We asked to see the numbers.
The budget deficit forecast for 2014-2015 has dropped from $1.1 billion to $627 billion, meaning state legislators will need less in tax increases or spending cuts to balance the budget.
3M Company, Target Corporation, and St. Jude Medical also made the list last year.
CEO John Noseworthy said the Mayo Clinic will likely see a 20 to 40 percent annual revenue decline in the next five years due to cuts in Medicare, the arrival of state-run health exchanges, and other changes facing the health care industry.
In addition, sales have been “softer than expected” so far in February, but the company believes its foray into Canada, policy of matching online competitors’ prices, and new designer lines will help business this year.
The strike comes as the workers’ union and their employers failed to agree on terms of a new contract.
The Twin Cities ranks ninth among 358 major metros in terms of patents produced annually—and Rochester ranks third for patents issued per capita.
The company said it expects to close on its planned acquisition of Champion Technologies—which previously stalled amid federal antitrust concerns—in the first quarter.
Local incentives, including a reported $4.9 million tax incentive package, helped lure an investment that city and state officials believe will help retain about 1,200 jobs in Owatonna.
Developers say the city is an attractive option for apartments because of the retail development The Shops at West End and the city’s close proximity to downtown Minneapolis.
Starting this spring, the university will offer free online courses available to anyone in the world; it joins a growing number of universities across the nation that are offering such courses.
Profits grew 18 percent in the fourth quarter and 20 percent for the full year, thanks to a boost in club membership, strong sales in clubs open for at least 13 months, and a boost in sales of the company’s ancillary services.
Welcyon, Fitness After 50, which now has three locations, plans to add 20 more by the end of the year.
The company allegedly denied people with criminal records job interviews even when the crime was old, expunged, or irrelevant to the job they were applying for.
Sales also declined in the cardiac rhythm disease management and spinal products businesses, two of the company’s largest and highest-margin segments.
A U.S. Department of Energy test exposed solar panels made by six manufacturers to high humidity and extreme temperatures and found that those made in a plant on Minnesota’s Iron Range are the most durable.
The company’s fourth-quarter profits jumped nearly 400 percent, driving shares of its stock to close Wednesday at a record high of $52.82.
7000 Sandell Condominiums’ homeowners association and property managers will pay $40,000 to settle allegations that they violated the Fair Housing Act.
However, the number of foreclosures is still three times higher than in 2005; meanwhile home sales in January jumped 11 percent year-over-year.
The struggling data storage company, which reported a fourth-quarter loss of $310.2 million, said it is in the midst of a strategy to turn itself around, which includes previously-announced plans to cut 20 percent of its global work force.
Mortenson Construction is one of two firms still in the running, but its competitor, Arizona-based Hunt Construction, has ramped up efforts to win the contract by partnering with Kraus-Anderson Construction.
The company’s Twin Cities work force and locations will reportedly not be affected.
A new study analyzed how each of the 50 states and the District of Columbia handled the voting process during the 2008 and 2010 elections, and Minnesota is among seven “high performers.”
Minnesota is behind only five other states in terms of annual tax revenue loss stemming from corporations and wealthy individuals shifting profits offshore.
The 34-minute blackout during Sunday’s game extended the time viewers spent at Buffalo Wild Wings restaurants.
The celebrity chef and Bizarre Foods host reportedly said that “restaurants in the skyway are serving some of the worst food in the city.” Meanwhile, local food trucks have formed a group to respond to skyway restaurants’ claim that trucks are hurting business.
A new report also found that a majority of Minnesotans plan to spend their leisure time in the state.
Struggling Supervalu, which recently struck a deal to sell several of its brands, said that its new CEO will start immediately rather than assuming his post after the close of the sale, as was previously planned.
The strong quarterly results were driven by an increase in wealth management clients.
The Minnesota Twins, Bremer Bank, Graco, and Mortenson Construction were among the local companies that made the list, which was compiled by employee survey firm, WorkplaceDynamics.
Meanwhile, the plant is undergoing a $50 million upgrade, for which it received several local incentives.
Greg Fluet, who has served as interim CEO since November, takes the helm at a time when the company’s stock is struggling to meet Nasdaq’s minimum bid price requirements.
Others that made the list include The Saint Paul Hotel, Hotel Ivy, and The Westin Edina Galleria.
Brookfield Properties, which is looking to exit the Twin Cities market, has agreed to sell the building to a California-based real estate investment trust.
The Bloomington-based firm, which has roughly doubled its staff almost every year since its founding, now intends to grow at a “more manageable pace.”
Regulators said the bank failed to properly report transactions that might have been linked to terrorist activities.
Investors reacted positively to 3M's fourth-quarter and full-year 2012 financial results, sending its stock to a record $99.76 on Thursday.
The company is comparing the cost and benefits of each location and pursuing state and local support for both locations.
Groundswell Coffee is looking to expand and offering a glass of free beer or wine each day for life to those who help pay for it.
Jason Goldberger, the company’s new senior vice president of target.com and mobile, has a history of working in online retail.
The Robbinsdale hospital, which has been experiencing a decline in the number of patients it treats, shed an undisclosed number of employees on Monday.
The newly renovated common areas at 3M’s Maplewood headquarters feature wide-open spaces and glass-enclosed meeting areas to reflect a modern workspace.
The partnership will give the restaurant chain marketing and promotional rights to all 89 of the NCAA championships.
New Brighton-based Johnson Screens, which makes water treatment equipment and employs 250 people in Minnesota, has agreed to be acquired by Germany-based Bilfinger.
Fortune’s annual list is based on employee surveys, which include questions about job satisfaction, pay and benefits, and hiring practices.
Bradley Slawson Sr., and his son, Bradley Slawson Jr., could reportedly be ordered to repay tens of thousands of dollars and banished from the union.
The nominee, B. Todd Jones, has been acting director of the Bureau of Alcohol, Tobacco, Firearms and Explosives, where Jones has been acting director since September 2011.
Winmark Corporation, which has been growing recently thanks to its fast-growing Plato’s Closet women’s clothing resale franchise, will soon launch another similar concept.
The two plan to combine their respective databases of health insurance claims and clinical records in order to evaluate health procedures and find ways to improve them.
The new CEO succeeds Kevin DiLorenzo, a 10-year Olson veteran who was appointed chief executive in 2010 to grow the agency through acquisitions.
On February 25, Cynthia Bauerly will join the Minnesota Department of Employment and Economic Development as deputy commissioner of work force development.
The future of the 171 employees at the mill remains uncertain as the company looks for potential buyers as part of its plans to divest its specialty paper business; meanwhile its largest investor, Starboard LP, is unhappy with how the decision to divest was made.
The City of St. Paul previously selected the company to design and build the new Saints stadium, but public opposition to the contract award prompted the city to seek competitive bids.
Minneapolis-based real estate brokerage firm HomeServices of America, which made a series of acquisitions last year, has continued the trend into the new year with its purchase of California-based Guarantee Real Estate, one of central California’s largest brokerage firms.
Chris Heim and Dan Mayleben, who specialize in acquiring and growing software firms, plan to expand their latest purchase, Axium, organically and through acquisitions.
