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Can Capitalism Save The World?-June 2011
Fred Haberman and other social entrepreneurs think that it can help. In fact, it has to.
Bend the Insurance Cost Curve
Frustrated by their annual wrangling over health care reimbursement rates, care provider Fairview Health Systems and insurer Medica decided to try something more collaborative. They didn’t know it two years ago, but they were forming one of the country’s first “accountable care organizations” or ACOs. The model they set up reduces costs for both organizations and it has national influence. But what is an ACO? And will employers get in on the savings, too?
Taking Care Of Business, Summer Style
How to look your best whether in the office or at summer events.
Minnesota's Silicon Touch- June 2011
The state is a major—and growing—producer of the microchips found in your smart phone, iPad, and other touchscreen devices.
2011 ISES Minnesota Star Awards
A Team Experience
6 creative ways to enhance cohesion in a company.
Defending Your Finances
How banks and finance managers protect businesses against fraud.
For Subaru, Carmichael Lynch Puts Heart Over Head
Carmichael Lynch found and tapped the “deep connection” that Subaru owners make with their cars
Preparing For Reform
Health care reform is a moving target, but benefit managers still have some changes to aim at.
Spotlight-The Race to Better Sleep-June 2011
Meet three Minnesota med-tech firms pursuing the obstructive sleep market. What opportunity do they see?
Starters-Campbell Mithun Listens Out Loud-June 2011
The agency turns up the volume on being a Web 3.0 brand by hosting multichannel “Talkinars.”
Starters-DNA Diamonds: Customized with Carbon from You-June 2011
Starters-Setting the Table in Africa-June 2011
In a new initiative from General Mills and Cargill, philanthropy is market building and vice versa.
Whole Hog at Il Gatto
“A celebration of all that pork can be.”
Dairy Queen Successfully Launches Mini Treats
Consumers have reportedly responded favorably to smaller versions of Dairy Queen Blizzards, which launched last month; the company's chief brand officer says that "consumers are willing to pay a little bit of a premium" for them, which has helped operators protect their margins.
Itasca Project to Connect Area's Large and Small Cos.
The first Minnesota Suppliers Showcase will kick off on May 24; it will convene small suppliers and sourcing departments with large corporate and government purchasers in the hopes that the two parties may form partnerships.
Lunds Reveals Downtown Grocery, Liquor Store Plans
Lunds, which has long considered opening a grocery store in downtown Minneapolis, is now moving forward with plans for a 20,000-square-foot supermarket and a 5,639-square-foot liquor store, pending approval from the city.
Pentair Co-Founder, Former CEO Harpole Dies at 89
Murray J. Harpole started the company in 1966 and became its first CEO; 20 years later, after 15 at the helm and another five on its board, Pentair's revenues totaled $1.2 billion and it employed more than 8,000.
Report: More MN Gov't Workers Retiring
More than 2,500 state government workers are reportedly expected to retire this year, compared to 2,058 last year.
City of Duluth Sues Expedia over Unpaid Taxes
The lawsuit-which was filed in February-reportedly has Duluth-area hotels worried that the city will become blacklisted from Expedia's Web site.
Cretex Companies Acquires CA Manufacturing Co.
Once the acquisition closes, Pacific Plastics & Engineering will become an operating subsidiary of Cretex Companies, which already operates several other manufacturing companies.
Did You Know? A Tornado Gave Best Buy Its Name
June 14th marks the 30th anniversary of a tornado that tore through Sound of Music's flagship Roseville store. The company responded with a "tornado sale"-promoted as a "best buy"-and its success prompted a name change to Best Buy in 1983.
Entrepreneur, U Benefactor "Pinky" McNamara Dies
McNamara gave millions to his alma mater, the University of Minnesota, and enjoyed an unconventional career of buying bankrupt or foreclosed small businesses and using borrowed money to resurrect them.
