News

MN Ranks 46th on List Assessing Start-up Activity

To compile the list, national magazine Fast Company assessed the launch rate of private-sector businesses and the percentage of people starting a new business and how it’s changed over time.

April 30, 2013

Faegre Joins Dorsey on List of 100 Largest U.S. Law Firms

Faegre Baker Daniels went from unranked to number 66 on The American Lawyer’s list of the 100 largest U.S. law firms.

April 30, 2013

SPCO musicians

SPCO Players Ratify Contract; Concerts Resume May 9

Musicians agreed to salary cuts, and the orchestra will be reduced in size; players are now calling for the appointment of a new leader for the orchestra’s management organization, one that would replace its interim president.

April 29, 2013

Beer Dabbler T-shirt

St. Paul Saints Ballpark to Serve 21 New Craft Beers

A new 70-foot bar called the Beer Dabbler Bullpen will debut May 11 at the Saint Paul Saints’ Midway Stadium; it will also feature merchandise from craft breweries.

April 29, 2013

Cornerstone Business Center

Growing Co. Citrus Systems Doubles Its Footprint in Hopkins

Packaged juice manufacturer Citrus Systems is moving to a new Hopkins facility that is about double the size of its current location.

April 29, 2013

Target to Showcase Wired Editors’ Gadget Picks

Through a partnership with "Wired" magazine, Minneapolis-based Target Corporation has placed kiosks at its stores that offer "Wired" editors’ picks for music products, tablet and photography accessories, and personal fitness gadgets, among others.

April 29, 2013

John Gilbert III

Famous Dave’s Profits Plummet 92% on Lower Sales

The restaurant chain’s first-quarter profits fell to $62,000 from $817,000 during the same period in 2012.

April 25, 2013

Granite City Is Delisted from the Nasdaq Exchange

The company said that the cost of expansion has made it difficult to meet Nasdaq’s listing requirements; beginning Friday, its shares will be traded on the OTCQB marketplace.

April 25, 2013

Handcuffs

Fraudster Krzyzaniak Faces Up to 5 More Yrs. for Fleeing Prison

If convicted, Michael Krzyzaniak, who was already serving a 12-year prison sentence, could have five more years tacked on for fleeing a prison camp.

April 25, 2013

Minneapolis Convention Center

Study: Mpls. Convention Hotel Would Cost $300M

A recent feasibility study shows that a new convention hotel in Minneapolis would cost about $300 million, and 41 percent of that cost would need to come from public subsidies.

April 25, 2013

CaringBridge CEO Exits Congressional Race After 3 Wks.

Just three weeks after announcing her campaign for political office, Sona Mehring, CEO of nonprofit CaringBridge, said she has left the race and will remain at the organization that she founded.

April 25, 2013

Biz Groups Fight Push for Political Donation Disclosure

A push for new regulations over corporate political donations is facing opposition from business groups.

April 25, 2013

Digi Int’l Pays $1.5M to Settle Patent Infringement Suit

The Minnetonka-based company said that the settlement is expected to impact second-quarter earnings.

April 24, 2013

Cub Foods

A Smaller Supervalu Sees Larger Loss, Misses Expectations

Supervalu, which is now about half of its previous size following the sale of several brands, reported a widened loss and declining sales, but analysts responded positively to remarks from the company's new CEO.

April 24, 2013

Ecolab Acquires $23M Water-Treatment Business

Ecolab expects to close on the purchase of AkzoNobel’s Purate business in June.

April 24, 2013

Vail Resorts Makes Another MN Purchase: Hoigaard’s

Resort operator Vail Resorts purchased St. Louis Park-based outdoor retailer Hoigaard’s for an undisclosed sum.

April 24, 2013

20 MN Biz Leaders Up for Entrepreneur of the Yr. Award

Ernst & Young, LLP, announced the competition’s finalists for the Upper Midwest region, 20 of whom are leaders of Minnesota-based companies.

April 24, 2013

Gavel

Ted Mondale to Pay $50K in Petters Clawback

Prominent local figure Ted Mondale reportedly received a loan from Tom Petters in 2005, and he has agreed to hand over $50,000 to the receiver for Petters’ case.

April 23, 2013

Polaris headquarters in Medina

New Products, Long Winter Drive Polaris to Record Profits

The longer than usual winter helped boost Polaris' snowmobile sales, although it hurt parts of the company's business that depend on warmer weather, including motorcycle sales.

April 23, 2013

Duluth Airport Sees More Travelers, Bigger Jets

Travel to and from the Duluth International Airport increased in the first quarter after a new terminal opened in January.

April 23, 2013

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