Industries

Illustrations by John S. Dykes

What Do 10,000 Festivals Add To The MN Economy?

What is it about Minnesota and festivals? And what economic impact do they have?

by Andy Greder and Ann Harrington

Gavel

Petters Associate, Fund Mgr. Fry Guilty On All Counts

James Fry’s case likely represents a final chapter in the Tom Petters saga; he was convicted on charges that he misled investors and lied to the U.S. Securities and Exchange Commission.

Ad Agency Fallon Loses Major Client Cadillac

General Motors pulled the Cadillac account from ad agency Fallon after nearly three years of award-winning work.

Money

Dakotas Outpacing MN In “Real” Income Growth

Based on a new measure of personal income, which factors in the price of goods and services in each state, Minnesota's income rose 2.8 percent in 2011.

Grants Benefit Ex-Supervalu, Current NewPage Workers

Grants totaling $838,390 are meant to aid laid-off Supervalu workers, while another $91,768 grant will fund training for workers at a Duluth paper mill.

3M budgets up to $2B a year for acquisitions

3M CEO Inge Thulin says the Maplewood-based company plans to be more aggressive about buying other companies, according to Dow Jones Newswires. “Our plan is to spend $1 billion to $2 billion...

New 210-Room Hotel Planned For Downtown Minneapolis

Plans reportedly call for a 210-room Hampton Inn & Suites.

Stratasys Stock Climbs On Acquisition Rumor

The Eden Prairie-based 3D printing company is reportedly eyeing an acquisition that would expand its presence in the 3D modeling market.

General Mills' Golden Valley headquarters

General Mills Ups Earnings Outlook Again

After reporting an 8 percent increase in third-quarter revenue, General Mills is raising its full-year earnings expectation for a second time in three months.

Emerson Expansion To Bring 500 Jobs To Shakopee

Emerson Process Management has chosen the abandoned ADC Telecommunications building in Shakopee for the global headquarters of its Rosemount measurement technologies business.

Money

MN Tax Collections Now $324M Higher Than Expected

In May, net general fund revenues totaled $1.4 billion, outpacing expectations by 1.9 percent.

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