Minnesota company plans data center
KEARNEY — A Minnesota company plans to build a $7.65 million data center at the Tech One Crossing Technology Park in Kearney.
County and city officials announced Tuesday that the new Compute North facility would create 10 full-time technology and security jobs and would provide room for Computer North to grow its business.
Computer North is based in Eden Prairie, Minnesota, and has operations in South Dakota and Texas.
Ex-Starbucks CEO ‘detours’ WH run
WASHINGTON — Former Starbucks CEO Howard Schultz says he’s taking a “detour” from a possible independent presidential bid.
The billionaire businessman cites health concerns in a message to supporters, and says he’s taking the summer to rest and will revisit his presidential ambitions after Labor Day.
Two aides who spoke on the condition of anonymity to share internal discussions are confirming that Schultz’s Seattle-based campaign has made significant staffing cuts.
Schultz writes that he’s taking “this detour from the road reluctantly.” He says his “concern for our country’s future remains, as does my belief that the American people deserve so much more from our elected officials.”
He faced intense resistance earlier in the year from Democratic activists who feared an independent run would give President Donald Trump an easier path to re-election.
Final Schilling case is dismissed
PROVIDENCE, R.I. — A judge has dismissed the final legal case stemming from Rhode Island’s failed $75 million deal with former Boston Red Sox pitcher Curt Schilling’s video game company, 38 Studios.
U.S. District Judge Jack McConnell on Tuesday dismissed the U.S. Securities and Exchange Commission’s lawsuit against a Wells Fargo employee. Peter Cannava was lead banker on the bond offering that funded the deal.
His lawyer says Cannava did not encounter any red flags when preparing the bond offering and the decision validates that there was no evidence Cannava misled investors.
The state’s economic development agency used bond funding to lure Schilling’s company from Massachusetts to Rhode Island in 2010. It later went bankrupt.
In a different lawsuit in state court, Rhode Island received about $61 million in settlements.