Company roundup

  • Updated: May 22, 2013 - 8:04 PM

NEW BUSINESS

Lakes Entertainment Inc., Minnetonka, said that its Rocky Gap Casino Resort, near Cumberland, Md., has opened to the public after receiving approval from the Maryland Lottery and Gaming Control Agency.

Capella Education Co., Minneapolis, said that Capella University’s FlexPath programs have received approval by the Higher Learning Commission, which accredits degree-granting institutions in the north-central region of the United States. The two Capella University programs approved to operate under the Flex­Path model are the Bachelor of Science in Business and the Master of Business Administration. The next step for Capella is to seek approval by the U.S. Department of Education. After Department of Education approval, Capella University will begin offering FlexPath programs to students.

DEBT AND EQUITIES

Donaldson Co. Inc., Minneapolis, declared a regular cash dividend of 13 cents per share, an increase from 10 cents per share, payable June 21 to shareholders of record on June 7.

Best Buy Co. Inc., Richfield, has authorized payment of a regular quarterly cash dividend of 17 cents per common share, payable July 2 to shareholders of record on June 11. The company had 339.7 million common shares outstanding as of May 4.

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