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Starters-Kicking Off Its Own Shoes-November 2011
Design agency Ideas That Kick designed the Juil line—and sells them.
Blu Dot Barters
The furniture maker invited customers to make offers they’d trade for Blu Dot items.
Broader Vision, Tighter Focus
The Capital City Partnership takes a new director and a new direction.
Cambria’s Growing Mortgage Biz
Cambria Mortgage made more than $60 million in home loans in 2010.
Spy gear is everywhere. Should your business beware?
Craft brewers are on a growth bender. Now more of them want to create both the beers people love to drink and the places beer drinkers love to visit.
Her Job: More Jobs
As the governor's adviser on job creation, Kathy Tunheim wants to lead “a more substantive conversation.”
Kowalski’s Nabs National Retailer Award
Parasole’s Endless Appetite
The company means to feed its development side by positioning more of its concepts for sale. The upshot: Parasole will double its number of restaurants in the next five years.
Salmon leather as a luxury alternative to calfskin or snakeskin?
Experienced Resources places seasoned health care execs in short-term assignments.
Premium dinner plates made from sugar cane fiber.
Central Corridor Businesses Get More Financial Aid
The Met Council announced that an additional $3.3 million will be made available to St. Paul businesses hindered by the Central Corridor light-rail construction; that's in addition to the $7.8 million that was initially available.
Dell Compellent to Hire More than 100
Compellent said that it had planned to expand its work force prior to being acquired by Dell, but resources made available through the transaction will allow it to grow immediately.
Fairview Can't Locate 1,200 Patient Records
The records, which contain health and billing information for patients admitted to Fairview Southdale Hospital, were last seen on February 19, right before a scheduled move to a new location.
Gen. Mills Yogurt Claims Lead to Class-Action Suits
The company is being sued in four states-California, Ohio, Florida, and New Jersey-over the marketing and advertising of its Yoplait Yo-Plus Yogurt, which claims to have digestive health benefits.
Lifetouch Acquires Photo Unit from Herff Jones
Terms of the agreement, which is expected to close next month, were not disclosed.
MN Unemployment Dips to 6.6% in March
The state's jobless rate dropped a modest 0.1 percent during the month as employers added 2,800 jobs.
Nerdery Expanding HQ, Adding 100 Employees in '11
The Web development firm is in the process of more than doubling its space at its Bloomington headquarters as it plans to significantly increase sales and add 100 employees in 2011.
U.S. Bank, Wells Fargo Must Address Bad Foreclosures
Federal regulators are requiring more than a dozen banks across the country to determine the number of homeowners who could have avoided foreclosure in 2009 and 2010 and reimburse those who were improperly foreclosed upon.
3M Gets Grant to Expand in TX, Add 55 Jobs
Texas Governor Rick Perry's office announced that 3M will receive a $194,000 grant to expand a facility in Texas-a move expected to result in about 55 new jobs.
Best Buy Reducing Store Size, Adding Mobile Stores
The retailer expects to save between $70 million and $80 million per year by reducing the size of its "big box" stores by 10 percent.
Chinese Co. Sued by Polaris Seeks Case Dismissal
The Chinese company that Polaris sued late last year over patent infringement regarding its Ranger RZR side-by-side off-road vehicle has asked a federal judge to dismiss the case.
Graco Pays $650M for ITW's Finishing Businesses
The acquisition will lead to new products and technology, geographic expansion, and an immediate cash flow, according to Graco.
St. Paul OK's Plans for Retail Center, Pawn Shop
The developer of a proposed retail development asked for an exception to a rule that requires "alternative financial establishments" to be located at least 1,320 feet apart. The city's planning commission on Friday approved the request, allowing the project to move forward.
TCF Appeals Denied Request in Debit-Card Fee Suit
The Wayzata-based bank holding company has appealed a lower-court's decision to reject its request to block enforcement of forthcoming rules that will limit debit-card swipe fees.
Twin Cities Man's Scams Bilked Investors of $20M
Michael Joseph Krzyzaniak, who was convicted of a federal investment fraud felony in 1993, allegedly told investors that their money would be used to fund specific projects-but instead, it funded his expenses and lavish lifestyle.