Business Insider recognized Coco, which offers co-working spaces in Minneapolis and St. Paul, for its well-equipped game room, meeting rooms, and beverage and catering services.
The retailer said that it received positive feedback about its holiday online price-matching policy and is extending the program throughout the whole year.
Minneapolis was the only U.S. city on the list and was described by the magazine as an “unexpected foodie mecca.”
This year’s local attendees will include 3M Company, which will showcase an 84-inch touchscreen table prototype, Canopy Company, which offers a touch-enabled iPhone case, and Finder Codes, which developed a QR code-based lost-and-found system.
The new services were announced as the Oakdale-based company, which has long offered physical data storage devices, is struggling to make a profit.
Minneapolis plans to raise property taxes by about 1.77 percent, while St. Paul’s budget calls for a 1.9 percent increase.
Rankings were based on percentage of residents that volunteered in 2011, which was 37 percent for the Twin Cities area and 38 percent for Minnesota.
The hacker group that claimed to have disrupted several national banks’ websites in September appears to have launched a second round of attacks, and Minneapolis-based U.S. Bancorp is once again a victim.
The two senators reportedly believe that the 2.3 percent tax on medical device sales will hurt companies’ profits and lead to job losses in the country.
Fortune magazine surveyed “elite fund managers” to pick the best stocks to invest in next year, and Minneapolis-based U.S. Bancorp and Golden Valley-based Pentair made the cut.
The company recently bought Iowa-based Mason City Business Systems, Inc., which expands its presence in the state and marks the company’s biggest acquisition to date.
New store openings in the United States and in Canada have also helped the women’s clothing retailer, which posted record sales in its most recent quarter.
The sugar producer’s net proceeds declined 32 percent in its 2012 fiscal year, and the union representing its locked-out workers say that’s because of the higher costs associated with having replacement workers.
Governor Mark Dayton has reportedly said he is committed to making tough tax and spending decisions in order to eliminate the projected deficit.
Recently-formed Silver Bay Realty Trust Corporation, which will buy distressed properties for rental and resale, is hoping to raise between $238 million and $265 million through an initial public offering.
U.S. Bancorp CEO Richard Davis anticipates “substantially lower” revenue growth next year, due to which the company plans to open fewer branches.
The metro area ranked third on Travel + Leisure magazine’s list of “America’s favorite cities” based on ratings of readers who are visitors to the area; it ranked 12th based on ratings of those who reside here.
The city’s permitted construction projects surpassed the $1 billion mark for the first time since 2000.
Upscale retailer Saks Fifth Avenue’s discount division will open a 28,000-square-foot anchor store at a planned outlet mall in Eagan.
The amended deal does not include Champion Technologies’ refinery unit, which Ecolab believes was the subject of government concern over potential anticompetitive issues.
Lydell Capritta, who became the digital agency’s new president in October, shortly after one of its co-founders left, has a track record of landing and managing large-budget and big-name clients.
Blake Hastings, who most recently served as senior vice president at the Phoenix office of Cassidy Turley, will succeed the longtime leader at CBRE's Minneapolis office.
The online game is aimed at educating players about the trials faced by school children living in poverty.
Separately, the company also opened its first office in Turkey last week.
Among universities that earned more than $2 million in royalties in 2009, the University of Minnesota reportedly saw the biggest drop during the subsequent two years.
The Austin-based company is rumored to be eyeing Hillshire Brands Company, whose brands include Jimmy Dean sausages, Ball Park hot dogs, and Sara Lee.
The site was reportedly down for about an hour on Monday morning, and some customers got stuck online waiting for purchases to go through.
Knowledge Marketing, Outsell, and SPS Commerce made Deloitte’s annual ranking, which is based on revenue growth over the past five years.
Launched to promote job creation in the state, Jobs for Minnesotans will support proposals to bring mining of copper and other metals to northeastern Minnesota—which it claims will create thousands of jobs.
Imris, Inc., will relocate about 60 employees from its current home office in Winnipeg and hire local residents for an additional 70 positions.
Roughly 25 products in Target stores nationwide and more than 300 products on Target’s website now feature reviews written by editors at technology news website CNET.
The team’s new local owner reportedly ensures that it will remain in Minnesota.
The Burnsville-based retailer expects that the acquisition will make it a nearly $1.5 billion company.
The Plymouth-based travel agency operator said that the acquisition will add about $850 million in total sales volume to its bottom line.
The economic development group said that by the end of 2012, its efforts will have helped create or retain 4,000 Twin Cities jobs.
The company revealed in regulatory filings that Thomas Oland disagreed with its board’s decision to consider external candidates while searching for the next CEO.
As part of a reorganization plan that the company expects will help cut costs, St. Jude will reduce its global work force by approximately 5 percent—in addition to the 300 jobs it eliminated in August.
The retailer is optimistic about the holiday season even though its October same-store-sales increase of 2.4 percent was “near the low end” of its expectations and failed to meet Wall Street predictions.
Governor Mark Dayton has appointed Bernie Arseneau, the agency’s current deputy commissioner and chief engineer, to serve as acting commissioner.
The Hotel Minneapolis was sold for $46 million, and the downtown Minneapolis Comfort Suites was purchased for an undisclosed sum and will become a Hyatt Place.
Graves 601 Hotel Wyndham Grand and The Saint Paul Hotel ranked eighth and ninth, respectively, on Condé Nast Traveler’s list, which was compiled based on reader ratings.
Residential real estate brokerage firm HomeServices of America has formed a new joint company that will launch a real estate brand called Berkshire Hathaway HomeServices and more than quadruple its network of brokers from about 16,000 to more than 69,000.
The company, which has hired 22 people in the metro area this year and anticipates additional hires in the near term, recently relocated to a larger office space.
In an attempt to become more nimble, Best Buy has opted to eliminate a layer of top management in its U.S. operations as the company continues to face declining sales.
DiaMedica, which is developing drugs to treat diabetes, chose to move to the Twin Cities because of the area's strong life sciences sector, among other benefits.
The seasonal service, which marks Air France’s first in the Twin Cities, will include five flights a week from May 21 through June 16 and one flight daily from June 17 through September 1.
Best Buy, U.S. Bancorp, Medtronic, and Target were in the top 100 on Newsweek’s annual “green ranking” of the 500 largest U.S. public companies.
The company plans to add 87,000 square feet to its former headquarters building in downtown Minneapolis, which is now a research and development facility.
Minnesota ranked high among the nation’s states in terms of both average debt load carried by recent college graduates and percentage of recent grads with debt.
A company spokesman reportedly said that Northern Oil and Gas let go of James Sankovitz because it no longer needs a chief operating officer.
CEO Dan Starks told investors that he is not aware of any specific problems at St. Jude’s manufacturing plant in California, but said the company could receive a warning letter from regulators after the plant’s ongoing inspection is complete.
Individuals who can benefit from the grants include former workers of General Mills, Delta Air Lines, Medtronic, and Best Buy.
In response to strong third-quarter earnings, UnitedHealth Group raised its 2012 earnings forecast.
The company announced its intent to purchase a 26.4 percent stake in LifeTech Scientific Corporation—a move that comes about two weeks after it agreed to buy another China-based medical device maker.
