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Target will not pursue real estate structuring plans proposed by Pershing Square, the Minneapolis-based company announced this afternoon.
Any potential value, if any, would be "highly speculative and insufficient to merit pursuit of a transaction given the costs, strategic and operating risks, and loss of financial flexibility related to executing the proposed transaction," the company said in a statement.
What does fixing computers have in common with converting a shopping cart into a golf cart? They're both pretty geeky. And so it's fitting that The Geek Squad has signed on as a major sponsor of TPT's new Make: television series. The show, based on the magazine of the same name, is about "everyday folks who mix new and old technology to create new-fangled marvels." Such as a "burrito blaster," an air cannon that can be used to launch burritos into ballpark bleachers. The series begins airing in January. Here's a preview:
make tv preview ii from make magazine on Vimeo
Not an elite traveler? Then stay in coach. A revolt by some of Delta Air Lines' elite passengers has prompted the carrier to scrap a program that let coach customers upgrade seats for $5 to $25 on certain flights, the Associated Press reports. An e-mail to Delta's "Medallion" customers said it was changing course because of complaints about access to certain preferred seats. Northwest still offers a "choice seats" for purchase program.
Do you have an inside scoop or news tip about a Minnesota company? Spotted something interesting in your RSS reader? Drop Business Agenda a note at dhaugen [at] minnpost [dot] com.
Nash-Finch, the Edina-based food distributor, donated 12,000 children's books to area schools and organizations during an event today at the St. Paul Children's Museum.
It was part of the company's “Feeding Imagination” program. Nearly 60,000 books have now been donated through the program, which funnels the books to low-income schools and organizations that help the poor.
Company officials cited a 2006 study showing that middle-class neighborhoods have a ratio of 13 age-appropriate books per child, while the ratio in low-income neighborhoods is one for every 300 children.
The public may contribute to the company foundation’s efforts at any time by donating new and gently used books, which can be delivered directly to Nash Finch’s corporate offices at 7600 France Ave. S., Edina.
Check here for more information.
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