Hecker's Bad Business Deal Set for $4.1M Settlement
Eden Prairie-based Gelco has agreed to pay the money in connection with a business deal that dates back to 2005; $2.1 million would go to Hecker's bankruptcy trustee on behalf of Hecker's creditors, $1.5 million would go to U.S. Bank, and $500,000 would go to Chrysler.
Medtronic Q4 Profit Plunges, '12 Outlook Falls Short
Shares of the company's stock fell Tuesday morning after Medtronic announced a 19 percent drop in fourth-quarter earnings, largely due to layoff expenses and weak implantable cardioverter defibrillator sales.
MN Tech Start-Ups Got $27M in Fed R&D Grants in 2010
Recently released data shows that Minnesota businesses received more than $27 million in 2010 through two federal grant programs-the Small Business Innovation Research and Small Business Technology Transfer programs.
Mpls Fed: Regional Bank Recovery Is "Weak"
The Minneapolis Fed said that banking conditions in the Midwest remained relatively flat during the first quarter, but Senior Vice President Ron Feldman expects improvement during the rest of the year.
Report: Rimage CEO, Shareholders Differ on Strategy
According to the
, Rimage CEO Sherman Black wants to reduce the company's dependence on disk duplication by starting an online service for customers.
U.S. Bank to Pay $1.2M to Settle FHA Violations
The Minneapolis-based bank will pay $1.2 million to resolve allegations that it failed to comply with FHA requirements in connection with 27 mortgage loans that resulted in losses of more than $465,000.
Analyst: St. Jude May Branch Out into Stent Market
A senior analyst with Wells Fargo Securities reported that St. Jude's minority investment in Micell Technologies may signal its entrance into the drug-eluting stent market.
Angeion CEO Resigns After Five-Month Stint
Angeion CEO Philip Smith has resigned in a decision that the company said was "mutual" between Smith and its board of directors.
Burnsville Man Guilty in $43M Mortgage Fraud
Troy Chaika was found guilty of charges related to a mortgage fraud scheme, through which he and co-conspirators fraudulently obtained money from more than 100 residential property deals.
Signed Liquor Law Paves Way for $20M Surly Brewery
Governor Mark Dayton signed the "Surly bill" into law, creating a brewer taproom license that allows the state's beer makers to sell their beer at their breweries.
2 MN Organizations Partner to Open Innovation Center
Co-working firm Coco will open a 16,000-square-foot innovation center at the Minneapolis Grain Exchange, which will provide space for tech accelerator Project Skyway.
ATK Protests $850M Army Contract Award
Alliant Techsystems filed a petition on Monday protesting an $850 million contract that it lost to London-based BAE Systems.
Coleman's Stadium Pitch Involves More than the Vikes
St. Paul Mayor Chris Coleman wants to pay for a Vikings stadium in Minneapolis with a statewide alcohol tax of 2 cents per drink. He also wants to move the state's pro basketball teams from the Target Center to the Xcel Energy Center.
Fairview to Eliminate 240 Jobs Throughout System
A total of 70 job cuts will be layoffs, while the remaining 170 positions will go unfilled after employees retire or leave for other reasons.
Krzyzaniak's Luxury Lifestyle Funded by Investors
According to the
, recently unsealed search warrants back up allegations that Michael Krzyzaniak used investors' money to fund his lavish lifestyle.
Local Cos. Reward Employees With a Good Time
reported that an increasing number of local companies are experimenting with ways to make work fun for their employees; efforts include everything from reviving company picnics to daily in-house foosball games and dinner-and-drink outings.
Nerdery Takes Overnight Web Site Challenge to IL
The Nerdery and volunteer Web professionals have already donated $1.5 million worth of free Web sites to nonprofits through the program. Now they're headed to Chicago.
Strong Profits Prompt Hormel to Raise Expectations
The Austin-based food maker saw a 20 percent jump in second-quarter profit, prompting it to raise its earnings guidance for the fiscal year that ends in October; but the company's stock price decreased almost 5 percent on news of the strong second-quarter earnings.
