Embattled auto dealer Denny Hecker has filed for personal bankruptcy. The filing comes in the wake of a nearly $480 million judgement that his long-time lead financer, Chrysler Financial, won against him.
Amid a downturn in the boat-building industry, Minneapolis-based Genmar Holdings has filed for bankruptcy protection. The privately-held company is headed by Twin Cities businessman Irwin Jacobs.
Minnesota saw a jump in hiring demand in May, according to a leading business research organization.
In a major victory for Target Corporation, shareholders have rejected a slate of board candidates put up by activist hedge fund manager Bill Ackman.
A shareholder advisory service is recommending that Target shareholders vote in favor of a plan to replace some board members.
Several prominent companies with headquarters or major operations in Minnesota are reporting lower quarterly earnings today. The view of the economy from the companies' corner offices was as varied as their industries.
Boston Scientific is reporting new problems with two defibrillator products. The company has major operations in Minnesota, making the devices that shock an abnormally beating heart back into rhythm.
The defense attorneys of businessman Tom Petters are seeking permission to quit the case. The attorneys accuse the government of meddling in Petters' defense by objecting to payments from Petters' assets.
Home prices in the Twin Cities continued plunging last month. Cheaper homes helped the 13-county region notch a slight uptick in closed sales.
A newly issued list of Bernard Madoff's clients includes nearly 400 entries with Minnesota addresses.
The city of St. Paul wants to team up with other cities to pressure banks and other lenders to deal with foreclosed homes that are standing empty.
Minneapolis based Target Corporation today reported a 4 percent decline in December sales based on stores open at least a year, a key barometer for retailers.
November's median sales price of $175,000 is lower than it's been in almost six years. Total sales were down slightly as well.
U.S. Steel is idling a taconite plant in Keewatin and two other facilities in Michigan and Missouri.
Denny Hecker, the prominent Twin Cities auto dealer, is suing his longtime lender alleging the company has wrongly cut him off and hurt his business.