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3M Invests in California Water Treatment Co.
HydroNovation develops water-conditioning systems that reduce the amount of potentially hazardous substances and minerals in order to create high-quality drinking water for homes and buildings.
Cupcake Wars Winner to Open Maple Grove Location
Abby and Carlos Jimenez will open their second cupcake shop and cake studio at the Shoppes at Arbor Lakes in March.
Dayton: Metrodome Site Is Only Near-Term Stadium Option
The governor told the owners of the Minnesota Vikings that the Metrodome site is the only option for a new stadium, if a stadium bill is to gain approval from the Legislature this year.
Fargo CEO Keeps Windsong Farm Golf Club From Closing
Just when the Windsong Farm Golf Club was about to be foreclosed upon, David Meyer-founder and CEO of Fargo, North Dakota-based Titan Machinery-bought the club and plans to keep it open.
Former UnitedHealth Exec. Named Blue Cross CEO
Kenneth Burdick will take the helm in mid-February; he most recently served as senior vice president of Coventry Health Care and CEO of its Medicaid and behavioral health businesses; but Burdick reportedly spent 14 years at Minnetonka-based UnitedHealth Group.
GameStop Among Latest Tenants to Exit Block E
GameStop, Jewel Spa, and Mrs. Field's Cookies have reportedly closed their stores in downtown Minneapolis' Block E.
Hyatt Regency Offers $69 "Blizzard Rate"
Now through March 31, the downtown Minneapolis hotel will offer its special "blizzard rate" on weekdays whenever at least three inches of snow are predicted.
Minnesotans Plan to Spend More on Leisure Travel in '12
The majority of those who responded to a recent survey plan to spend at least as much on leisure travel this year as they did in 2011, and 24 percent expect to boost spending.
More MN Businesses Look to Hire, Invest this Quarter
Twin Cities Business
' Quarterly Economic Indicator survey found that, compared to the previous quarter, more Minnesota businesses expect to hire, invest in infrastructure, and raise prices during the first quarter of 2012.
NYT: American Crystal Part of Growing Lockout Trend
The New York Times reported that union lockouts, like the one imposed by Moorhead-based American Crystal Sugar, are now more common among American companies.
Regis Ousts COO Following Board Shake-Up
A couple of months after a contentious proxy fight resulted in an activist investor winning three spots on Regis' board, the company has terminated the employment of its chief operations officer for undisclosed reasons.
Retirement Plans: Men Focus on Cash, Women on Family, Health
A study commissioned by Ameriprise Financial found that when it comes to retirement planning, men focus on the numbers while women tend to plan based on lifestyle goals.
Target SVP Mulligan to Become Next CFO
John Mulligan, who will succeed 18-year CFO Doug Scovanner when he retires in late March, has been with Target for 16 years.
Cargill CEO Named Chair of U.S.-Brazil Business Council
Greg Page-whose company has production facilities, warehouses, and branch offices in roughly 80 Brazilian cities-has been named chairman of the Brazil-U.S. Business Council.
CMO Leaves Supervalu; Internal Successor Named
Julie Dexter Berg is leaving the company, and Michael Moore-who joined Supervalu last year as business transformation officer-will replace her.
Do Manufacturers Need to Pay More to Find Workers?
Minnesota manufacturers are reportedly hiring for highly skilled positions, but they can't find qualified employees-and some say it's because they are not offering high enough salaries.
Local Broker Charged in $3.3M Mortgage Scheme
Minnetonka resident Steven Carver, who was a real estate broker and operated Carver & Associates Real Estate in Maple Grove, allegedly orchestrated a kickback scheme through which lenders lost $3.3 million and that resulted in the foreclosure of 18 homes.
MN Creatives Make Interactive "SoundAffects" Wall in NY
Ad agency Mono and multimedia company Crash+Sues-both of which are based in Minneapolis-collaborated on an interactive installation for Parsons The New School for Design in New York.
Regis' CEO-to-Be Leaves Co.; 110 Laid Off
Pearce, who was set to take the reins in February following the planned departure of Paul D. Finkelstein, has elected to leave the company instead; separately, Regis laid off 110 employees at its corporate office this week.
Which of the "Best Cos. To Work For" Has 1,600 Openings?
Three Minnesota companies-General Mills, Allianz Life, and the Mayo Clinic-made
list of the "100 best companies to work for"; but Mayo-with 1,600 job openings-is also on the magazine
s short list of companies hiring in significant numbers.
