Thursday P.M. Report

Affiliated Computer Services cuts 220 jobs in Minnesota: Dallas-based Affiliated Computer Services will terminate 220 jobs in Minnesota at the end of January. The company informed the city of Eden Prairie in early December through a Worker Adjustment & Retraining Notification (WARN) Act letter that, because of a lack of workload, it would be permanently cutting jobs at two main locations, Eden Prairie and Mankato. Various home-based workers are also losing their jobs. Fewer than 200 of the jobs are in the Twin Cities. Read full story

Former Cargill exec plans new Minneapolis restaurant called Forum: A new restaurant is opening up in downtown Minneapolis’ City Center, filling the space left when Goodfellows closed in 2005. The restaurant, called Forum, is aiming for a mix of chophouse and comfort-food fare. The Forum concept plays on the history of the City Center site, which had a restaurant there called the Forum Cafeteria, which ran from the 1930s to the 1970s. Read full story

MoneyGram reduces fees to send money to Haiti: Moneygram International today announced a temporary fee reduction for money transfers to Haiti. Through Sunday, Jan. 24, MoneyGram is offering special pricing for money transfers, to Haiti from any of MoneyGram’s 186,000 locations throughout the world. The typical fee for sending $100 from the United States to Haiti is $10, but through Jan. 24, it is only $1. Read full story

Timberwolves, Caribou announce sponsorship deal: The Minnesota Timberwolves and Caribou Coffee have inked a deal for the company to become the official coffee of the Timberwolves. Terms of the arrangement were not immediately available. Caribou is currently being served at Target Center, where the Wolves play their home games, and has been at the concession stands before. Read full story

Mosaic investment hurts Cargill earnings: Cargill earned $489 million in its fiscal 2010 second quarter ended Nov. 30, down 59 percent from $1.19 billion in the same period a year ago. The company’s earnings took a big hit from its majority investment in The Mosaic Co., based in Plymouth, which has been hurt by a sharp decline in sales prices for crop fertilizers. Read full story

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