With the help of a grant from the Bill & Melinda Gates Foundation and The William and Flora Hewlett Foundation, a new Minneapolis school aiming to breed entrepreneurs will open in August 2013.
University of Minnesota Duluth alumnus Brian Kobilka and Robert Lefkowitz of Duke University will share the award for their research on protein receptors, which help the body sense and respond to outside signals.
Despite huge crowds and a few broken glasses, the annual Zombie Pub Crawl is no nightmare for bar owners.
More than 60,000 technology training videos created by Little Falls-based Atomic Learning will be available to Best Buy employees and some Geek Squad customers.
A new partnership, through which Geek Squad service plans are being sold on EBay, comes after similar deals that Best Buy struck with Target and Verizon.
Minnetonka-based UnitedHealth Group has agreed to acquire a majority stake in a Brazil-based health care company that operates roughly 70 hospitals and clinics and whose insurance covers more than 5 million people.
The restructuring comes about seven months after CEO Inge Thulin took the helm and two days after the company agreed to acquire industrial ceramics maker Ceradyne.
According to new data, Wells Fargo holds 43 percent of bank deposits in Minnesota—up from its 30.5 percent share last year and nearly double the 22.5 percent share held by local competitor U.S. Bank.
In a survey in which 10,554 diners weighed in on everything from their favorite burger and fries to salad and fast-food chain, Caribou Coffee and Buffalo Wild Wings were among the local chains that did well.
Additional company executives made appearances on American Banker magazine’s 25 “women to watch” ranking and its list of top banking teams.
The company said that Ryan Gilbertson resigned from his position at the oil extraction and production company he cofounded to pursue other business and charitable activities.
Minnesota’s state and local governments collected $4,587 per person in taxes in 2010—and spent $8,848.
The new openings are in addition to the roughly 600 Twin Cities positions the company has added over the past year and a half.
Phoenix International is the second company that C.H. Robinson has agreed to buy this month.
The annual Zombie Pub Crawl is
no nightmare for bar owners.
Profits are up at the women’s clothing retailer thanks to strong online sales and new store openings—including its first six in Canada.
The company will break ground next week on a 144,000-square-foot expansion and expects to complete it by late summer 2013.
Ecolab CEO Doug Baker said that the company is in need of additional leadership support after its $8.3 billion acquisition last year of Nalco Holding Company.
In Experian’s ranking based on the average of credit scores of residents in 143 U.S. cities, Minneapolis reclaimed the top spot after losing it in 2011 after four straight years of coming in first.
Three University of Minnesota researchers are developing technology that will use natural bacteria to purify water contaminated due to fracking.
The metro area’s 2011 exports totaled $26.2 billion in 2011, up 12.9 percent from the previous year, according to the U.S. Department of Commerce.
Ryan Companies US, Inc., will serve as the general contractor and lead designer for the new $54 million Lowertown ballpark.
Twin Cities Public Television has already raised $20 million and is using the money to launch a wide array of digital services in addition to its television channels.
In U.S. News & World Report’s 2013 rankings, many Minnesota colleges made appearances in categories including “best national universities,” “best national liberal arts colleges,” and “great schools, great prices.”
Geringhoff chose a St. Cloud site over more than 40 other prospective locations across North America because of the quality of the local work force, support from regional government agencies, and proximity to raw material suppliers.
Hubert Joly doesn’t think that there are a lot of consumers who visit Best Buy stores only to view products and then buy them online at lower prices.
U.S. Bank and the Metropolitan Economic Development Association have launched a series of quarterly events offering business consulting to minority entrepreneurs in the Twin Cities.
Northern Oil and Gas has reportedly been riding high on the recent oil-production boom in western North Dakota and Montana.
The two companies were also named to Forbes’ inaugural list last year, but their rankings dropped this year.
After the Department of Justice threatened to sue, 3M Company and Avery Dennison Corporation said that they will address antitrust concerns in order to receive regulatory clearance for 3M’s proposed acquisition of Avery Dennison’s office products unit.
Buffalo Wild Wings isn’t the first Minnesota company expanding to western North Dakota, where oil production has spiked in recent years.
The fair attracted 1,788,512 people this year—up 1 percent from last year’s attendance and narrowly missing the all-time record set in 2009.
Anser Innovation’s PetChatz device, through which pet owners can communicate with their furry friends remotely and even dispense treats, is one step closer to a launch.
More than half of the openings are in the Twin Cities, and nearly two-thirds are at mid-sized companies—those with 10 to 249 employees.
Wells Fargo’s NeighborhoodLIFT program will offer down payment assistance of up to $15,000 to qualified homebuyers seeking to purchase a home in Minneapolis or St. Paul.
The art museum is one of 10 finalists for this year’s “America’s Best Restroom” contest.
After announcing plans to add more than 2,500 jobs in Colorado, Texas, and California, UnitedHealth Group is now boosting its presence in New York.
The countertop maker plans to increase production in order to keep up with a spike in demand.
The start-up developed a Yelp-like website and smartphone application aimed at sustaining black-owned businesses and decreasing the unemployment rate within the black community.
Could reaching them be as simple as mastering social media?
Minneapolis and Medtronic are among the “best Gen Y cities” and the “best Gen Y employers,” respectively, partly due to high median salaries earned by those between the ages of 20 and 30.
Turns out the most sustainable paper can be made from what an elephant can’t use
Workers at Georgia-Pacific’s Duluth plant were notified Tuesday morning that the facility will shut down at the end of the month.
One Financial Plaza is now called Canadian Pacific Plaza, a change that is part of the building’s lease agreement with its new tenant.
The Houston-based company said that it does not plan to change the mall’s tenant mix or management staff.
Chad Anderson and Troy Huston each face up to five years in prison for allegedly brokering fraudulent mortgage loans.
Local companies on the list are Dero Bike Racks, Clientek, Colle+McVoy, Renters Warehouse, Quality Bicycle Products, Caldrea Company, and Haberman.
The move marks the brand’s first foray into Europe, where the company plans to continue to expand.
The board of directors decided to dismiss President and CEO Kenneth Aubrey, citing the company’s underperformance; meanwhile, board member Michael Doyle resigned because he disagreed with the decision.
ATM Network’s 25 employees have joined Cardtronics, and its Minnetonka headquarters will become Cardtronics’ Midwest hub.
A recent study found that low levels of education among Minnesota’s immigrants, many of whom entered the country as refugees, has raised the poverty rate.
Analysts reportedly say that Schulze’s efforts to reclaim the company with a team of Best Buy veterans could put the current board on the defensive and lead it to hire a chief executive who has more prominence in the retail sector than Interim CEO G. “Mike” Mikan.
The company also raised its revenue guidance for 2012, from about $71 million to between $75 million and $76 million.
Current CEO Wayne Fortun will take over as chairman following co-founder Jeffrey Green’s retirement from the position.
Capella University said that the proposed marriage amendment will negatively impact local companies’ ability to attract and retain employees; Mayo Clinic, meanwhile, will reportedly not take a position on the proposed amendment.
The mill’s owner, Verso Paper Corporation, already laid off most of the plant’s workers and has now decided to shutter the mill permanently.