Study: Medtronic Product Increases Sterility in Men
A study that appeared in the June issue of
The Spine Journal
found that back surgery patients treated with Medtronic's Infuse product experienced higher rates of sterility; Medtronic and two surgeons involved in the original Infuse trial contend that not enough men experienced such complications to statistically link the problem to the Infuse product.
U.S. Bancorp Gets Low Ranking for Reputation
Major Minnesota employer Wells Fargo ranked 26th out of the 30 banks on the list, two spots below U.S. Bancorp; meanwhile, M&I Bank, which has 27 Minnesota offices, ranked sixth.
Why MN May Attract Med-Tech Jobs from Overseas
A recent report says that the cost of running a medical device production facility in the Twin Cities is competitive with other domestic locations, and there are a lot of other factors that can attract med-tech jobs.
MN Banks Earned More in Q1; Can the Growth Last?
The state's banks saw a significant jump in aggregate earnings during the first three months of the year, but much of the growth can be attributed to a drop in provisions for loan losses.
Nash Finch Gets Unsolicited Offer, Sells 4 CO Stores
The Edina-based food distribution company hadn't been looking to sell its Hispanic-oriented Avanza stores, but it took Texas-based Lowe's Market up on an unsolicited offer.
Reports: IBM Cutting Jobs, Some in Rochester
A union that represents IBM employees recently reported that the company is reducing its work force across four divisions, including one that has a location in Rochester.
Target Sees Challenges in Selling Credit-Card Unit
Separately, the retail giant said that it has chosen 105 Canadian sites at which it will build Target stores as part of its planned expansion north of U.S. borders.
Toy Company Owner Pleads Guilty to Fraud
Sandra Calkins admitted to falsifying her business records in order to renew a line of bank credit and attract investors.
Cold Spring Rides Craft Beer Wave, Plans Expansion
Cold Spring Brewing Company has plans to modernize its brewhouse and increase its capacity as it takes part in the growing craft beer trend.
Construction Begins on Radisson Blu Hotel at MOA
Mortenson on Thursday began construction of Carlson's $137.5 million, 500-room Radisson Blu Hotel, which will be connected to the Mall of America by skyway.
Former Bank CEO Gets 4 Mos., $30K Fine for Fraud
William Garfield Sandison, the former CEO of Community National Bank, is one of three executives from the bank who executed a scheme to defraud other financial institutions through the financing of Ramsey Town Center.
Luverne Ethanol Plant to Become Isobutanol Producer
Colorado-based Gevo is beginning a $22 million retrofit of the Luverne facility-which will become the world's first commercial-scale bio-based isobutanol plant.
Mpls. Leads U.S. in Plummeting Home Prices
In March, 19 of 20 major metro areas experienced falling year-over-year home prices-led by Minneapolis, which was the only city to post a double-digit decline.
Survey: Employers Hiring More Grads in 2011
A study by the National Association of Colleges and Employers found that employers plan to hire 19.3 percent more graduates in 2011 than they did in 2010.
$250K in Free Marketing Services Up for Grabs
Minneapolis marketing agency Echo Creative will give away $250,000 in marketing services to a local small business-and it plans to make the giveaway an annual initiative.
3M Invests in German E-Reading Company
The company said that e-reading opportunities are becoming increasingly important to it-and that it sees business possibilities in the education, library, and automotive sectors.
Brasserie Inspired, With a Modern Fillip
Adam Vickerman brings back Sunday suppers at Café Levain.
Concierge-Get Out of the Office!-June 2011
All work and no play can make anybody dull. Invite your favorite VIP clients out for a day of fun and leave the Twin Cities behind.
MN Lawyer Gets 18 Mos. for Tax Evasion
Samuel Alfred McCloud was sentenced to a year and a half in prison for intentionally concealing at least $595,000 in income when reporting his taxes.
