CEO Joe Grillo said that the sale of the Destron Fearing Corporation subsidiary will allow the company to operate its remaining business "with improved balance sheet liquidity and virtually debt-free."
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The City of St. Paul ranked 24th on GQ's recently released list of the 40 worst-dressed cities in the country.
City Running Tours has entered Minneapolis and offers an outdoor, educational alternative to the monotonous treadmill. It's targeting both locals and tourists-and through a partnership with the Westin, it's aiming to attract business travelers.
Minneapolis officials warned citizens that three events will bring about 60,000 people to downtown on Friday evening.
While some Minnesotans worried that Cirrus' acquisition by a Chinese company could result in the elimination of Duluth jobs, both the acquiring company's leaders and the City of Duluth have reportedly pledged to support the business-and keep its operations in the northern Minnesota town.
The company reportedly expects the acquisition to add $1.2 billion to its annual revenue-marking a 41 percent boost in sales for the company's international division.
Stefan Schulz, who has served as Lawson Software's CFO since January 2010, will assume the same position at e-commerce solutions provider Digital River.
The company reportedly gave layoff notices to some workers on Wednesday, although it isn't disclosing how many or where they're located.
There is still a lot of work that needs to be done at the Metrodome in Minneapolis-including determining whether the turf needs to be replaced-before a planned open house on August 20.
After being dropped by the History channel and passed over by numerous cable networks, The Kennedys brought in more than 2 million viewers per episode when it aired in the United States on ReelzChannel in April.
The deal gives Regis "controlling interest in the partnership" with Roosters, which has 35 franchised salons in 15 states and plans to open 40 more salons by the end of next June.
The company does not have immediate plans to open other ice cream kiosks, but a spokesman for Schwan's said that it is certainly a possibility if the Mall of America location is successful.
On Thursday, Governor Mark Dayton said he would accept Republicans' budget proposal from June 30-with some conditions to which they must agree-in order to end the state shutdown.
Truck stops are seeing increased traffic and more trucks are parking in their lots overnight-but the state's trucking companies are having problems getting credentials for drivers and experiencing a lag time in getting permits to haul oversized loads.
The medical device manufacturer's Epiducer lead delivery system-a neurostimulation system-received FDA approval and is now available in limited quantities.
The Richfield-based company says that brick-and-mortar stores are at a competitive disadvantage when online retailers aren't required to collect sales tax; it supports new laws like one in California that is designed to level the playing field.