Nonprofit, nonpartisan journalism. Supported by readers.


Friday A.M. Report

Twin Cities health labor market reportedly still lags nation, Regis sales slip and miss estimates, and Northland Inn sold to Rhode Island firm.

Twin Cities health labor market reportedly still lags nation: Demand for health care workers in the Twin Cities continues to lag behind the national average, according to a report released Friday by Health Workforce Solutions. The San Francisco-based firm’s Labor Market Pulse Index gave the Minneapolis-St. Paul metro area an index number of 42.25 for the third quarter of 2010, below the national composite 50.62. A reading below the national composite suggests demand for health care workers is growing slower than the national average. Read full story

Regis sales slip, miss estimates: Regis Corp.’s revenue fell 4.5 percent to $578 million in the first quarter, compared with the same period a year ago, results that fell short of analysts’ estimates. The Edina-based hair salon operator reported same-store sales also fell during the first quarter, slipping 1.5 percent, compared with the same period of fiscal 2010. Analysts polled by Thomson Reuters had projected sales of nearly $582 million in the first quarter. Read full story

Northland Inn sold to Rhode Island firm: A Rhode Island-based hotel real estate advisory firm has partnered with an institutional investment fund to acquire the Northland Inn hotel and conference center in Brooklyn Park for an undisclosed amount. The buyer, Hotel Asset Value Enhancement, is one of the nation’s largest hotel real estate advisory firms. Read full story