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Health Care + Med Tech

St. Jude Receives FDA Letter Citing Issues at CA Plant

The medical device giant said that the letter contained “11 observations” about its manufacturing plant in Sylmar, California; St. Jude vowed to respond to the FDA by November 7 and said it “has initiated efforts and redirected resources to address the FDA’s observations.”

Leadership

Best Buy Ousts 2 Execs., Expects 3Q Profits to Decline

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.

Lists

Consumer Reports Hits MN Hospitals Over Safety

Most local systems applaud the recent rankings, although each is quick to identify shortcomings.

Workforce + Talent

Studio/E and the Meeting of Many Minds

Studio/E helps professionals think afresh in a time when the old approaches to success don’t work as well as they used to.

Banking + Finance

Imation to Lay Off 20%, Restructure; Analyst Weighs In

Amid dismal quarterly earnings, Imation also said that it will explore “strategic alternatives” for its consumer electronics brands and businesses as it increases its focus on data storage and security; an analyst said that although Imation has “the resources to be successful,” he doesn’t see such businesses as highly attractive to potential buyers.

Other

Air France to Offer MSP-Paris Flights in Summer 2013

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.

Economy

Canadian Pharma Co. Moves HQ to MN, Will Hire 20

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.

Tourism

Plugged In: November 2012

The best opportunities for networking this month.

EisnerAmper

Becky Munson

St. Olaf College

Eduardo Pazos

Saint Paul Minnesota Foundation

Nadege Souvenir

Ecumen

Jim McAlpine

Brown & Brown

John Regal

Blue Horizon Energy

Marilyn Hardy

Lists

Newsweek: 4 MN Cos. Among 100 Greenest in U.S.

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.

Banking + Finance

Target to Sell $5.9B Credit Card Portfolio to TD Bank

Target, which has been seeking a buyer for almost two years, said that it will “continue to earn a substantial portion of the profits” generated by its credit card portfolio.

Banking + Finance

Merrill Corp. Refinances; Credit Ratings Likely to Be Upgraded

Merrill Corporation is expected to essentially replace its existing $626 million of debt with new loans that have later deadlines, and both Moody’s and S&P expect to upgrade the company’s credit ratings if the refinancing is executed as planned.

Other

Another Hot Designer to Debut Collection at Target

Prabal Gurung—whose creations have been worn by Michelle Obama, Kate Middleton, and Lady Gaga—has designed a limited-edition collection of women’s apparel and accessories that will hit Target shelves in February.

Technology

GovDelivery Expands St. Paul HQ, Work Force

The company has consistently increased its employee base during the last several years and has now expanded its St. Paul office by more than 30 percent to accommodate the growth.

Articles

Arts Picks: Anna Bolena

Minnesota Opera has already staged two of the Donizetti “Tudor Trilogy”: Roberto Devereux and Maria Stuarda. But Anna Bolena, about the second wife of Henry VIII, beats them all.