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Tuesday A.M. Report

Best Buy launches video download service, Minnesota ranked 31st-best state to do business, Coach and Target settle knock-off suit, and general manager to leave WCCO-TV.

Best Buy launches video download service: Best Buy plans to roll out its new CinemaNow digital entertainment platform this month. It will provide customers instant access to new-release movies and TV shows. Initially it can only be accessed through certain Blu-ray disc players, high-definition TVs and most personal computers via the web. Read full story

Minnesota ranked 31st-best state to do business: Minnesota moved up one slot last year, to 31st, in a rank of the Best and Worst States to do business published in this month’s issue of Chief Executive magazine. The magazine said 651 CEOs from across the country ranked all 50 states and Washington, D.C., in January on a broad range of issues. The rankings put Minnesota between Washington and Pennsylvania. For the fifth consecutive year, Texas was ranked first and California last. Read full story

Coach and Target settle knock-off suit: Handbag maker Coach Services has settled its lawsuit with Target Corp. over bags sold by the retailer that Coach claimed were too similar to the ones it makes. According to Coach, the suit has been amicably resolved by all parties. Terms of the settlement were not released. Coach, based in New York, had sued Minneapolis-based Target to stop selling the bags and pay damages and attorney fees. Read full story

General manager to leave WCCO-TV: After four years at WCCO-TV, Vice President and General Manager Susan Adams Loyd announced she will be stepping down. She will be leaving to work for her father, Milt “Beaver” Adams, 82, and his Edina-based publishing company, Beavers Pond Press. “Throughout the next three or four months, I will be assessing that situation to see if publishing is a business that suits my strengths and passions. I could buy a portion of the company at that time, or help my dad transfer the sale,” Loyd said in an email. Read full story