Minnesota employers collectively lost 200 jobs in March, due in large part to the government sector cutting 1,800 jobs; the private sector, meanwhile, added 1,600 jobs during the month, likely fueled by strengthened consumer spending.
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Michael Lyftogt, who has served as CFO since February 2011, will return to his previous role as chief accounting officer-and Peter Michielutti, who's now CFO at CSM Corporation, will succeed him.
The medical device company will use the funds to launch its product in Europe and to conduct a clinical trial in the United States.
Forbes used four metrics to determine its list of the 2,000 largest public companies in the world: sales, profits, assets, and market value.
The closings, which are connected to H.B. Fuller's recent acquisition of the industrial adhesives unit of Forbo Group, will not affect jobs in Minnesota.
AAR Corporation plans to occupy 152,000 square feet in the former Northwest Airlines' maintenance facility in Duluth.
A new report from the Metropolitan Council predicts that the Twin Cities population will increase by 31 percent during the next three decades, while the area's "gross metro product" is expected to reach $400 billion.
Duluth-based Cirrus Aircraft said it has the necessary funding to develop the first single-engine jet on the market-a project that it started in 2008.
By consolidating some of its European offices and relocating its Texas distribution operations to the Twin Cities, the company expects to reduce annual operating expenses by up to $2.8 million beginning in 2013.
The bill, which was unanimously approved by both the House and the Senate, would allow employers in the private sector to express a hiring preference for all veterans and for the spouses of veterans who have died or who have a service-related disability.
Representative Morrie Lanning, the sponsor of the House stadium bill that would use public money to fund a new $975 million Vikings stadium, said after the vote that "somebody will have to pull a rabbit out of a hat for this thing to stay alive."
A local advocacy group released a report stating that four large banks, including U.S. Bank and Wells Fargo, are charging people interest rates as high as 365 percent.
A division of the Council of Better Business Bureaus has determined that some of Tennant's claims about its ec-H2O technology are not supported by evidence; meanwhile, a Danish competitor has violated the council's policies by using the council's findings about Tennant to promote itself.
The majority owners and operators of Provalliance will buy Regis' interest for 80 million euros, which translates to roughly $105 million; interim Chief Operating Officer Eric Bakken said that divesting Provalliance is "part of our ongoing evaluation of non-core assets."
The 2012 Pulitzer in music went to Silent Night, which was commissioned by the Minnesota Opera and premiered last November at the Ordway Center in St. Paul-and this year's Pulitzer in poetry was awarded to Life on Mars, written by New Yorker Tracy K. Smith and published by Minneapolis-based Graywolf Press.
Best Buy will close six big-box stores in Minnesota this year as the company undergoes a significant restructuring. Best Buy has also begun its search for a permanent CEO-a process that it expects will take between six and nine months.