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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.

State Doles Out $2.8M In Grants To Aid Small Cos.

Eleven different groups that support new businesses will receive between $84,000 and $450,000 in two-year grants.

Minneapolis Mayor Rybak Proposal: Cut Property Taxes By 1% In 2014

Although Mayor Rybak is not seeking re-election in November, he laid out some long-term proposals for Minneapolis in his final budget speech.

MN Adds 4,300 Jobs In July, Jobless Rate Unchanged

While Minnesota’s unemployment rate remained unchanged, the state added 4,000 government jobs, an increase that a state official said may have been driven by increased funding.

Warren Buffett Ups U.S. Bancorp Holdings By 27%

Berkshire Hathaway increased its stake in U.S. Bancorp to more than 78 million shares at an average price of $34.31 during the second quarter, according to a regulatory filing released Thursday.

AOL Cuts Hundreds Of Patch Jobs; MN Impact Unknown

The online news provider has 25 websites in Minnesota, and it’s unclear whether they will be among the 400 nationwide that will be sold or closed down.

Med-Tech Firm Names New CFO After Internal Investigation

Uroplasty’s former chief financial officer retired after the company investigated issues regarding internal financial controls; Brett Reynolds will now take over the role.

Mayo Clinic Promotes Jeff Bolton To Chief Admin. Officer

Jeff Bolton, who has served as chief financial officer of the health system since 2002, will succeed longtime Mayo executive Shirley Weis as chief administrative officer.

Shareholder Lawsuit Against Best Buy Moves Forward

A group of Best Buy shareholders argue that false statements made by the company’s executives caused its stock to rise artificially before abruptly dropping 14 percent months later when the company lowered expectations.

Crowded Minneapolis Mayoral Ballot Likely To Have At Least 23 Candidates

18 candidates already are vying for the top job at Minneapolis city hall, with more expected to sign on before the filing deadline Tuesday.

Buffalo Wild Wings Ups Profits, Plans Pizza Chain In Mpls.

CEO Sally Smith said the company plans to have PizzaRev open a Minneapolis location by the first quarter of next year.

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