Industry News

Target's tech department was in line for a major shake-up. Not long after taking over as Target's chief information officer, Mike McNamara told his boss, CEO Brian Cornell, that his budget was too big. "For the first time perhaps in my career, I had someone walk into my office and say,' Brian, I've got too much capital to spend,'" Cornell recounted incredulously to Wall Street analysts at a meeting in New York earlier this year."/>
Target's IT chief set a new direction, starting with smaller budget [Star Tribune (Minneapolis)]
Boston Scientific Corp. hit rock bottom. Stock in the major Minnesota employer was at its lowest point ever, capping a six-year span that saw Boston Scientific shed 78 percent of its market value in the wake of its disastrous acquisition of Guidant Corp., a maker of heart devices in Arden Hills. By July 2012, Boston Scientific was preparing to elevate its fourth CEO in five years."/>
After stumbling big, Boston Scientific has regained its stride [Star Tribune (Minneapolis)]
Apple devices. My coverage has included, notably, an updated profile of the company as it began to manufacture and sell accessories for the Apple Watch. A previous profile ran in 2013 as the company prepared to enter the leather-bag market."/>
Local firm Pad & Quill profiled in New York Times [Pioneer Press, St. Paul, Minn.]
Comcast wants its coverage of the upcoming Summer Olympics in Rio de Janeiro to be seen as an example of why its cable-television service is a great value. Although you don't have to be a cable subscriber to view Olympic events on Comcast-owned NBC-TV, the cable company last week rolled out an enhanced on-demand viewing experience via its Xfinity-branded X1 cable-box system. And Comcast-- which dominates the Twin Cities' Internet and cable markets-- rolled out other..."/>
Comcast hopes premium services will deter 'cord cutting' [Pioneer Press, St. Paul, Minn.]
Target's School Shop. Rulers and loose-leaf notebook paper have become symbols of the school year as the Tax Free Holiday starts on Friday. As in previous years, the law exempts most clothing, footwear, school supplies and backpacks priced less than $100 from sales taxes."/>
Tax free holiday signals back to school [Victoria Advocate, Texas]
Comcast tower directly east-- look very small. That includes the 33- story Evo apartments next door, which, with Cira Green, the parking garage with a one-acre park on..."/>
AKA University City assumes a lofty perch in Cira Centre South [The Philadelphia Inquirer]
Comcast wants its coverage of the upcoming Summer Olympics in Rio de Janeiro to be seen as an example of why its cable-television service is a great value. Although you don't have to be a cable subscriber to view Olympic events on Comcast-owned NBC-TV, the cable company last week rolled out an enhanced on-demand viewing experience via its Xfinity-branded X1 cable-box system. And Comcast-- which dominates the Twin Cities' Internet and cable markets-- rolled out other..."/>
Comcast hopes premium services will deter 'cord cutting' [Pioneer Press, St. Paul, Minn.]
Sinclair Broadcast Group, which also owns WSBT on channel 22 based in Mishawaka, purchased the FOX affiliation from Quincy Media. Beginning Monday, FOX 28' s news operation will be absorbed by WSBT and FOX programming will move to a new digital subchannel 22.2."/>
BRIEF: Saying goodbye: FOX 28 weekday anchors sign off for the final time [The Elkhart Truth, Ind.]
Legoland additions keep clicking [Orlando Sentinel]
Comcast tower directly east-- look very small. That includes the 33- story Evo apartments next door, which, with Cira Green, the parking garage with a one-acre park on..."/>
AKA University City assumes a lofty perch in Cira Centre South [The Philadelphia Inquirer]
ServiceMaster Global Holdings Inc. of Memphis, Tenn. The company's insurance carriers also have paid the family an amount not disclosed in..."/>
Terminix offers $87 million settlement to Delaware family sickened by pesticide [The Philadelphia Inquirer]
Whole Foods Market issued a mixed third-quarter earnings report last week, missing on Wall Street revenue forecasts. Whole Foods said it had record revenue for the quarter of more than $3.7 billion, with earnings per share of 37 cents. Thomson Reuters analysts had projected revenues of $3.73 billion with earnings per share of 37 cents."/>
Top Local Business Stories of the Week [Austin American-Statesman]

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