Xcel Goes to Trial Over 5 Worker Deaths
The trial, which started Tuesday and relates to the 2007 deaths of five workers at a hydroelectric plant in Colorado, marks a rare instance when federal prosecutors have brought criminal charges against a company.
3M Makes List of Top 9 Company Names
magazine, which published the list, said that the company's original name-Minnesota Mining and Manufacturing Company-sounded "robotic and dull," but a nickname coined by the founders was just the ticket.
AG: CenterPoint's Pricing System Unfair
Minnesota Attorney General Lori Swanson has asked the Minnesota Public Utilities Commission to assess the effects of CenterPoint Energy's tiered pricing structure, which charges customers higher rates as their gas usage increases.
Appellate Court: Pension Funds Overcharged City
In the latest decision in a long legal dispute between two pension funds and the City of Minneapolis, an appellate court agreed with a district court ruling that said the funds miscalculated benefits and overcharged the city.
Feds Sue MN Co. Over Alleged Seafood Violations
The government claims in a lawsuit that even after inspections by the U.S. Food and Drug Administration, a Brooklyn Park-based grocery wholesaler continued to sell unsafe seafood.
May Residential Permits Rebound From April
There were 259 local construction permits issued in May, more than any other month since May 2010.
MN Co. Inks Deal to Make Green Packaging in India
Circle Pines-based Northern Technologies International Corporation signed a deal with ITC Limited to jointly develop and commercialize biodegradable products in India.
New 300-Seat Theater Coming to Downtown Mpls.
A new performance space adjacent to City Center will be called "New Century Theatre," and performances might begin as early as September.
North Dakota Taps MN to Fill Job Openings
Officials from North Dakota are looking for Minnesotans to help fill the state's 17,000 job openings.
Report: PolyMet Needs More Cash for MN Mining
A review of PolyMet's financial condition indicates that the company is low on cash-but it's in discussions about receiving early payments related to a previously planned financing deal.
Sun Country Gets Travelers Through Groupon
A media representative of the local airline told the
that its promotion via deal-of-the-day Web site Groupon "will allow us to reach new travelers who might not have tried Sun Country in the past."
Trademark Disputes Hit Local Nonprofits
Local nonprofits are reportedly facing backlash from other organizations that say people could be confused about the similarities in their names.
Twin Cities Top List of Healthiest, Fittest Metros
Among the country's 50 most populous metro areas, Minneapolis and St. Paul together ranked first on the American College of Sports Medicine's list; the ranking is attributed to the area's relatively low smoking rate, above-average percentage of exercisers, and modest rates of chronic health conditions.
American Medical Systems Settles Suits Over Merger
American Medical Systems has settled two separate lawsuits alleging that its board breached its fiduciary duties in connection with the company's $2.9 billion merger agreement with Endo Pharmaceuticals.
Capella Mulls Adopted Rules for For-Profit Schools
New regulations require for-profit schools like Capella University to demonstrate that they prepare students for employment-but they have been altered from an earlier draft to allow colleges multiple chances to improve their performance before losing access to federal aid programs.
Target, Canadian Co. Can't Settle Trademark Dispute
Target and Fairweather, Ltd.-which owns 15 Target Apparel stores across Canada-failed to reach a settlement through formal mediation; thus, a federal court trial is scheduled to begin in November 2012.
Target's May Sales Miss Analyst Estimates
The retail giant said that May sales were "near the low end" of the company's expected range, and same-store sales failed to meet analyst expectations.
Tennant Acquires Ohio-Based Water Star
Tennant said that the acquisition will add to its intellectual property portfolio, as well as its existing lineup of environmentally friendly cleaning products.
Best Buy Prevails in Geek Squad Trademark Suit
Best Buy sued Andrew Clayton last year and reached a settlement under which Clayton was required to cease infringing on the Geek Squad trademark-but the electronics retailer took him back to court after discovering continued use of the brand.