LCH Pavement Consultants, which Target hired in 2009 to oversee parking lot repairs and maintenance across the country, allegedly conspired with several other companies to inflate and fix prices, misrepresent work being done, and distribute kickbacks.
Employees and commissioners have helped the county save approximately $4.4 million in the past two years through voluntary unpaid leaves and returned pay.
The cuts are part of the struggling grocer’s plans to restructure its technology department in an effort to reduce costs and increase efficiency.
Woodbury Financial Services will become part of American International Group’s broker-dealer business, Advisor Group.
St. Cloud-based Marco said the acquisition is part of its plans to expand nationally.
Florness is known for his tight expense and inventory control measures, according to The Wall Street Journal.
Robert Bosch Healthcare Systems claims that Chanhassen-based Cardiocom infringed on six of its patents, but Cardiocom denied the allegations.
Following disappointing quarterly financial results and amid a review of “strategic alternatives,” including a possible sale, Supervalu has dismissed its CEO.
The company has signed franchise agreements to open locations across the Middle East and in Puerto Rico over the next few years; it also plans to open 70 new locations in the United States and Canada this year.
Union, a new restaurant planned for the downtown Minneapolis space, will feature American cuisine and a rooftop dining area with a retractable glass roof.
After experiencing more than $17 million in losses at its Hong Kong office over the past 18 months, Piper Jaffray Companies has decided to close the office and expects the closure to boost its financial performance.
Medina-based Polaris Industries and New Delhi-based Eicher Motors Limited will together form a company and invest about $50 million over the next three years to develop a new line of vehicles for India and other emerging markets.
The Uptown Minneapolis eatery that closed in 2009 will reopen as Figlio 2.0 at The Shops at West End in St. Louis Park.
With the acquisition of competitor GSA Media, AllOver Media—which specializes in out-of-home advertising—now places ads at more than 50,000 gas stations and convenience stores nationwide.
The Minnesota State Fair is ramping up its craft beer offerings this year and will even feature an exhibit by the Minnesota Craft Brewer’s Guild.
Private equity firm LaunchEquity Partners said that if its offer were accepted, it would invest $10 million in MakeMusic over the next two years and retain all of the company’s employees.
Suburbs have historically led the seven-county metro area’s population growth, but the trend reversed last year with Minneapolis and St. Paul achieving significant gains.
The board also voted in favor of eliminating so-called “administrative transitional leaves”—high-paying leaves that were offered to university executives who were stepping down from their administrative roles but staying on as faculty members.
Kozy Shack Enterprises’ dairy desserts complement Land O’Lakes’ own dairy products, the Arden Hills-based cooperative said.
The company plans to buy two Texas-based companies—Venture Encoding and CardsDirect—through separate deals.
The company is expanding its infant offerings through its new CK Baby Shop, an area within its St. Paul store that carries products for newborns.
Wayzata Investment Partners, which owns 49.8 percent of the media company, is seeking to buy some shares from another investor, thus increasing its stake to 58.2 percent.
Foxy Falafel owner Erica Strait is planning a permanent storefront in the former Café Caribe space in St. Paul.
With Target’s stock up about 130 percent since 2009, five executives—including CEO Gregg Steinhafel—reaped millions by selling shares.
The company, which was accused of manipulating customers’ transactions to generate excess overdraft fees, said it has made changes to the way it handles customers’ accounts.
Health benefits administrator TriWest formally protested the government’s decision to award a $20.5 billion military contract to UnitedHealth Group, but an independent government agency upheld the decision.
Fastenal's industrial vending machines are not designed for coffee breaks.
This year’s fair will feature 40 new food items and a variety of musical acts, including Alan Jackson and Motley Crue.
Plymouth-based The Tile Shop intends to start trading on the Nasdaq Stock Market after it merges with JWC Acquisition Corporation.
Eighty-two percent of the locked-out union workers voted on a third and “final” contract proposal from American Crystal Sugar, and 63 percent of the voters rejected it.
The recently damaged mill’s future remains uncertain as owner Verso Paper Corporation is still assessing the costs and the processes that would be required if it were to repair the mill.
The Human Life Value Calculator iPad app gives users a range of their economic value based on current income and debt, as well as expected lifetime earning capacity—and Securian says it might make users “think twice about their life insurance coverage.”
St. Jude Medical claims that a defective device reported to the U.S. Food and Drug Administration last month did not have the same flaw as an older line of devices that was recalled last year.
Maplewood-based 3M said the acquisition of Federal Signal Technologies Group will expand its traffic products business.
General Electric Capital Corporation, Fredrikson & Byron, and the John T. Petters Foundation will collectively pay nearly $34 million to settle clawback lawsuits filed by bankruptcy trustee Doug Kelley.
After his retirement, Al Annexstad—who also served as CEO for 10 years—will continue to serve as a member of the company’s board of directors.
A majority of med-tech leaders surveyed for a study—which was commissioned by two local industry advocacy groups—have an unfavorable impression of their own industry, and many are looking overseas for future investments and job growth.
At the top of the list is a $24 million mansion on Lake Minnetonka in Orono, which is currently owned by former Vikings co-owner James Jundt.
Third Wave Systems, Inc., which makes manufacturing software, will use the money to develop technology designed to boost efficiency in factories.
The two organizations will aim to deepen Minnesota’s economic ties with China through the new office, which opened during Governor Mark Dayton's 10-day trade mission to the country.
About a year after the company closed its four clubs in India due to conflicts with a franchisee, it announced a new master-franchise agreement with a company that will open six clubs in the country by the end of the year.
The 3.5 percent tuition increase for undergraduate Minnesota residents will be the lowest year-over-year hike in more than a decade; the budget for the 2012-2013 school year also calls for a 4.8 percent resident tuition increase for daytime MBA students.
MentorMate, The Nerdery, and MPay Gateway made the inaugural "Flyover 50" list—which recognizes the 50 fastest-growing companies that are based in the middle of the country.
The coffeehouse operator is selling local band Rocket Club’s newest album at 198 of its Midwest locations.
A New York-based company will operate a St. Paul greenhouse that will grow tomatoes, lettuce, and herbs year-round for local Cub Foods stores.
Amid anti-trust concerns, the company had proposed selling some of the liquid finishing businesses that it recently acquired from Illinois Tools Works, but the Federal Trade Commission is seeking public comment on a proposed order that would require it to divest all of them.
The Wayzata resident was an influential figure in Minnesota’s health-care sector and is known for transforming Fairview from a single hospital to a multi-hospital system.
The latest closures and job cuts will occur across Europe and are part of the company’s efforts to streamline its operations in the region and consolidate them with the industrial adhesives business of Forbo Group, which H.B. Fuller recently acquired.
The airline began service at the Minneapolis-St. Paul International Airport on Thursday and gave away 40 million frequent flyer miles to promote the launch.
The Monday fire also resulted in substantial damage to the plant; a cause has not yet been determined.
The company has agreed to buy Brazil-based food company Yoki Alimentos, S.A., for about $859 million, thus confirming rumors that surfaced earlier this year.
Round Lake-based Farley’s & Sathers Candy Company and Forest Park, Illinois-based Ferrara Pan Candy Company did not release many details—including where the combined company will be based—but said that the post-merger company will be headed by Ferrara Pan’s current CEO.
