late February; the company declined to disclose the number of affected workers.
The two companies were also named to Forbes’ inaugural list last year, but their rankings dropped this year.
Northern Oil and Gas has reportedly been riding high on the recent oil-production boom in western North Dakota and Montana.
The new Cherrywood Pointe community in Roseville offers assisted living to seniors; United Properties said it hopes to add more assisted-living developments but doesn’t yet have definitive plans.
Best Buy’s new CEO Hubert Joly has outlined some initial plans but said his blueprint for turning the business around will come in several installments; meanwhile, some analysts think he could remain in the top spot even if a private takeover were to occur.
Canterbury CEO Randy Sampson expects a “double-digit” revenue increase in the third quarter of this year and expects full-year revenue to exceed the $40.6 million reported last year.
The Minnesota Vikings’ valuation climbed 22 percent year-over-year to $975 million, ranking it 22nd among NFL teams.
The Minnesota Housing Partnership also found that about half of Minnesota renters paid more than they could afford for their homes in 2010.
After the Department of Justice threatened to sue, 3M Company and Avery Dennison Corporation said that they will address antitrust concerns in order to receive regulatory clearance for 3M’s proposed acquisition of Avery Dennison’s office products unit.
New York Mills-based Lund Boat Company and its parent company reached a settlement with the federal government over alleged hiring discrimination; the companies admitted no wrongdoing.
Life Time acquired New Leaf software and support materials, product inventory, trademarks, and websites from MGC Diagnostics.
Anser Innovation’s PetChatz device, through which pet owners can communicate with their furry friends remotely and even dispense treats, is one step closer to a launch.
Lennar is adding “home-within-a-home” floor plans to its Minnesota product lineup; the company said it is tapping into a growing trend of multiple generations living together.
The fair attracted 1,788,512 people this year—up 1 percent from last year’s attendance and narrowly missing the all-time record set in 2009.