Medica Launches New Health Plan Offering
My Plan by Medica allows companies to contribute to employees' health plans while offering flexibility on how much coverage employees have and the amount that they will spend out of their own pockets.
Project Skyway Names 24 Finalists, 20 From MN
The Minneapolis tech accelerator has named 24 finalists that will compete for a chance to participate in the organization's three-month program, which starts in August.
Rep. Paulsen: FDA's Device Regs Are Inconsistent
Congressman Erik Paulsen said Thursday that the FDA's pre-market review processes lack "consistency, predictability, and transparency," which is making it difficult for firms to bring their products to market in the United States.
Rumors Swirl About Ackman Investment in Best Buy
Shares of Best Buy rose and call-option trades quadrupled in the past few weeks as rumors emerged about investor William Ackman buying into the electronics retailer.
State Changes, Eases Angel Tax Credit Requirements
Three key changes will now make it easier for companies seeking to participate in the program, which gives a 25 percent tax break to individuals and investment funds that provide seed money to businesses focused on technology.
UnitedHealth Buys Former ADC Campus for Optum HQ
The Minnetonka-based company will use the 450,000-square-foot Eden Prairie complex to house the headquarters of its recently-unified Optum health services businesses-OptumHealth, OptumInsight, and OptumRx.
Banks, Biz Owners at Odds Over Debit-Card Fee Limits
U.S. Bancorp and TCF Financial Corporation have voiced opposition to proposed federal rules that would limit debit-card swipe fees-but some of Minnesota's small business owners are heading to nation's capitol to give their support.
Minntech CEO Seriously Injured in Plane Crash
Roy Malkin sustained serious injuries when his private airplane crashed on Saturday.
Mpls., IBM Invest $1.65M to Improve Tech Services
IBM will invest $1.5 million in researchers' time that will be spent on exploring ways in which the city can improve services and cut costs; Minneapolis will contribute $150,000 to cover project management and IT costs.
Target Removes Beach Ball DŽcor Over Safety Issues
One concrete red ball outside of each Target store was dressed up with fabric and made to look like a beach ball, but concerns about safety prompted the retailer to remove them just a couple of weeks after their debut.
Delta Moving a "Few Hundred" Jobs Out of MN
Delta CEO Richard Anderson wrote a letter to employees indicating that despite moving Minnesota jobs to Atlanta, the airline is still committed to its hub at the Minneapolis-St. Paul International Airport.
Feds Investigate Delta Union Elections
The National Mediation Board is reportedly planning on-site investigations into whether the airline interfered with a series of elections through which its employees rejected union representation.
Imation Acquires Security Solutions Company
Terms of the deal, which aligns with Imation's recent shift to focus on data storage technology, were not disclosed.
MN Accountant Admits to Embezzling $1.9M
Brandon Tran pleaded guilty to one count of wire fraud and one count of money laundering.
Vikings Stadium Funding Approaches "Stalemate"
As negotiations continue about who would pay for $131 million in road construction associated with an Arden Hills stadium, Ted Mondale, who's leading negotiations for the state, reportedly said that the parties involved are "kind of in a stalemate."
Best Buy's Patel Left for Venture Capital Firm
Kal Patel recently left his executive posts at Best Buy to become a partner at VantagePoint Capital Partners-where he will help expand global investments by the venture capital firm and lead initiatives involving "strategic partners," including Best Buy.
Cargill CEO Pushes for South Korea Free Trade Agmt.
Cargill is invested in numerous U.S. businesses that export directly to South Korea, and the trade agreement awaiting ratification "is critical from both an economic and agricultural industry standpoint," according to Cargill Chairman and CEO Greg Page.
Feds Raid Local Co. Over Unproven Product Claims
U.S. Marshals seized probiotic products from UAS Laboratories last week at the request of the FDA, which is concerned that the company is marketing its products as drugs.