Wilf "Optimistic" About Dome Site; L.A. Off the Market for Now
Vikings owner Zygi Wilf is now "optimistic" about the plan to build a new stadium at the Metrodome site. Los Angeles, meanwhile, which has been seeking an NFL team, is no longer in the market for 2012.
6 Dorsey Attorneys Join Rival Firm's Growing IP Practice
Minneapolis law firm Winthrop & Weinstine has lured six patent lawyers from Dorsey & Whitney to join its expanding intellectual property practice.
Apt. Bldg. Planned for Former Abbott Hospital Site
The long-abandoned Dunwoody Building in south Minneapolis is reportedly set to be converted into a 123-unit apartment complex.
Delegates Sought for June Trade Mission to China
The Minnesota Trade Office is now accepting applications for a summer trade mission to China-Minnesota's second-largest export market and an important trade partner for the state.
Kaler Calls for External Review of U's Health Center
The external review of the Academic Health Center, which will be led by Dr. Ken Kaushansky of Stony Brook University, comes on the heels of an internal review-which many in the university community found to be lacking.
Local Events Execs. Launch New Agency
The newly launched Bedd Head Media will offer a combination of media buying, promotions, and event marketing services.
MN Attracted Most Health Care VC in Midwest in 2011
Minnesota's health care start-ups led their Midwestern neighbors in attracting venture capital by raising $223.2 million last year, according to a report by Cleveland-based BioEnterprise.
Multiband Won't Complete Acquisition of WPCS
The New Hope-based company said that its planned purchase of design-build engineering company WPCS International "is not viable" given "current market valuations."
TCF Raises Cooper's Salary 58%, Extends Contract
TCF extended CEO Bill Cooper's contract term through the end of 2015 and increased his base salary from $950,000 to $1.5 million.
U of M to Interview Four Finalists for Carlson Dean
The first of four public interviews will feature Randall Peterson, deputy dean of faculty and professor of organizational behavior at the London Business School.
U.S. Bank Makes a Pair of Acquisitions
U.S. Bank acquired BankEast, a Tennessee-based bank that was shuttered last week by regulators; it also announced plans to purchase the Indianapolis-based corporate trust business of UMB Bank.
American Crystal Sugar: Full Steam Ahead
Despite escalating costs for all concerned, American Crystal Sugar is operating without 1,300 unionized factory workers locked out six months ago. Upping the ante, the union threatens to pull support for the Farm Bill, which in turn could hurt the entire sugar industry.
Call the Lice Ladies
The Twin Cities’ first lice elimination superstore found a niche in need of scratching.
Can Beer Stay Cool?
Craft breweries are springing up all across the Twin Cities. Why now? And will demand keep these start-up businesses from going flat?
Coleman Protests Target Center Funding in Stadium Plan
St. Paul Mayor Chris Coleman says a proposal for a Minneapolis Vikings stadium that involves funding for Target Center renovations is "unbalanced" and "inequitable."
Do Your SharePoint
Every adoption of Microsoft’s sprawling SharePoint software is unique.
Mulberrys seeks to make dry cleaning sustainable—and convenient. In three years, it has opened six locations.
G Is For Good Gate Grub
Delta Air Lines is spearheading a reinvention of airport concessions at MSP, and the results are already apparent.
Heard and Seen
Alpha Video and Audio introduces an innnovative emergency notification system for schools.
iPads Waiting in the Wings
Does high technology mix with chicken bones and beer? Buffalo Wild Wings is investigating.
Pay It Forward With MicroGrants
Social enterprise pioneer Joe Selvaggio started his newest venture, MicroGrants, to give ambitious people in need a boost—without getting them into debt.
Scratching a Niche
Five Twin Cities attorneys tell us about their highly specialized practices.
Securing a Market
Interrad Medical's catheter securing system attracts $10 million in funding.
Slow Motion Ecstasy
Periscope’s innovative campaign for Treasure Island evokes the agency’s jackpot year.
Small and Mighty
Egan Company’s CIO Jim Nonn prides himself on how much he and his five-person department can do.
Still Living in the Plastic Age
Minneapolis’s Taiga Records produces avant-garde music in an old-school format.
The Hyatt Regency, Renewed
Through a $25 million redesign, the Hyatt Regency looks to refresh its appeal to business travelers amid a lodging industry recovery.
