The company says the cash and stock awards are “necessary to enable a stable CEO transition and appropriate continuity of leadership”; Best Buy’s founder, meanwhile, is reportedly attempting to take the company private.
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This year’s fair will feature 40 new food items and a variety of musical acts, including Alan Jackson and Motley Crue.
Plymouth-based The Tile Shop intends to start trading on the Nasdaq Stock Market after it merges with JWC Acquisition Corporation.
The Twin Cities ranked high for education but received low marks for job growth and cost of doing business; overall, however, the metro area moved up considerably in this year’s ranking.
About a week after Farley’s & Sathers completed its merger with Ferrara Pan Candy Company, the combined business announced plans to shutter facilities in Minnesota and Tennessee, resulting in an unspecified number of layoffs.
Best Buy’s bylaws now require that an investor own at least 25 percent of the company’s stock in order to call a special meeting related to a “change of control”; founder Richard Schulze and entities that he controls own 21.2 percent.
The City of Minneapolis spent $467,139 on staff and contract lobbyists last year, the most of any local government in the state.
The Human Life Value Calculator iPad app gives users a range of their economic value based on current income and debt, as well as expected lifetime earning capacity—and Securian says it might make users “think twice about their life insurance coverage.”
Kirk Nielsen, who will serve as the sole investment professional in Versant Ventures’ local office, said his firm believes that the Twin Cities constitute “a great place to build companies, and our opening of an office there is a sign of our long-term commitment to the region.”
Thirty-seven percent of Minnesota’s hospitals received an “A” rating in a national study on hospital safety.
St. Jude Medical claims that a defective device reported to the U.S. Food and Drug Administration last month did not have the same flaw as an older line of devices that was recalled last year.
When the Edina complex opened in 1956, it served as the first enclosed shopping mall in America—and hundreds of other shopping malls across the United States were subsequently modeled after it.
Eighty-two percent of the locked-out union workers voted on a third and “final” contract proposal from American Crystal Sugar, and 63 percent of the voters rejected it.
After assuming control of local advertising sales, production, and distribution for the satirical newspaper, the publisher of the Pioneer Press has discontinued production of The Onion in the Twin Cities.
The recently damaged mill’s future remains uncertain as owner Verso Paper Corporation is still assessing the costs and the processes that would be required if it were to repair the mill.
An amended lawsuit includes additional allegations that Accretive Health violated consumer protection and privacy laws, and it includes a long list of sworn statements from hospital patients.
In her position as an accounts-payable supervisor, Cynthia Carol Jacobsen allegedly created a phony vendor account in the name of her daughter and authorized payments to the daughter between 2008 and May 15 of this year.
General Electric Capital Corporation, Fredrikson & Byron, and the John T. Petters Foundation will collectively pay nearly $34 million to settle clawback lawsuits filed by bankruptcy trustee Doug Kelley.