Gov't Halts Incentives for Wells Fargo, Other Banks
The U.S. Department of the Treasury is withholding financial incentives for Wells Fargo Bank, Bank of America, and J.P Morgan Chase Bank until they improve their efforts in a federal initiative called the Making Home Affordable Program.
More Xcel Customers Opt In to Air-Conditioning Deal
The utility says it's taking less effort to get customers to enroll in its programs that help them save money by agreeing to use less energy during hot weather.
Northern Oil Reassures Concerned Shareholders
Northern Oil & Gas reportedly tried to convince shareholders at its annual meeting that it has a business plan to get the company back on track.
Small Biz Owners Celebrate Victory in Debit-Fee Fight
A proposal to delay regulations that would put a new cap on debit-card swipe fees that large banks charge merchants fell six votes short in the U.S. Senate on Wednesday; big banks are disappointed, but TCF says that it will keep fighting through a lawsuit that it filed in October.
Target Pushed to Stop Making Political Contributions
Bill de Blasio, who sits on the board of a major Target shareholder-the New York City Employees Retirement System-wants the company to change its policy on political donations; Target CEO Gregg Steinhafel told shareholders that concerns have been adequately addressed.
5,132 MN Nonprofits Lose Tax-Exempt Status
The Minnesota Council of Nonprofits said that the bulk of Minnesota nonprofits that recently lost federal tax-exempt status are defunct; those that are active but failed to meet new reporting requirements can reapply to have their statuses reinstated.
MN Entrepreneur Says Real Estate Network is Coming
Robert Atkinson has been tight-lipped about details surrounding a multi-channel network that he says is in the works, but ESPN's founding chairman has joined the network's executive team.
Quality Bicycle Products Recalls Bike Carrier Racks
The Bloomington-based parts and accessories distributor received one report of a carrier rack bracket breaking while a rider was on a bike-which resulted in minor cuts.
State Could Pay Out Millions with Gov't Shutdown
The state is reportedly required to issue severance payments and cash for unused time off to the 36,000 employees that could be laid off under a government shutdown this summer-which will cost the state millions.
3M's Buckley Knighted by Queen of England
British Consul General Robert Chatterton Dickson called 3M's CEO "a leader in the American and Midwestern business community for decades."
Atomic Playpen Ads Make a Splash at Target Field
The local agency's multi-faceted advertising campaign for Pentair includes a "WaterCam," which displays a live feed of Twins fans-who appear to be under water.
EnXco Wants to Settle Suit With Xcel Over Wind Farm
EnXco's Merricourt Wind Project recently received final approval from the North Dakota Public Service Commission-but in order to move forward with the project, the company needs Xcel to settle a lawsuit and resume its contract for the project.
Felhaber Buys St. Paul Law Firm
Rosene, Haugrud & Staab brings five employees to Felhaber, Larson, Fenlon & Vogt's practice, including three lawyers who will join the firm's employee benefits group.
Judge Sides with U.S. Bank in Data Breach Suit
U.S. District Judge David Doty said that E-Shops Corporation's lawsuit was missing key information to back up its claims that it lost money as a result of U.S. Bank concealing a breach of its data.
List Ranks Twin Cities Fourth Best Metro for Jobs
Job resource Web site Monster.com indicated that industries to watch locally include health care (practitioners as well as technical and support workers), business and financial, and information technology (IT).
Report: St. Paul Company Raided by Commerce Dept.
The St. Paul offices of BeneVento Capital, which analyzes life insurance policies for clients, were reportedly raided on Wednesday by investigators from the Minnesota Commerce Department's insurance fraud division.
Two Men Sentenced in Investment Fraud Scheme
Mark Sutton and Joseph Finney each received prison sentences for enticing investors to buy shares in an investment dubbed "Envestclub," which they said offered high returns. But they didn't disclose that they were taking portions of investors' funds as commission.
Who's Betting on the Lawson Acquisition?
