News

Imation's Oakdale headquarters

Struggling Imation Now Faces Sony Lawsuit

After missing financial expectations in its most recent quarter, Imation is now being sued for allegedly selling blank Blu-Ray discs.

May 23, 2013

SaniGreen BioEnergy Facility Rendering

$30M Bioenergy Facility Proposed For St. Paul

A new bioenergy production plant in South St. Paul is expected to add 20 permanent jobs.

May 23, 2013

MN Cos. Donate To Moore, OK Tornado Relief Efforts

Target, RBC, U.S. Bank, Starkey Hearing Technologies, and Best Buy are among the local companies providing financial and other resources to help the city recover.

May 23, 2013

ValueVision Drops ShopNBC Name, Swings To A Profit

ValueVision Media, previously known for its ShopNBC brand, has rebranded its business and swung to a profit for the first time in years.

May 23, 2013

State capitol

Fiscal Policies Hurt MN’s Rank In Economic Outlook Report

Minnesota’s tax rates and other fiscal policies ranked the state among the worst in the country in a new economic-outlook report, which was produced by a group that advocates for free-market enterprise and limited government.

May 23, 2013

Target store

Target Cuts Outlook As Profits Fall 29%

The retailer said first-quarter profits were dragged down by soft sales in weather-sensitive categories, and it cut its full-year earnings outlook.

May 23, 2013

Minneapolis Cherry

Mpls. Ranked No. 1 Place For Families To Live In U.S.

Based on the region’s high-performing school districts and low-priced real estate, ZipRealty named the Minneapolis area as the best place to raise a family in the nation.

May 23, 2013

2 MN Cos. Among 100 Fastest-Growing, Inner-City Businesses

Minnesota-based GovDelivery and On-Demand Services Group made a list of the 100 fastest-growing businesses in urban areas nationwide based on annual revenue growth rates over a five-year period.

May 23, 2013

10,000 festivals illustration

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

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

May 23, 2013

MOA Lands $250M Tax Break To Kick-Start Expansion


The $1.5 billion, long-dormant project would reportedly double the size of the already massive Bloomington mall.

May 22, 2013

Acquisition

Multiband To Be Taken Private In $116M Deal

Shares of Multiband Corporation’s stock jumped 25 percent on news that Goodman Networks will acquire it.

May 22, 2013

PR Firm Weber Shandwick Cuts Staff At Local Office By 6%

The PR firm’s local office made the cuts because revenue projections are “modestly less” than it previously anticipated.

May 21, 2013

Medtronic Cutting 2,000 Jobs, 500 In MN

Medical device manufacturer Medtronic has cut about 65 percent of the 2,000 positions it intends to eliminate and beat it’s fourth-quarter earnings expectations.

May 21, 2013

3 Firms Bid On Vikes Stadium Parking; Stakes High For Ryan

Three local real estate developers submitted proposals to develop parking facilities near the new Vikings stadium development; stakes are high for Ryan Companies, which must win the contract in order to begin a planned $400 million redevelopment project involving a five-block area surrounding the stadium site.

May 21, 2013

Handshake

Local Health IT Firm Healthland Acquires Software Co.

Healthland, which provides health care IT solutions for rural hospitals and their affiliated care facilities, has acquired American HealthTech, which serves post-acute facilities.

May 21, 2013

Best Buy store

Best Buy Swings To Loss On Restructuring Costs

The retailer’s first-quarter net loss totaled $81 million, and its revenue declined nearly 10 percent; cost-cutting initiatives and the shift in the timing of Super Bowl-related sales both contributed to the declines.

May 21, 2013

Abdo, Eick & Meyers Managing Partner Steve McDonald

Abdo, Eick & Meyers Acquires MN Firm Francis & Associates

The two Minnesota firms plan to merge on November 1, boosting Abdo, Eick & Meyers’ employee base to roughly 100.

May 21, 2013

ND Campaign Touts That State’s Biz Climate, Mocks MN

The Greater North Dakota Chamber said it’s “making a strong case for business to come across the border,” and the campaign’s first billboard has drawn criticism from within Minnesota.

May 20, 2013

Vascular Solutions Sues Boston Sci Over Catheter Patents

Vascular Solutions’ CEO called a Boston Scientific product “one of the most blatant plagiarisms of a patented medical device that I have ever encountered”; Boston Scientific, meanwhile, said it believes the lawsuit is “without merit.”

May 20, 2013

Weights

Trial Begins For Final Petters Co-Conspirator

The trial for James Fry, who pleaded not guilty to charges related to Tom Petters’ Ponzi scheme, is reportedly expected to last two to three weeks.

May 20, 2013

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