The value of the U.S. Bancorp brand increased 9 percent from last year, while Target’s brand value declined 16 percent, according to a recent report.
Jamie Rice is the latest appointment to the Eagan-based insurer’s executive team, which has recently seen a series of departures.
The new jobs in downtown Duluth will be professional positions, including engineers and safety specialists.
General Mills to Cut 850 Jobs, Roughly 425 in MN
Sophia wants to tap the teacher in everyone to make students learn better.
In the heart of Minneapolis, a couple beekeepers are imagining a honey empire, 1960s style.
Boosted sales in Canterbury Park's newly remodeled card casino, combined with increased consumer spending and a mild winter, more than offset the severe impact of the July state government shutdown, which forced the park to close for 20 days and negatively impacted financial results for the 2011 third quarter.
The Minneapolis-based cereal company said the new name showcases its continued growth beyond the Malt-O-Meal line of products.
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.
Through a patent infringement lawsuit filed Monday, Honeywell seeks to stop electronics retailer Best Buy and California company Nest Labs from selling Nest Labs' thermostat line and to recover damages.
Minneapolis-based TST Media has acquired Wisconsin Sports Network, a website that reports on high school sports in Wisconsin.
Despite recent commercial real estate deals, including the $152.9 million sale of the Eagan campus of Blue Cross and Blue Shield of Minnesota, some big office properties in Minnesota remain on the market.
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.
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.
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.
Does high technology mix with chicken bones and beer? Buffalo Wild Wings is investigating.
Minneapolis law firm Winthrop & Weinstine has lured six patent lawyers from Dorsey & Whitney to join its expanding intellectual property practice.
The long-abandoned Dunwoody Building in south Minneapolis is reportedly set to be converted into a 123-unit apartment complex.
The newly launched Bedd Head Media will offer a combination of media buying, promotions, and event marketing services.
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.
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.
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.
Three Minnesota companies-General Mills, Allianz Life, and the Mayo Clinic-made Fortune's 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.
After being hit hard by the recession, once-prominent developer Opus Group is slowly making a comeback.
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.
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.
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.
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.
Through its new Tanks of Thanks program, CHS will reward some individuals who give back to the community with $50 Cenex fuel gift cards.
Chanhassen-based Snap Fitness said that it recently acquired Kosama Complete Body Transformation, which franchises clubs that offer instructor-led fitness classes that do not use cardio or weight machines.
Carlson Hotels and its Brussels, Belgium-based partner The Rezidor Group will now operate as the Carlson Rezidor Hotel Group.
The founders of Minneapolis-based start-up My Wonderful Life-which offers an online service that allows users to plan their own funeral-will present their business plan to a group of potential investors on ABC's Shark Tank.
Three local clubs-First Avenue, 7th Street Entry, and The Cabooze-were on Pollstar's 2011 list of "top 100 club venues."
Rapid City, South Dakota-based Black Hills IP, LLC opened its first Minnesota office in the TCF Tower in downtown Minneapolis.
Cargill's second-quarter earnings dropped 88 percent from a year ago as the agribusiness faced uncertain markets and fluctuations in sugar prices.
In an effort to get unemployed Minnesotans back to work, Governor Mark Dayton proposed tax credits for businesses that are hiring, a $775 million bonding bill to help companies improve their infrastructure, and additional funding to a state program that helps businesses expand or relocate to Minnesota.
To occupy herself in her spare time, graphic designer Nicole Meyer creates a logo for a new Minnesota lake each day and posts it on her Web site, Branding10000lakes.com.
Due to shortage of skilled manufacturing workers, MPS Technical-a staffing agency that serves the manufacturing industry-saw record revenue growth in 2011.
Accounting firm Eide Bailly-which provided professional services to two of Tom Petters' business entities-has asserted in a lawsuit that it is not liable for any damages, but Petters receiver Doug Kelley says otherwise.
According to Advertising Age, Target's split with its lead ad agency Wieden & Kennedy stems from the October departure of Michael Francis, Target's former chief marketing officer.
The Minnetonka-based company said it is partnering with three companies that offer health related mobile technologies-CareSpeak Communications, Fitbit, and Lose It!
Scott Kinney, who has served as president of two Thomson Reuters divisions-West Education Group and FindLaw-will become president of Capella University January 17.
Brooklyn Center-based Caribou Coffee claims to be the nation's first major coffee retailer to source all of its beans from farms that meet sustainable standards developed by the Rainforest Alliance.
DEED will allocate up to $15.4 million for four new programs that aim to improve access to capital for small businesses.
Little Canada-based St. Jude Medical said it plans to make a three-story, 275,000-square-foot addition to its Plymouth site-which will more than double the current 205,000-square-foot facility.
According to Mpls.St.Paul magazine Senior Editor Allison Kaplan, Zara and Topshop are among likely new tenants.
The Maplewood-based company has agreed to purchase Avery Dennison's office and consumer products business and said the acquisition will expand its global presence in the industry.
The council will reportedly spend the money on a marketing campaign intended to attract customers to struggling businesses along the Central Corridor light-rail line.
The Vadnais Heights-based company expects its annual revenue will grow by about 47 percent following the acquisition.
Eden Prairie resident Robert Grogan developed a smartphone application that finds property rights, solar energy potential, and oil and gas lease statuses for entrepreneurs looking to develop new forms of energy.
Maple Grove-based Lutonix-which developed a drug-coated balloon to treat narrowed arteries-has been sold to New Jersey-based C.R. Bard.
The Eden Prairie-based bank reportedly accused former CEO Tim Owens of bilking the company out of nearly $15 million in personal loans, while Owens claims that the company encouraged him to borrow money to buy its shares and that he was wrongfully terminated.
The Green Bay, Wisconsin-based company plans to close the branches-including one in Rochester-in the first few months of 2012.
The company said it bought a patented data deduplication technology from Massachusetts-based Nine Technology-a deal that marks the company's fifth acquisition this year.
The Star Tribune reported that in order to survive a weak economic recovery and state and federal budget cuts, many nonprofits are cutting costs and consolidating with other organizations.
The U of M reportedly found that university surgeon David Polly violated its conflict-of-interest rules by failing to disclose his paid relationship with Medtronic on three occasions, but the school is not taking any disciplinary action against him.
At one of its Canada locations, Buffalo Wild Wings is trying out a system that allows customers to place orders and pay for their meals using restaurant-owned iPads; the company plans to implement a similar system at its Elk River location in January.
The school received a $250,000 grant from Wells Fargo & Company that will sponsor the research of study consumer behavior associated with the adoption of "green" technologies.
The council said it will provide cities with grants to support high-density, mixed-use developments along train and bus routes.
MarketWatch studied 102 of the nation's largest cities to gauge their "ability to support a strong business environment."
The Occupational Safety and Health Administration said that Cargill Meat Solutions Corporation-a subsidiary of Cargill-violated the agency's process safety management and fall protection standards at the company's beef production plant in Milwaukee.
The affected employees work in the company's Marshall and Bloomington offices.
