St. Jude expects to incur pre-tax charges of $50 million to $80 million as a result of the realignment but expects that the changes will reduce its pre-tax operating expenses by between $50 million and $60 million annually beginning in 2013.
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Eleven massive propeller pumps designed by Pentair are diverting water away from levees in New Orleans. Twin Cities companies, meanwhile, are watching to see what effect the storm has and what they can do to help.
CEO Wayne Sales said Wednesday that a restructuring of Supervalu’s leadership team is “designed to address two of our most immediate priorities: driving profitable sales in our retail stores and taking costs out of the business.”
Wells Fargo’s NeighborhoodLIFT program will offer down payment assistance of up to $15,000 to qualified homebuyers seeking to purchase a home in Minneapolis or St. Paul.
Same-store sales rose 4.2 percent, a more significant jump than the 3 percent expected by analysts that Thomson Reuters polled.
More than half of the openings are in the Twin Cities, and nearly two-thirds are at mid-sized companies—those with 10 to 249 employees.
The art museum is one of 10 finalists for this year’s “America’s Best Restroom” contest.
Eric Dayton and Andrew Dayton haven’t revealed specific plans for the new property, for which they paid $825,000.
Dorsey & Whitney’s CIO talks about how his role goes beyond traditional IT leadership.
After announcing plans to add more than 2,500 jobs in Colorado, Texas, and California, UnitedHealth Group is now boosting its presence in New York.
The six division winners, who have already secured cash prizes, will make their final business pitches before a grand-prize review board next month—and the grand-prize winner will receive another $40,000.
The start-up developed a Yelp-like website and smartphone application aimed at sustaining black-owned businesses and decreasing the unemployment rate within the black community.
The countertop maker plans to increase production in order to keep up with a spike in demand.
One <em>Consumer Reports</em> study found that more expensive care doesn’t equate to better care in the Twin Cities; a second study ranked Entira Family Clinic in White Bear Lake as the best provider of care for patients with diabetes and cardiovascular disease.
Code 42 Software, which has significantly expanded its U.S. work force this year, has opened a regional office and data center in Australia, and it’s eyeing expansion to Europe.
The Shanghai Innovation Center will work closely with Medtronic’s global research and development teams, as well as local universities and research institutes; it will also serve as an incubator in which Chinese physicians will be able to work on new clinical solutions.
Local home prices rose 5.7 percent between June 2011 and June 2012; among 20 major metro areas measured, only Phoenix posted a more significant year-over-year gain.
Cleaning tools of the future are coming soon to a Best Western near you.