The company says the move will save $150 million and is only the first phase of a $725 million cost-cutting program announced last fall.
Mayo Clinic wants to invest billions of dollars of its own money in a project aimed at bolstering the medical center's position as a world destination for health care. The clinic is now trying to line up state subsidies and private investors to round out financing for what would be a grand expansion. But does Mayo itself have the money needed to pull off such a huge project?
Employers in the Twin Cities reached an agreement Saturday afternoon with janitors to avert a strike. But hundreds of security guards who work at corporate headquarters and other big metro office buildings could go on strike next week.
Time is running out for Best Buy founder Richard Schulze to make a bid this month for the struggling retailer.
Over the next two years, Google will sponsor a series of conferences, social mixers and other events for Twin Cities technology entrepreneurs.
State Revenue Commissioner Myron Frans said Friday he is unsurprised by business community resistance to Gov. Mark Dayton's proposal to expand the state sales tax to services and cut the tax rate.
Insurance industry and law enforcement officials told a Minnesota Senate committee Monday that insurance fraud is a growing problem in the state.
Auto insurance companies say there has been a surge in false and exaggerated personal injury claims in the state in recent years. The trend is on the agenda of a hearing Monday at the state Capitol.
Comcast cable customers with both older TV sets and basic television service will need new equipment to continue to receive basic channels.
Minneapolis-based Target says sales at stores open at least one year rose 3.1 percent in January, as shoppers bought holiday clearance merchandise.
A Delta Air Lines executive told Minnesota lawmakers Wednesday the company remains in compliance with promised employment and service levels in Minnesota.
Merchants in Minnesota and most other states can now charge up to 4 percent extra when customers pay with a credit card, but many seem reluctant to do so.
A survey by the University of Minnesota Tourism Center offers some good news for the state's leisure and hospitality industry.
Big medical device companies disclosed plans to cut about 800 jobs in Minnesota last year.
The med-tech industry complains a new tax, part of the federal health care overhaul, creates an unfair and unwise burden that'll impede innovation and kill jobs.