Deerfield, Illinois-based Baxter International has agreed to buy St. Paul-based Synovis Life Technologies for $325 million-a deal that was unanimously approved by Synovis' board.
The retailer reportedly said that 2,400 employees in technology services and 1,500 contractors will move out of downtown Minneapolis to its campus in Brooklyn Park.
The university said that a new initiative-called Minnesota Innovation Partnership-will help eliminate prolonged negotiations with businesses over rights to research that they sponsor at the university.
St. Paul-based Ecolab, which completed its purchase of Nalco Holding Company a week ago and announced on Monday that it bought Italian company Esoform, said it has acquired another company-a Brazil-based pest elimination business.
The acquisition will expand Mankato-based HickoryTech's fiber-network footprint in the Fargo area.
The Minnetonka-based company struck a deal to be acquired by California-based SuccessFactors-a human resources software vendor that is being acquired by German company SAP.
The St. Paul-based company has acquired Italian company Esoform; the announcement comes less than a week after Ecolab completed its purchase of Nalco Holding Company.
Chart Industries, Inc., an Ohio-based manufacturer that already has a plant in Minnesota, is planning to open another manufacturing facility in the state that will create at least 100 jobs.
The Wayzata-based company-which has 138,000 employees in 63 countries-said the layoffs will be made across the company and are part of its effort to reduce expenses.
The Bloomington-based company was the only one from Minnesota on Forbes' list of 100 privately-held "up-and-comers" from across the country.
American Crystal's locked-out workers claim that CEO Dave Berg likened them to a "cancerous tumor," while the company claims that Berg's words were taken out of context.
New York-based Kohlberg Kravis Roberts & Company has agreed to buy the company for $1.12 billion from Capital Safety's London-based owner, Arle Capital Partners.
The Moorhead-based sugar producer has reportedly begun advertising for temporary workers and said that its "long-term goal" is to hire 1,300 workers if the lock-out continues.
Irvine, California-based L.A. Fitness-which has 12 fitness clubs in the Twin Cities-is buying 171 clubs from Chicago-based Bally Total Fitness, including all five of Bally's Minnesota locations.
Minnetonka-based UnitedHealth Group-which reportedly serves 7 million Medicare recipients-will add another 113,000 members with the purchase of Baltimore-based Medicare insurer XLHealth Corporation.
The Golden Valley-based wing chain said it was attracted to the "strong performance" of the restaurants, which are located in Ohio and South Carolina.
Atmosphere Recovery, which makes a system to increase the energy output from gas- or liquid-based energy processes, was named the grand prize winner at the Cleantech Open 2011 Global Forum.
The Chanhassen-based fitness club operator did not disclose the terms of the deal, under which it will buy a total of nine clubs in Indiana, North Carolina, and Ohio from Florida-based Lifestyle Family Fitness.
Maplewood-based 3M Company and Chanhassen-based Rosemount, Inc., are world leaders in innovation, according to Thomson Reuters.
A study commissioned by Ameriprise Financial found that Twin Cities residents are less ready for retirement this year than they were a year ago, probably due to rapidly declining home prices, tornados, and the Minnesota government shutdown-all of which have occurred within the past year.
The Richfield-based electronics retailer announced it will drop a $10 recycling fee it had charged to accept electronic devices with screens-including TVs and computer monitors.
The National Labor Relations Board found that Minnetrista-based Jimmy John's franchisee MikLin Enterprises violated labor laws when it fired six employees for engaging in union activities.
Less than a month after losing a bidding war for Renaissance Learning, Inc., Plato Learning announced that it has bought Virginia-based Educational Options, Inc, a provider of online learning tools.
The company announced that next year, it will double the number of current and former military members it hires-which totaled about 200 this year as of October-and will offer two weeks of paid leave each year to employees who have family members serving in the military.
The Richfield electronics retailer announced that it'll open at midnight on Black Friday-like Target and many other retailers-but CEO Brian Dunn said he was not happy about the race to unlock doors early because it impacts employees' Thanksgiving plans.
Toronto-based FirstService Corporation announced on Monday that it has acquired Gittleman Management Corporation, a Bloomington-based residential property manager, for an undisclosed amount.
The St. Louis Park-based restaurant operator said that it has completed the acquisition of the Cadillac Ranch eatery at the Mall of America and expects to close on the purchase of six more before the end of the year.
The company said that the sale will allow it to focus its resources on its core medical device and in-vitro diagnostic businesses-and help boost its finances.
St. Paul-based start-up Smart Signal Technologies will market a system that can collect real-time traffic information from intersections to help controllers better mediate traffic flow.
Joseph Traxler of Centennial Mortgage and Funding, Inc., admitted that he used funds intended for mortgage loans to cover Centennial's operating losses and to fund its payroll and other expenses.
The merged organization will have 3,600 employees-including more than 500 partners-and its annual revenue will exceed $550 million, placing it among the 10 largest accounting firms in the nation.
Federal officials say a local company was duped into exporting radio frequency units to Iran, some of which were later found in explosive devices in Iraq.
Governor Mark Dayton announced that the state will disburse up to $100 million among community banks to spur lending to small businesses, thus doubling the amount provided through an existing program.
The Bloomington megamall reportedly has a new group of tenants coming and thus expects to be fully leased this holiday season.
Best Buy, Medtronic, U.S. Bancorp, and 3M Company were among the 100 greenest U.S. companies on Newsweek's annual "Green Rankings" of the 500 largest public companies in the nation.
Nearly three months after American Crystal Sugar Company locked 1,300 employees out of their jobs, the Moorhead-based co-op is resuming talks with the workers' union.
Duke Realty Corporation sold the MoneyGram Tower and the 1600 Tower in St. Louis Park as part of a $1.08 billion deal under which 82 buildings were sold nationwide.
A former Cargill biotechnologist reportedly pleaded guilty to stealing proprietary information from the company and passing it back to competitors in China.
Kenneth Hasse admitted to defrauding investors out of $8 million to finance his company, ConServe Corporation.
At a free speaker series at the University of St. Thomas, executives from General Mills, Target, Best Buy, and 3M will discuss where real-world practices and academic theories meet.
In an attempt to boost revenues, the St. Louis Park-based restaurant operator will add seating to four of its locations-including two in the Twin Cities.
The automaker has been planning to shutter its St. Paul plant since 2006 and just announced a closure date-December 19.
Troy David Chaika was sentenced to more than eight years in prison for allegedly defrauding mortgage lenders of a total of $43 million.
The Richfield-based company said a proposed federal law allowing states to require online merchants to collect sales tax would create a fair marketplace for all sellers.
A new 64-page report outlines ways to reduce racial employment disparity in the Twin Cities, which reportedly has the highest such disparity among the nation's largest metro areas.
A recently posted video by an Envoy Medical patient went viral-and it reportedly increased sales inquiries received by the company by 150 percent.
General Mills ranked second on Forbes magazine's list of the top 100 brands in the world-ahead of Google and Apple; Target and Best Buy ranked 21st and 34th, respectively.
Total grants made in the state decreased 9.3 percent in 2009 from 2008, compared to a 5 percent drop between 2007 and 2008.
Thomas Sargent and Christopher Sims-both former faculty members of the University of Minnesota-jointly won the 2011 Nobel Prize in Economics.
