Local News - Minneapolis - St. Paul Business Journal

Caribou same-store sales drop in Q3

38 minutes ago

Caribou Coffee Co. Inc. said Tuesday its same-store net sales were down 4.7 percent for the third quarter 2008 compared to the same period last year.

  • Piper Jaffray takes loss on option-bond program 1 hour, 8 minutes ago

    Piper Jaffray Cos. is discontinuing its tender option bond program, the company announced Tuesday. (PJC)

  • Petters due in court today 2 hours, 23 minutes ago

    Tom Petters, the Twin Cities businessman at the center of a $3 billion fraud investigation, was due in federal court this afternoon for a detention hearing.

  • CHS ups investment in Brazil venture 2 hours, 23 minutes ago

    CHS Inc. has invested an additional $76.25 million in Multigrain, a Brazilian agricultural joint venture, the company said Tuesday.

  • Norwest Mezzanine Partners invests $40.6 M in Norwesco buy Tue Oct 7 3:22pm EDT

    Norwest Mezzanine Partners invested $40.6 million to support Stamford, Conn.-based Olympus Partners’ acquisition of Norwesco, a maker of plastic agricultural storage tanks. (ALD)

  • Anchor BanCorp Wisconsin looking to raise capital Tue Oct 7 11:59am EDT

    Anchor BanCorp Wisconsin Inc. is moving to raise as much as $200 million in capital through securities sales, according to securities filings. (ABCW)

  • Fairview trimming up to 200 jobs Tue Oct 7 9:59am EDT

    Fairview Health Services will lay off 150 to 200 employees, a company spokesman said Tuesday.

  • G&K Services cutting 200 jobs Mon Oct 6 8:59pm EDT

    G&K Services Inc. will close three processing plants and two branch locations and warned investors that its fiscal 2009 first-quarter results will miss guidance targets. (GKSR)

  • SBA lending declines in Minnesota Mon Oct 6 6:29pm EDT

    The number of Small Business Administration loans in Minnesota was down about 20 percent for fiscal year 2008, to 2,128 from 2,654 last year, the Minnesota District Office announced Monday.

  • Citi, Wachovia, Wells temporarily halt litigation Mon Oct 6 6:14pm EDT

    Citigroup Inc. , Wachovia Corp. and Wells Fargo & Co. , in consultation with the Federal Reserve, have agreed to a two-day standstill on litigation in an effort to reach a resolution on the sale of the Charlotte bank.

  • Piper, Granite City among rare gainers in market tumult Mon Oct 6 4:03pm EDT

    In the midst of a broad selloff on Wall Street and swirling concerns of a deepening economic crisis, a few Twin Cities companies managed to eke out stock gains Monday. (PJC) (INVX) (TRV) (ETRM) (GCFB) (WFC)

  • Citigroup sues Wells, Wachovia for $60B Mon Oct 6 1:29pm EDT

    Citigroup on Monday sued Wachovia and Wells Fargo seeking $60 billion over a merger agreement between Wells and Wachovia that Citi believes was reached improperly. (C) (WFC)

  • Blue Cross CEO retiring, outsider tapped to fill role Mon Oct 6 1:13pm EDT

    Blue Cross and Blue Shield of Minnesota’s CEO Mark Banks will retire, the organization said Monday, naming Patrick Geraghty as its new president and CEO.

  • Genmar plans new line of cheaper aluminum boats Mon Oct 6 12:44pm EDT

    Minnesota boat maker Genmar Holdings Inc. has plans to launch a line of less-expensive aluminum boats, returning to a market segment it left in 2004.

  • Patterson expands reach with buys Mon Oct 6 10:14am EDT

    Patterson Cos. Inc. has acquired three companies, in a move to strengthen its position in several U.S. markets as well as Canada.

  • Bailout bill passes House vote Fri Oct 3 3:14pm EDT

    The $700 billion financial bailout package was passed by the House of Representatives Friday, and was signed by President Bush shortly after.

  • Northwest traffic dips in September Fri Oct 3 12:46pm EDT

    Northwest Airlines Corp.’s traffic fell 0.5 percent in September, the carrier said Friday. (NWA)

  • Digital Angel restructures credit for realignment Fri Oct 3 11:44am EDT

    Digital Angel Corp. has restructured its credit facility, giving it capital to realign one of its businesses, the company said Friday.

  • St. Paul’s Il Vostro Boutique closes Fri Oct 3 10:44am EDT

    Il Vostro Boutique in downtown St. Paul closed for business, a little over a month after opening, a report in the Pioneer Press said.

  • Wells Fargo, Wachovia agree to merge Fri Oct 3 9:25am EDT

    In a stunning turn of events, Wells Fargo said it will buy Wachovia for $15.4 billion in stock with no help from the federal government, upending a previously announced merger between Wachovia and Citigroup Inc. (BAC) (JPM) (C)