Two MN Med-Tech Start-ups Raise Combined $12.1M
In separate announcements, Rotation Medical-which is developing products for the repair of soft tissue in the shoulder-raised $10 million, while orthopedic start-up Dgimed Ortho has raised $2 million.
Ameriprise Buys California Investment Advisor
With the acquisition, Ameriprise will start managing exchange-traded funds (EFT), investment vehicles that combine the potential benefits of traditional ETF investing with active portfolio management.
Best Buy Outsourcing Music, Movie Departments
The company announced Thursday that it will decrease the size of its music and movie departments and outsource their functions to a third party, which will save the company an estimated $40 million annually.
Klobuchar Introduces Cloud Computing Act
The Cloud Computing Act of 2011 aims to form new enforcement tools for investigating and prosecuting hackers and encourages the federal government to negotiate with other countries to establish consistent laws related to online security and cloud computing, among other things.
MN Ranks 10th Among Cities for Making a Living
Minnesota has relatively high average wages and low unemployment, according to MoneyRates.com.
OnPoint to Become Public Under Reverse Merger
The Edina-based company has completed a reverse-merger with Florida-based Vertical Health Solutions, Inc., which will reincorporate in Minnesota and ultimately make OnPoint a Minnesota-based public company.
Report: More MN Cos. Have Sales Tax Permits Revoked
Between October and March, the list of Minnesota companies that have lost their permits to collect sales tax reportedly grew by 38 percent.
$460M in Funding On its Way for Central Corridor
reported that St. Paul Mayor Chris Coleman confirmed that a funding grant agreement will be signed next week, which will bring in $460 million in federal aid for the $957 million project.
Allina Building New $29M Medical Lab in Mpls.
The new medical lab, which is slated to open in February 2012, will consolidate about 12 labs that are currently located in five different buildings on the Abbott Northwestern Hospital campus.
MN Orgs. Push for Transparency in Gov't Spending
NAIOP's Minnesota chapter, the Minnesota Taxpayers Association, and the Minnesota Chamber of Commerce plan to draft legislation requiring all government entities to use the same structure to report how they budget and then spend taxpayer dollars.
MN Woman Admits to Embezzling $400K from Allianz
Kimberly Dana Swenson, a 38-year-old woman from Shoreview, pleaded guilty to one count of mail fraud.
Regulators Close Rosemount National Bank
Central Bank of Stillwater will assume all of the deposits of Rosemount National Bank-the first Minnesota bank to fail this year.
Report: Big Lots Expands in the Twin Cities
According to the
, the Ohio-based discount retailer plans to open three new stores in the Twin Cities by the end of the year and is eyeing additional real estate in the area.
Report: MN Ranks 4th for Wind Generating Capacity
Approximately 9.4 percent of Minnesota's power was provided by wind in 2009, the latest period for which such data is available-and the state's wind farms now generate enough electricity to power the equivalent of 630,000 homes.
U.S. Bank Expands, Hires for Wealth Mgmt. Biz
A new unit that will serve the wealthiest individuals is in the process of being created; employees of all types will be hired to staff that unit-and, separately, the bank's broker-dealer unit plans to hire another 110 financial advisers by the year's end.
CW Technology Acquires St. Cloud Phone Provider
The move enables CW Technology to expand its VoIP business further into Central Minnesota and adds 60 clients to its current 320.
H.B. Fuller Buys Ohio Co., Adhesive Technology
The Vadnais Heights-based company acquired the rights to an adhesive system called Liquamelt, which produces an industrial glue that flows at room temperature.
Outland Faces $378K Fine Over Worker Injury
Outland Renewable Services says that it "respectfully disagrees" with the Department of Labor's findings, which indicate that the company ignored safety rules that led to a worker being severely burned.
Panchero's Vacates Block E
Panchero's Mexican Grill closed its Block E location on Friday, which prompted rumors that it was forced out by the development's new owner, Alatus; Alatus denies those allegations.
Polaris Saves 50 Jobs in WI, Buys Indian Motorcycle
Almost one-tenth of the 515 jobs scheduled to be cut in Osceola, Wisconsin, have been spared thanks to stronger-than-projected company growth; separately, Polaris said that it has bought Indian Motorcycle for an undisclosed sum.
U.S. Bancorp Profit Jumps 56% on Higher Revenue
The bank holding company's earnings of 52 cents per share beat analysts' estimates of 49 cents per share.
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