Xcel says that a new federal regulation that is supposed to reduce coal-fired power plant emissions does not give the company enough credit for emissions it has already reduced at two plants in the Twin Cities.
As its parent company adopts a new name and brand identity, Carlson Marketing will operate as Aimia going forward.
The company's first club outside the United States is set to open in Ontario, Canada in March 2012.
A study reports that Minnesota lost 2,900 high-tech positions in 2010-a 2.3 percent drop in jobs compared to 2009 and more severe than the 2 percent drop nationwide.
A biodegradable plastic developed by a University of Minnesota biochemist has led to an Arkansas start-up that will manufacture what it claims are environment-friendly plastic bags.
Fortune magazine named Gail Boudreaux of UnitedHealth Group and Shari Ballard of Best Buy to its list of America's leading businesswomen.
Six current and former employees of Ameriprise Financial claim that their 401(k) investments were placed in poorly rated funds that had excessive fees, which resulted in the loss of $20 million; they seek to turn their suit into a class action representing all affected employees from 2005 to present.
Steve Leuthold will have a reduced role of co-portfolio manager and will advise on a few portfolios.
The cover of the magazine's October 10 issue was designed by Brock Davis, creative director of Minneapolis-based advertising agency Carmichael Lynch.
Regis on Monday announced that Randy L. Pearce-who is currently president-will serve as CEO starting February, and that the company plans to lower expenses by $40 million to $50 million over the next two fiscal years to improve earnings.
The new notification service can track marathoners and provide real-time progress updates to friends and family via text message.
Joseph Traxler of Centennial Mortgage and Funding, Inc., allegedly used funds intended for mortgage loans to cover Centennial's operating losses and to fund its payroll and other expenses.
The annual event that supports women's economic prosperity programs will have Connie Chung talking about successes and challenges during her four-decade career.
The state's departments of Commerce, Public Safety, and Natural Resources allegedly violated age discrimination laws by offering incentives such as health and dental benefits to workers who retired at 55-but not to older workers.
The addition gives the 3D-printer manufacturer the potential to double its production capacity and make up to 10,000 units per year.
An industry survey found that the average ATM fee in the Twin Cities is the second lowest in the country and that the average overdraft fee is the fourth lowest.
Cardio3 BioSciences-which develops regenerative and protective therapies for the treatment of heart disease-hopes the new subsidiary will support its clinical and development activities in the United States and bolster existing ties with Mayo Clinic.
WellPoint, Blue Cross Blue Shield of Michigan, and Health Care Services Corporation have reportedly bought a 78 percent stake in the start-up for an undisclosed amount.
An agreement between the U.S. Air Force and MTS Systems Corporation suspends a ban that was imposed in March and that barred the company from doing business with the federal government.
Carlson co-owners Marilyn Carlson Nelson and Barbara Carlson Gage are the richest Minnesotans, followed by Whitney MacMillan.
The Partners in Preservation program has chosen 25 historic sites in the Twin Cities that will compete for a total of $1 million in preservation grants; residents can now vote on which sites will receive the grants.
The Pioneer Press reported that the company is enjoying a huge growth spurt this year and that it plans to move its headquarters to Eden Prairie in April to accommodate the growth.
The Minnesota Department of Commerce said the alleged scheme involved real estate companies, real estate closers, appraisers, mortgage brokers, and numerous buyers and defrauded lenders in the sale of at least 45 properties.
The two organizations said the new contract extends the Target Center naming rights partnership through 2014 and will allow them to gain a better understanding of the potential for future renovations to the arena.
The firm's new research Web site is scheduled to launch on September 28 and will allow academics and investment professionals to share their white papers and other research on the hedge fund industry.
The state's Attorney General's office has terminated Dorsey & Whitney as Minnesota's chief bond counsel, citing ethical conflicts during the state government shutdown in July, and replaced it with an Omaha law firm.
The metro area's gross domestic product is the 13th highest in the nation and grew 4.4 percent between 2009 and 2010; that's compared to 2.5 percent average growth for all U.S. metro areas during the period.
The jobless rate for African Americans in the Twin Cities is reportedly 24 percent compared to just 6 percent for Caucasians, giving the region the widest racial disparity among the unemployed in urban areas throughout the country.
A dozen of the state's hospitals have won the Minnesota Hospital Association's patient safety awards for implementing measures meant to prevent accidents during surgical procedures and hospital stays.
The event, Robotics Alley, is designed to raise the profile of the Midwest in the global robotics industry.
Pamela Marie Dellis allegedly defrauded the state of $1.9 million through the creation of more than 200 false tax refunds.
Four former wealth managers at Minneapolis-based asset management firm Lowry Hill have joined Indianapolis-based Oxford Financial Group at its new Minneapolis office.
The funding will help Emerson Process Management expand its Rosemount division in Minnesota, resulting in the addition of 100 jobs in Eden Prairie.
The firm also named six new partners-all local wealth managers who came from Lowry Hill and will work out of the new office.
The Bork brothers allegedly orchestrated a $4 million mortgage fraud scheme that defrauded 24 area lenders.
The retailer reported a 4.1 percent increase in August sales, and plans to hire "thousands" in Canada in the years ahead.
The Star Tribune reports that cost of living in the Twin Cities has been rising this year, while Minnesota remains about 100,000 jobs short of where it was before the recession.
The electronics retailer has partnered with online game CityVille's developer-Zynga-to allow players to build in-game Best Buy stores.
Linda Tuttle-Olson, who operated a real estate closing company, was sentenced to 42 months in prison for allegedly stealing nearly $1 million from clients' escrow accounts.
The Microsoft Corporation co-founder holds 11.4 percent of Ecolab's stock.
The acquisition of the assets of ProStor Systems aligns with Imation's recent shift to focus on data storage technology.
The company will soon begin a search for a new CEO as federal investigators probe disclosure issues related to government contract forms.
The new application lets users create digital Post-it notes for themselves or others to view at a specific location or time.
H&R Block, which had acquired RSM McGladrey from McGladrey & Pullen, will sell the firm back for approximately $610 million, reuniting the two firms after a 12-year split.
Meanwhile, 82 private companies in Minnesota are among the nation's 5,000 fastest-growing, according to the magazine.
The company, which previously outsourced its online operations to Amazon.com, will now assume full control over its Web site.
The company hopes to tap the local medical device industry and expand its client base in the area.
The company will use the new funds to commercialize its products, which use balloon catheters to clear blocked sinuses.
A pilot program will evaluate single-sort recycling in two Minneapolis neighborhoods for consideration in future operations.
Under the new agreement, Wisconsin students attending college in Minnesota will have to make up the difference between Wisconsin's and Minnesota's resident rates-a cost that was previously covered by the State of Wisconsin.
The exchange will allow consumers to compare and buy health insurance.
A halt in lottery ticket sales and laid-off tax auditors reportedly took their toll on the state's receipts.
The state earned high scores for quality of life and education, among other categories, which bumped its ranking up from last year.
AC105, the compound whose rights are now owned by Acorda Therapeutics, could be a potential treatment for brain and spinal cord injuries.
The city scored well in the land use, water, and waste categories.
