Six current and former employees of Ameriprise Financial claim that their 401(k) investments were placed in poorly rated funds that had excessive fees, which resulted in the loss of $20 million; they seek to turn their suit into a class action representing all affected employees from 2005 to present.
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According to the Star Tribune, industry observers estimate that Napster now has 400,000 subscribers-significantly fewer than the 706,000 that it had when Best Buy acquired it three years ago-and Napster hasn't been able to overtake Apple's iTunes.
Local IP attorney Brad Pedersen indicated that the case doesn't look promising for the company filing the suits; he says that lawsuits with multiple defendants will be kicked out under a new patent reform act-and the cost of [refiling] the suits one at a time won't be worthwhile for the plaintiff.
Fast-growing Datalink bought Midwave Corporation in a deal that likely marks the ramping up of acquisitions by the company-which reportedly has plans to make one every 12 to 18 months.
Make an impression with premium sports experiences.
The new notification service can track marathoners and provide real-time progress updates to friends and family via text message.
The company also will reportedly loosen return policies, increase advertising to smartphone users, and expand its Geek Squad technical support to nab sales from Amazon.com during the upcoming holiday season.
Best Buy will sell Amazon's Kindle Fire, a new tablet that will cost $199 and is expected to compete with Apple's popular iPad device.
The National Labor Relations Board dismissed all four complaints filed by the union that represents workers who were locked out last month by American Crystal Sugar Company.
Joseph Traxler of Centennial Mortgage and Funding, Inc., allegedly used funds intended for mortgage loans to cover Centennial's operating losses and to fund its payroll and other expenses.
An investment of $1,000 in what is being called "the state's first community-supported brewpub" can reportedly secure a lifetime supply of free beer.
Plato's $471 million bid for Renaissance Learning is the highest offer on the table, but Renaissance's board of directors is recommending that shareholders approve a $455 million buyout offer from global equity firm Permira Funds.
Cherokee, Inc., a Van Nuys, California-based fashion and lifestyle brand, on Tuesday announced plans to open a new marketing office in Minneapolis, which will be led by two Target Corporation
Target Corporation has added to its real estate holdings in the heart of downtown Minneapolis.The Minneapolis-based retailer recently bought three parcels at 10th Street and Nicollet Mall, just across from
Emmy award-winning journalist Connie Chung will be the keynote speaker at an annual event that supports women's economic prosperity programs.The 2011 WomenVenture Annual Event will take place October 14 at
Manny's, one of downtown Minneapolis' hot spots for the business crowd, will host "Celebrity Waiter Night," featuring Minnesota Vikings linebacker Chad Greenway and other notables.
The 15-year-old organization will cease operations at the end of this year; its executive director, Joel Akason, will become a full-time employee of recently formed regional economic development organization Greater MSP.
The city said that it was recognized for its excellent planning policies, high level of staff commitment to pedestrian safety, and pedestrian campaigns and events.