Alfred Teo Sr. was once one of the largest shareholders of Minnetonka-based Musicland. Teo admits he originally bought those shares based on secret information that Richfield-based Best Buy would be interested in buying them.
Minnesota pool contractor banned from industry, must pay $2 million-plus
Minnesota Attorney General Keith Ellison filed suit against Charles Workman and his company, MN Crete Pools, LLC, in August.
St. Paul man identified as victim of north Minneapolis homicide
The shooting occurred on the 2200 block of Emerson Avenue North on Wednesday.
Two youths seriously injured after being struck by driver in Bloomington
Police say the boy is in a critical condition, while the girl has severe injuries.
Two men sentenced for carjacking in Rosedale Center parking lot
Leon Kismit Bell, 49, and Jack Mitchell Piche, 23, were sentenced in U.S. District Court on Jan. 20.
Police: Truck burst into in flames after driver rammed Hutchinson squad car
The incident occurred Wednesday evening.
Police identify White Bear Lake officer shot while serving warrant
The officer is a six-year veteran of the department.
Minnesota Senate passes bill codifying abortion into state law
Having already passed in the House, it will now be sent to Gov. Tim Walz for signing into law.
Tyre Nichols: Initial police version of events bear similarities to George Floyd killing
Memphis PD said Nichols complained of 'shortness of breath' following 'confrontations' with police, who in reality violently beat him.
Authorities ID man who died during police standoff in Winsted
Warning: This story mentions suicide.
Twin Cities authorities preparing for community reaction to Tyre Nichols video
The ATF division in St. Paul sent out an alert out of "an abundance of caution."
Changes at K102's Chris Carr & Company, with Sam Sansevere joining as co-host
She is the daughter of former KQRS morning show personality Bob Sansevere.
Best Buy buying out Carphone for complete control of Best Buy Mobile
Richfield-based Best Buy will spend about $1.6 billion to take complete control of Best Buy Mobile. Bloomberg reports Best Buy will announce the deal to buy Carphone Warehouse Group's 50 percent share on Monday.
Best Buy CEO presents vision to analysts, investors in New York City
Best Buy's new Chief Executive Officer Hubert Joly outlined his five-point strategy, called "Renew Blue," to turn around the Richfield-based consumer electronics chain before he met with Wall Street investors in New York Tuesday afternoon, the Business Journal reports.
Best Buy cancels investors meeting in NYC after East Coast storm
Best Buy CEO Hubert Joly will not be outlining his turnaround strategy with investors on Thursday in New York, Reuters reports. The Richfield-based consumer electronics retailer has canceled the meeting with Wall Street analysts while the East Coast recovers from Hurricane Sandy. A new date for the meeting has not been set.
Uncertain future for Best Buy's shaken shareholders
Best Buy is holding its annual shareholders meeting Thursday. The beleaguered Richfield-based electronics giant has had plenty of boardroom drama over the past three months, including the abrupt departure of company founder and largest shareholder Richard Schulze. After months of uncertainty, investors are eager to learn what's next for the world's largest consumer electronics retailer.
Schulze to interview key Best Buy executives
Despite some opposition from board members, Best Buy CEO Hubert Joly has agreed to let company founder Richard Schulze and his team of potential investors to interview eight to 10 key executives, the Star Tribune reports. Schulze, Best Buy's largest shareholder, has until mid-November to make a buyout offer to take the struggling Richfield-based electronics retailer private. He is under a 60-day deadline to present a proposal to the company’s Board of Directors.
Best Buy founder explores potential buyout options
Richard Schulze is reportedly talking with banks and looking for potential buyout partners as he considers taking the beleaguered Richfield-based electronics retailer private, Bloomberg reports. Schuzle is Best Buy's largest shareholder -- controlling 20.1 percent of the company's stock. The 71-year-old abruptly step down as chairman of the board earlier this month to explore his options.
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