Gains in exports to Asia and Canada drove the state's exports to record levels.
The grant will fund training and counseling services for North Minneapolis entrepreneurs and businesses.
Just off Minneapolis' bike highway, Midtown Greenway, local start-up Bike Fixtation has installed a self-service kiosk, complete with bike parts, tools, and snacks.
The offering follows Cargill's plan to exchange a portion of its Mosaic stock for Cargill debt held by third parties.
The clinic is building a store through which it will gather input from people regarding what it should offer at its new permanent facility at the mega mall.
The planned site will include a 90-unit senior living facility, a McDonald's restaurant, and four acres for further business development.
Under the terms of the agreement, Toshiba Medical Systems Corporation will pay $18.75 for each of Vital Images' outstanding shares.
The two companies are researching a way to administer a new drug to the brain using an implantable drug-delivery system.
The center's five biggest consumer shows saw attendance increases ranging from 6 percent to 26 percent compared to last year's attendance.
As Doug McConnell prepares to swim the English Channel to raise awareness and funds for amyotrophic lateral sclerosis, Medtronic said that it will match fundraising contributions up to $50,000.
Medisyn Technologies claims the newly licensed compounds could potentially offer health and wellness benefits.
The cooking oil management company says that the acquisition will allow it to add new services and expand into new markets.
The Vadnais Heights-based company acquired the rights to an adhesive system called Liquamelt, which produces an industrial glue that flows at room temperature.
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.
Minnesota has relatively high average wages and low unemployment, according to MoneyRates.com.
The acquisition will lead to new products and technology, geographic expansion, and an immediate cash flow, according to Graco.
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.
Upon receiving antitrust clearance, the UnitedHealth subsidiary will buy Logistics Health, Inc.
The change will make Optum a one-stop shop for clients' health services needs, according to UnitedHealth.
By restructuring, the company hopes to address the needs of hospital administrators, who have been increasingly involved in device-purchasing decisions.
Rochester's Mayo Clinic placed among the top 10 in several categories of a U.S. News & World Report ranking, and the medical center was also among Thomson Reuters' "Top 100 Hospitals," along with Mercy Hospital in Coon Rapids.
The Bloomington-based manufacturer expects to name a successor before Wolfe's retirement on July 31.
Walter Investment will issue $765 million of new debt to acquire the equity of Green Tree, repay existing Green Tree debt, and pay fees and expenses related to the transaction.
New high-end tenants include Armani Exchange, Stuart Weitzman, and Michael Kors.
The chain plans to add at least 160 restaurants by 2015, although it hasn't disclosed a time frame for its ambitious long-term plans.
The retailer joined 72 others in a pledge to shun gold from "irresponsible mining."
The metro area ranked low among cities that Forbes claims are best for African American, Asian, and Hispanic businesspeople.
On the heels of a successful course offered to its own employees, the university's College of Continuing Education will now offer post-career help to employees of area businesses.
The new technology, developed at the University of Minnesota, will be used to treat atherosclerosis, and it could potentially also be used to treat cancer.
The company is the first in Minnesota to join the National Salt Reduction Initiative, a public-private partnership aimed at reducing salt levels in processed and restaurant foods.
Ecolab, Target, Best Buy, and General Mills are among 110 companies that have leading ethics and compliance programs, according to the Ethisphere Institute.
A greater number of women in high executive positions, coupled with efforts to help them advance, placed General Mills among the top 10 companies for female executives.
The company also plans to add four new shuttle train elevators in three states, which will enable faster grain transportation and increased access to the market.
The acquisition follows Imation's recent shift to focus on data storage technology.
The makeover will include redesign of the shopping center's 20,000 square-foot food court.
The medical device manufacturer said that its Mosaic heart valves are still going strong, 12 years after implantation.
The company expects to grow its customer base in the region and is optimistic about eventually adding more jobs.
The company said that the technology can potentially be used to prevent complications during sinus surgery.
The retailer's fourth-quarter earnings increased 10.5 percent on strong holiday sales and improvements in its credit card business.
The company will maintain its operations and staff at Compellent's former headquarters in Eden Prairie.
The Milwaukee, Wisconsin-based bank said that the layoffs are not related to its planned $4.1 billion sale to BMO Financial Group.
Owner and operator Bill Graves will retain current employees, as he becomes the third-largest franchisee of the pizza chain.
The five Big G cereal boxes will be sold exclusively at Target through mid-March.
The funding is part of a program focused on improving manufacturing efficiencies and reducing costs in the U.S. solar industry.
According to the developer, the Ackerberg Group, the project is expected to be completed within a year.
Occupations that will grow the most in 2011 are in the IT and health care sectors, according to the company.
The company also announced that its fire-fighting product, TetraKO, will now be distributed in parts of the western United States.
Werc Werk Works will screen its productions at both the Berlin and Sundance film festivals for the second consecutive year.
The company says suspension arm cracks could cause drivers to lose control of the vehicle.
The seller, LaSalle Hotel Properties, will use the proceeds to reduce its unsecured debt.
A recent report indicates that Minnesota grant-makers are more optimistic about their giving than they were at this time last year.
With roughly three job seekers per opening, the area's employment is expected to recover fully by mid-2011.
The pop singer, who was named the Minnetonka-based company's creative director last year, has co-designed a line of gadgets called Grey Label.
Susan Haigh, a strong housing advocate, will help Governor Dayton select additional council members.
California-based Pick Up Stix will move its headquarters to Bloomington as a result of the sale.
Pleased with a pilot program that sold health and fitness products in select stores, the electronics retailer rolled out the concept nationally.
The Minneapolis-St. Paul metro area lost 3,800 jobs in the technology industry during the recession.
The Minneapolis-based marketing company has donated a total of $5,000 to the five charities that have generated the most tweets over the past five days.
The number of jobs declined by 5,100 in November, while the state's unemployment rate-7.1 percent-remained well below the national average.
All positions were filled internally and are effective as of January 3.
Sherry Smith, who has acted as interim chief financial officer since Pamela Knous stepped down in July, will take over the role permanently.
The buyer, Ryder System, will retain the current management and employees of Total Logistic Control.
A recent survey indicates that improved marketing efforts and cost-saving deals are helping the Minneapolis retailer attract more shoppers.
The Nexus S hits Best Buy stores and the company's Web site on December 16.
The St. Paul non-profit will focus on bringing new business and jobs to the city.
The state scored well for its low uninsured population, but the frequency of binge drinking-as well as low public health funding-kept Minnesota from topping the list.
The acquisition of Winterthur will enhance and extend 3M's existing product line, according to the Maplewood-based company.
Twin Cities startup United Science will further develop a new sensor that has the potential to eliminate at least 24 tons of toxic waste emissions per mine.
The decrease in overall giving bucks a long trend of year-over-year increases or unchanged donation levels.
The company signed contracts with four major providers and now offers incentives for better care.
Vallay Varro-along with a long roster of local business leaders-will head MinnCAN, which will launch in St. Paul early next year.
The newly retired anchor will be fundraising for a new mental health facility for children.
As Governor Pawlenty's term draws closer to an end, the state's revenue commissioner, Ward Einess, has announced plans to leave the administration.