As shareholders prepare to vote on the proposed acquisition of Lawson Software, recent market activity indicates that investors have attempted to profit from the deal in a variety of ways-sometimes successfully, sometimes not.
Best Buy Sidesteps U.K. Rumors
The electronics retailer reported a decline in first-quarter earnings but outperformed analysts' expectations, sending its stock price up on Tuesday morning. And the company said that it doesn't comment on rumors like one that suggested that it may postpone its expansion plans in Europe.
Gas Cylinder Supplier to Open Roseville Plant, Hire 35
The facility under construction will be used to fill cylinders with medical-grade gases, which are growing in demand as the population ages and respiratory therapy is used more often.
Local Firm to Control Perkins Upon Bankruptcy Exit
Perkins & Marie Callender's Inc., filed for Chapter 11 bankruptcy protection on Monday and announced a restructuring plan that includes closing 65 U.S. locations, one in Minnesota.
MN Delegates Put Workplace Wellness on Nat'l Agenda
Amy Klobuchar, Erik Paulsen, and two other Congressional leaders have created a bipartisan caucus that will help employers find the most effective ways to support health among their employees.
Plymouth Broker 3rd Man Charged in $190M Ponzi Scheme
Christopher Pettengill faces up to 20 years in prison on three separate charges related to a fraudulent foreign currency investment program that he sold to investors.
Supreme Court Rejects Appeal from Petters' Victims
Investment funds that together lost $165 million in Tom Petters' massive fraud scheme sought repayment of their losses, but the Supreme Court rejected an appeal that challenged a federal judge's order denying restitution.
3M Prevails in Two Foreign Patent Cases
Two manufacturers-one in Canada and another in China-were separately ordered to pay 3M Company a combined $72,950 in damages for infringing on its patents; the Chinese company has appealed.
Gov't Shutdown Could Cost Canterbury Millions
If a government shutdown occurs at the end of this month, Canterbury may be forced to suspend substantially all operations-a move that would cost it more than $1 million per week in lost sales.
Hacker Gets 2 Yrs. for Stealing $275K from MN Co.
Jeremey Parker was sentenced to two years in prison for hacking in to the computer networks of a subsidiary of Digital River and transferring about $275,000 to his bank account.
Lawyer: No Charges to Be Filed Against Norm Coleman
Attorney Louis Freeh on Tuesday announced that neither former Senator Norm Coleman nor businessman Nasser Kazeminy-who was accused of funneling $75,000 to Coleman-will face charges, as the Justice Department has concluded its investigation.
NY Target Store to Vote Friday to Join Union
Workers at a Target store in New York will vote Friday to decide whether to join the largest retail union in the country, which could reportedly have ramifications for Target Corporation and the retail industry.
St. Paul, Minneapolis YMCAs to Merge
The new Y-which will be called the YMCA of the Greater Twin Cities-will be able to better serve member needs and expand into new service areas, the organizations said.
U Gets $51M Medical Grant, Joins Nat'l Consortium
The National Institutes of Health (NIH) gave the U of M a $51 million grant, which will support medical programs that aim to get treatments, therapies, and clinical trial outcomes to patients faster.
UHG Protest to Regain $23.5B Gov't Contract Denied
The U.S. Government Accountability Office on Tuesday rejected UnitedHealth Group's protest of a federal decision to rescind a contract that was originally awarded to it.
Commercial Real Estate Pros. More Optimistic
A recent survey of 50 local real estate professionals showed signs of optimism about the commercial real estate market during the next two years, despite an anticipated increase in land prices and building materials.
Dayton Releases Shutdown Plan for MN Agencies
Governor Dayton released his recommendations about which state agencies should continue offering services with limited staff during a government shutdown; MnSCU was spared, but many others were not.
Five Minnesotans Win Ernst & Young Entrepreneur Award
The leaders of Coborn's, Chamilia, and Minnesota Wire were among this year's Entrepreneur of the Year award winners for the Upper Midwest.
