The Week's Top Business Stories

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Arctic Cat Confirms It Fired Its CEO; Longtime Leader Steps In

An Arctic Cat spokesperson said Claude Jordan’s departure was involuntary; longtime leader Chris Twomey has been named interim leader.

Luxury Homebuilders Face Fraud Charges

Keith Waters and Carter Siverson, who were previously fined by the state, now face criminal charges for allegedly failing to pay subcontractors for work on Twin Cities homes and a worship center in Victoria.

Target Chair Defends Board Prior To Shareholder Meeting

Target’s interim Chairwoman Roxanne Austin sent a letter to shareholders in an effort to influence their voting decisions for the company’s annual meeting next week.

T-Wolves To Name President Flip Saunders Coach

Saunders took the Timberwolves to all eight of its total playoff appearances in his former role as head coach from 1995 to 2005

18 MN Cos. Make Fortune 500; 9 Move Up In Rank

UnitedHealth Group remains Minnesota’s highest-ranked company on this year’s list and moved up three spots from last year, ranking 14th overall.

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