Sir Richard Branson will still own more than half of Virgin Atlantic, which will continue to fly as a separate airline under its own name.
T-Mobile has upgraded its wireless voice and data services in the Twin Cities and St. Cloud.
Local entrepreneur Kieran Folliard has sold his popular 2 Gingers Whiskey brand to Beam Inc., the largest U.S.-based spirits company.
A California jury says Best Buy should pay $27 million to a company that accused the retailer of stealing trade secrets.
Some products seem to be the same price no matter where you look or how much you shop. That's exactly what many manufacturers want to keep their profits from eroding. But it's getting harder for manufacturers to enforce those prices.
The Food and Drug Administration will collaborate with a public-private partnership conceived by LifeScience Alley, a trade group for Minnesota's medical device companies.
Target says it was not among the customers of a Bangladesh clothing factory where a fire killed 112 people this past weekend.
Superstorm Sandy depressed traffic and sales at Target stores for the four weeks ending last Saturday.
Target and Best Buy had two of the busiest websites on Cyber Monday. Traffic for online retailers' websites rose 11 percent this past Cyber Monday, compared with the same day a year ago.
Minnesota's medical device industry is welcoming a Food and Drug Administration report saying the agency is speeding up the review of new products.
Best Buy seems to have gotten off to a good start to the holiday shopping season.
Black Friday deals on TVs, computers and other products drew shoppers into stores as retailers racheted up their holiday sales efforts. Best Buy, Target and other retailers reported that hundreds of shoppers were waiting in line for stores to open Thursday or early Friday. At the Mall of America, about 30,000 people waited for stores to open at 12 a.m. Friday.
Shoppers jammed stores once again on Black Friday in pursuit of holiday bargains. But online holiday sales were expected to rise at a much more rapid pace than retail sales overall.
Best Buy's share price fell as much as 4 percent after a credit rating downgrade.
Best Buy officials had warned investors that its revenue and earnings report would be disappointing. Tuesday's sell-off indicates investors found the actual numbers far more direful than the warning.