MN Adds 1,200 Jobs in May, But Jobless Rate Climbs
The unemployment rate climbed slightly in May to 6.6 percent-marking the first time this year that it has increased-but it still remains well below the national rate of 9.1 percent.
MN Cos. Affected as J&J Exits Stent Market
As Johnson & Johnson prepares to stop manufacturing drug-coated stents, competitors like Medtronic and Boston Scientific could see a boost in sales. Surmodics, however, a supplier to Johnson & Johnson, said that it is "disappointed" with the news.
MN Med-Tech Cos. Dispute New Heart Device Study
Roughly 40 percent of patients implanted with cardiac resynchronization therapy devices may not reap benefits from the expensive treatment, according to a new study. But med-tech giants Medtronic and St. Jude disagree, stating that current guidelines for using the devices were established through credible clinical trials.
Mpls. Complex on Most Endangered Historic Places List
According to the National Trust for Historic Preservation, the Pillsbury "A" Mill Complex in Minneapolis was foreclosed on late last year, and local residents fear that the site will be broken up for development.
Other Local Teams Object to Stadium Memorabilia Tax
A 10 percent tax on the sale of pro sports memorabilia is being pitched to help pay for the state's share of the Vikings' stadium, but other local sports teams are reportedly less than thrilled with the idea.
Polaris to Close Fargo Plant; 80 Workers Affected
The recreational vehicle manufacturer said that some employees are being offered jobs at locations where work is being transferred-including Wyoming, Minnesota; Spirit Lake, Iowa; and office locations in the Twin Cities.
Marquette Plaza Next Office Bldg. on Auction Block
The downtown Minneapolis office building, which is currently 85 percent occupied, is being offered for sale without an asking price, according to a listing by CB Richard Ellis.
Multiband Offers $22.7M to Buy PA Company
If a merger agreement is reached, Multiband said that the acquisition of Pennsylvania-based WPCS International would add more than $100 million in revenue and between $5 million and $8 million in earnings annually.
Sun Country Ad Brings D.C. Monument to I-494
The airline's new "soaring" campaign couples a 76-foot-tall replica of the Washington monument with a billboard and features ads on light-rail trains and other mediums.
W.B. Builders, Deluxe Improve Through Marketing Lab
W.B. Builders improved its efforts to connect with prospects and clients and boosted its revenue by 20 percent over the past year as it participated in a marketing lab offered by Deluxe.
Welsh Companies to Join Colliers International
Starting August 1, Welsh Companies' brokerage and property management divisions will begin operating under the Colliers International organization-marking Colliers' reentrance into the Twin Cities market.
Which MN Housing Markets Are Most and Least Expensive?
According to a new real estate report, Red Wing is the most expensive Minnesota housing market, and Owatonna is the least expensive; with an average listing price of $329,782 for a four-bedroom, two-bathroom home, St. Louis Park is the most-expensive market within the Twin Cities metro area.
Threading the Needle-June 2011
Making it easier to get a patent.
corner office-Don’t Cry over Spilled Coffee-June 2011
Starbucks’ experience offers tips for turning mistakes into learning opportunities.
editor's note-Cultivating Hunger Relief-June 2011
Social entrepreneurialism is hard at work as a coalition gears up to provide an additional 100 million meals to needy Minnesotans.
Money trail-Slipping Through a Slit of Opportunity-June 2011
Did Manny Villafaña’s latest IPO get help from high places? It sure could have used some.
Want a jobs program with sustained benefits for the state? Invest in the U.
playbook-Knowing When to Move On-June 2011
Bringing in a new chief executive allowed Paddock Labs to grow, and attract a buyer.
Seen on Site
Red Wing is using online video to convey “brand authenticity.”
Taking Care Of Business, Summer Style
How to look your best whether in the office or at summer events.
2011 ISES Minnesota Star Awards
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