Business & Economy

Sleep Number filed for Chapter 11 and said Sleep Country Canada has submitted a $415 million stalking-horse bid in a court-supervised auction, a move that puts its Minneapolis headquarters and thousands of jobs at risk. Business Journal

Seagate has filed plans for a 64,500-square-foot, two-story expansion at its Bloomington wafer-fabrication campus at 7801 Computer Ave. S. and 7850 Nord Ave. S., nearly tripling production space for HAMR technology. Minneapolis / St. Paul Business Journal

Operation Metro Surge's flood of immigration cases has choked Minnesota's federal courts, forcing long delays that are now slowing civil business litigation in the Twin Cities. Minneapolis / St. Paul Business Journal

Metro Transit says ridership edged up through May as Minnesota gas prices climbed, recording nearly 4.5 million rides in May — about 2.5% more than May 2025. FOX 9

Metro Transit's E Line bus-rapid-transit service has averaged about 5,600 rides per day in its first six months, nearly double the agency's forecast and prompting plans to expand BRT across the Twin Cities. FOX 9

Hennepin County is directing about $1 million to multiple north Minneapolis development projects near bus rapid-transit corridors to close financing gaps and boost transit access. Bizjournals

The Minneapolis City Council voted 10-2, with one abstention, on Thursday to reject Agape as the recommended development partner for The People's Way at George Floyd Square. FOX 9

The University of Minnesota told its Board of Regents Thursday it has a purchase agreement to sell 140 acres of Les Bolstad Golf Course to Rachel Development, Inc. for $30.5 million. FOX 9

About 500 Target Field concessions workers represented by UNITE HERE Local 17 announced they will strike during the June 22 Twins-Dodgers game if no contract deal is reached. FOX 9

Architectural plans identify Amazon as the tenant for a 218,000-square-foot sortation and delivery center at the proposed Big Woods Business Park in Chaska. Minneapolis / St. Paul Business Journal

Minnesota has resumed Medicaid payments to most of the more than 3,400 providers it cut off during a mass revalidation, the Department of Human Services said Thursday, June 11, 2026. Minnesota Reformer

A Feeding Our Future fugitive placed on the FBI's "Most Wanted Fraudsters" list surrendered at Minneapolis-St. Paul International Airport on Wednesday, June 10, 2026, and is now in federal custody pending a Minneapolis court appearance. Star Tribune

The City of Minneapolis released a formal assessment on June 10, 2026, estimating Operation Metro Surge cost the city $697 million for December 2025 through April 2026. FOX 9

Doran Group plans a $71 million, more-than-130-unit age-55-plus apartment building with ground-floor retail on the northwest corner of the former Macy's furniture site at 7235 France Ave. in Edina. Business Journal

The University of Minnesota and Fairview Health Services announced a 10-year hospital affiliation deal on June 9, 2026 that ends the university's board role at Fairview and rebrands the Minneapolis teaching hospital. FOX 9

TurnSignl founder Jazz Hampton is stepping down as CEO and leaving day-to-day work at the Minneapolis company while retaining his ownership stake. Minneapolis / St. Paul Business Journal

St. Paul's Housing and Redevelopment Authority is moving to acquire the former Saxon Ford dealership site on West 7th to redevelop it with a significant affordable housing component. Bizjournals

Accord Health Services' new 61-bed recuperative care facility on Nicollet Avenue in Minneapolis cannot accept patients because its Medicaid validation remains incomplete amid a statewide provider re-verification purge. FOX 9

Planes equipped with Momentum Aeronautics' Heatwave Floats are boosting aerial attacks on the Flanders Fire in northern Minnesota and on wildfires in Oregon, company and local officials said. FOX 9

Twin Cities gas prices fell below $4 to an average of $3.99 per gallon on Monday, June 8, 2026, but remain about $1.06 higher than this time last year. FOX 9

A GOP-controlled U.S. House Oversight Committee led by Rep. James Comer issued a report accusing Minnesota Gov. Tim Walz and Attorney General Keith Ellison of ignoring or slow-walking warnings about Medicaid and child care fraud. FOX 9