The Week's Top Business Stories - Bring Me The News

The Week's Top Business Stories

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From the editors of Twin Cities Business:

State Jobless Rate Hits Lowest Point In Nearly 6 Years

Minnesota’s unemployment rate dropped to 4.8 percent in October, a rate last seen in January 2008. A declining labor force participation rate, however, has contributed to the trend.

MN Officially Loses One Of Its Fortune 500 Companies

Following a recent merger, one of the state’s largest public companies has relocated to Michigan, drawn by financial incentives and a “positive business climate.”

Local Companies Donate To Philippines Typhoon Relief Efforts

Some of Minnesota’s largest companies have committed hundreds of thousands in dollars and services to disaster relief in the Philippines.

Tile Shop Draws Shareholder Lawsuits

Multiple law firms are seeking class-action status for securities fraud lawsuits against Tile Shop, a Minnesota-based company whose stock dropped sharply on allegations of overstated earnings.

Jostens Acquires Another Jewelry Company For $486M, Appoints New CEO

Minneapolis-based Jostens plans to acquire an Austin, Texas-based maker of commemorative products. It also named Chuck Mooty as its new CEO, effective in January.

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