Uptown: Sick Corner or Healthy Opportunity?
Parasole’s abandonment of the old Figlio space has observers asking whether something’s wrong in Uptown.
Where’s the Money?
It might be in venture capital—for companies with strong ideas, large markets, and clear exit strategies.
After Soft Dec., Target Sales Surge in Jan.
After seeing soft holiday sales in December, the retail giant saw a significant jump in same-store sales last month-double the increase that analysts expected and on the high end of the company's own expectations.
American Crystal: Window for Reaching Deal Is Closing
American Crystal Sugar says it is two-thirds of the way finished processing last year's beets, and "the window for reaching an agreement is closing."
Bloomington Man Gets 4 Years in Condo Mortgage Fraud
Gerald Greenfield was sentenced for helping Brett Thielen, who was executing a mortgage fraud scheme involving a Minneapolis condo building, launder illegal profits.
Burnsville Company, 3 Locals Accused of Fraud
Burnsville-based Lazy Deuce Capital Company allegedly duped Florida firm Integrity Dominion Fund into making $3.6 million in short-term loans to Lazy Deuce, $1.5 million of which hasn't been repaid.
Device Cos. to Double FDA Fees for Faster Reviews
A new agreement reportedly calls for medical device companies to pay $595 million in fees over five years, and for the FDA to add more than 200 people to its approval processes-which industry representatives have criticized as being too slow.
McKinley Buys Novon, Expands into Financial Market
Minnetonka-based IT consulting firm McKinley Consulting has acquired Elk River-based Novon Consulting, a firm that provides project management and business consulting to the financial services market.
Northwestern Mutual to Hire 300 Local Reps, Interns
Northwestern Mutual's Twin Cities offices expect to hire 94 financial representatives and 206 interns in 2012; Northwestern Mutual says that 45 percent of its senior field managers began their careers with the company as interns.
Target Settles Name Dispute With Canada Retailer
Fairweather, Ltd., International Clothiers, and Les Ailes will stop using the Target name and branding elements by January 31, 2013-right around the time when Minneapolis-based Target plans to begin opening stores in Canada.
U.S. Bank Announces Third Acquisition in a Week
After announcing two other acquisitions during the past week, the Minneapolis-based bank said it will also buy the institutional trust business of California-based Union Bank.
Walden University Names New CEO, President
Jonathan Kaplan, who has served as president of Walden University since 2007, was named its CEO; succeeding him as president is Cynthia Baum-who was Walden's executive vice president.
CHS Returns Record $421M to Co-op Members
Farmers, ranchers, and cooperatives in Minnesota will collectively receive $93.3 million, the largest share of the cash distribution among all states.
Datacard Invests in Maker of Smartphone Payment Tech
Datacard Group has invested in DeviceFidelity, and it will now offer the company's In2Pay technology, which allows consumers to make purchases with the wave of a smartphone.
Finnegans Revenue Grows 23%, Surpasses $1M in 2011
The Minneapolis-based beer company donates 100 percent of its profits to charities that feed the homeless; last year, the $46,000 it donated provided roughly 120,000 meals for the hungry.
Former Target.com President Eastman Joins Polaris
Steve Eastman, who left Target in October, will lead Polaris' parts, garments, and accessories business.
General Mills Goes Retro, Sells Atari-Themed Cereal Boxes at Target
Golden Valley-based General Mills has partnered with video game company Atari to introduce cereal boxes that feature classic Atari games from the 1980s; the limited-edition line is available exclusively at Target stores.
Hedge Fund Sues Petters Execs, Fredrikson & Byron
Ritchie Capital Management filed a civil racketeering suit against Petters' executives and in-house counsel, as well as Fredrikson & Byron, which reportedly performed legal work for Petters' businesses.
Local Start-up TST Media Buys WI Sports Website
Minneapolis-based TST Media has acquired Wisconsin Sports Network, a website that reports on high school sports in Wisconsin.
MillerCoors Buys Fast-Growing Crispin Cider in Mpls.
Sales for Crispin, which launched in 2008, grew 200 percent in 2011-outpacing the cider market as a whole, which grew 26 percent during the same period, according to MillerCoors.
Supervalu to Cut 800 Jobs, Including 200 in MN
The majority of the 800 cuts will take place by February 25, and they affect all Supervalu offices and most company departments.
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