Supervalu, Inc., last week announced plans to close 20 underperforming stores by the end of its fiscal year. The store closures will affect Eden Prairie-based Supervalu's Shoppers, Acme, Shaw's, Farm

Target Corporation's same-store sales inched up in December but failed to meet its own expectations and fell dramatically short of Wall Street expectations. Same-store sales-sales at stores open at least

A day after longtime Minnesota Twins executive Jerry Bell announced his retirement, a team spokesman said that Bell isn't altogether cutting ties with the Twins. While Bell will reduce his

AgriBank, FCB-a wholesale lender and one of Minnesota's largest private companies-will vacate its longtime home in one downtown St. Paul building for another downtown skyscraper. AgriBank, formerly called Farm Credit

Wayzata-based Cargill, Inc., announced Thursday that it has entered into an agreement with Magnetation, Inc.-a mining company based in Nashwauk-to develop and use Magnetation's proprietary mineral processing technology. Magnetation's mineral

Minneapolis-based law firm Lindquist & Vennum, PLLP, announced Friday that Dennis O'Malley has been named managing partner of the firm, replacing longtime managing partner Daryle Uphoff. O'Malley, a partner and

Minnetonka-based Polaroid Corporation and its creative director, pop icon Lady Gaga, on Thursday announced the launch of a new line of gadgets. The Polaroid Grey Label, co-designed by Gaga, debuted

Customers worried about being left behind in the ever-changing world of technology may have a new way to get the latest products from Richfield-based Best Buy Company, Inc. According to

SurModics, Inc., said Wednesday that it has agreed to appoint two board members nominated by its largest shareholder-thus ending a dispute dating back to November. Two months ago, Ramius, LLC,

TCF Financial Corporation has reinstated its "totally free checking"-thus changing course from a January 2010 decision to impose monthly fees. Wayzata-based TCF said Thursday that TCF National Bank customers who

Roughly two weeks after Bloomberg reported that 3M CEO George Buckley was looking for an early exit, the head of the Maplewood-based company now says he'll stay the course. "I'm

Best Buy Company, Inc., is rolling out a multi-channel network featuring everything from how-to videos to behind-the-scenes looks at popular movies. The Richfield-based electronics retailer's network, called Best Buy On,

St. Paul-based CareFacts Information Systems has been acquired by New York-based private equity firm The Riverside Company, the companies announced Tuesday. Financial terms of the acquisition were not disclosed. CareFacts

Cypress Semiconductor Corporation announced Wednesday that it plans to increase capacity at its Bloomington manufacturing facility in 2011, tripling the facility's manufacturing capacity for certain products. Cypress' Bloomington facility, which

Two Minnesota attorneys have been selected by Governor Mark Dayton to lead two of the state's key business departments-the Department of Revenue and the Department of Commerce. Myron Frans-a tax

The owner and president of Little Canada-based Franklin Drywall admitted Wednesday to evading the payment of at least $190,000 owed in wages and to pension funds and benefit funds. Philip

Many local companies have become involved in a bold experiment that aims to introduce minority and low-income high school students in the Twin Cities to the field of marketing. The