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Cargill’s President MacLennan Moves Up To CEO

Cargill’s current CEO, Greg Page, is nearing the company’s mandatory executive retirement age, and he will be replaced by David MacLennan.

Mpls. Hair-Removal Chain Plans Rapid Expansion

BodyBrite removes hair with a technology known as “intense pulse light,” and the company is planning to add three new Minnesota locations amid a larger growth strategy.

MN Agency Names New Director Of Business Development

The Department of Employment and Economic Development hired John Shoffner as the agency says Minnesota is experiencing a surge in business expansions and job openings.

Local Weber Shandwick Prez. Named National Leader

Sara Gavin will now oversee the firm’s 23 offices in the United States and Canada.

Legislators Agree On Disaster Relief But Disagree On Tax-Repeal Measures

“It was pretty clear that they are not interested in repealing these taxes,” Senate Minority Leader David Hann said shortly after the Senate passed the disaster relief measure 59-0.

Minnesotans Miss Out On Some Federal Tax Breaks

In order to save the state about $300 million over two years, Minnesota’s new tax code will not conform to the federal code—leaving out multiple tax cuts enjoyed in other states.

Founder Of MN’s Largest Ad Agency Dies

John Olson passed away about 20 years after founding Olson, one of the five largest independent ad agencies in the country.

Telecom Co. CEO Resigns Amid Restructuring

Minnetonka-based Communications Systems, Inc., restructured itself into a holding company and made multiple executive-level changes.

Sports Facilities Authority: Preliminary Look Shows Vikings Can Afford Stadium Share

The Authority had to step back and re-examine the Wilf family's ability to pay its share of the stadium after a New Jersey judge found the family had committed civil fraud in a real estate deal there.

Publicly Traded Med-Tech Co. Cuts 6% Of Work Force

SurModics cut seven employees from its 115-member staff and expects to use the annualized savings to reinvest about $1 million into “growth initiatives.”

Medtronic Buys Stake In Italian Co., Eyes Hospital Services

Medtronic is attempting to expand from a medical device company to a diversified provider of medical services.

Publicly Traded MN IT Firm Sold For $35M; Stock Up 60%

Analysts International Corporation agreed to be acquired by a Georgia IT firm.

Contractors Contest New Rules For Employing Veterans

New regulatory changes are meant to promote the hiring of veterans, but the local head of the Association of General Contractors is calling foul, claiming paperwork costs could be prohibitive.

What Did We Do Before Smartphones?

Twin Cities technology consultants look back on 20 years of seismic change.

Firm Urges Northern Oil To Buy Back Under-Performing Stock

Clear Harbor Investment wrote a letter last week to Northern Oil and Gas’ board of directors recommending the company repurchase 13 percent of its outstanding shares to improve its market value.

B2B Tax Repeals Off The Table During Special Session

State lawmakers could not come to an agreement on the business-to-business tax repeals that should be discussed, so only disaster relief will be dealt with during the special legislative session.

Ex-Bixby CEO, Sleep Number Inventor Arrested Again

Already charged with 20 counts of conspiracy and fraud, the founder of Select Comfort is now being accused of witness tampering.

Bill McGuire Buys Up The Neighborhood

The former UHG CEO is a land collector.

Hubbard Backs New Senate Candidate Opposing Franken

Several months after local businessman Michael McFadden announced plans to run for the U.S. Senate, a Duluth attorney has joined the race with the support of Stanley Hubbard.

Med-Tech Co. Medafor Sold For $200M

Minneapolis-based Medafor, which develops medical devices used to control bleeding, is the second Twin Cities med-tech company purchased by C.R. Bard, Inc., in recent years.

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