Financial terms of the acquisition were not disclosed.
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The company plans to triple the manufacturing capacity of products that use its S8 manufacturing process, which will result in an overall increase at the facility in 2011.
Myron Frans-a tax attorney who formerly worked at Faegre & Benson-has been named commissioner of revenue, and Mike Rothman-a shareholder at Winthrop & Weinstine-is the new commissioner of commerce.
Philip Joseph Franklin, owner and president of Franklin Drywall, pleaded guilty to one count of providing a false statement to two labor-union pension and benefit funds in connection with a scheme to underpay employees for overtime and to underpay union funds.
A diversity program called BrandLab is making its way into local schools in an effort to encourage minority and low-income high-schoolers to make marketing a career.
Following a tumultuous couple of years, the shoe company is set to grow as it experiences an increase in demand.
Customers who are looking to get the latest tech gadgets and devices will be able to do so by exchanging their old products under a buy-back program that Best Buy is reportedly launching.
Two board candidates nominated by shareholder Ramius, LLC, will join the company's board immediately, and two current board members will vacate their seats in February-an arrangement that Ramius sought in order to address SurModics' "long-term underperformance."
A company spokesman said he expects the bank to garner "more deposits and more customers" following the elimination of $9.95 monthly maintenance fees, which were imposed a year ago.
The acquisition-the financial terms of which were not disclosed-will strengthen the local firm's presence on the East Coast.
The Twin Cities saw a 13 percent increase in issued permits and a 27 percent increase in planned units in 2010.
The decline in industrial employment experienced in the Twin Cities mirrors trends from around the country.
Nida-Core is the latest in a long series of recent acquisitions for 3M. The company closed 11 deals in 2010, and two remaining transactions-for the purchase of Alpha Beta and Winterthur-are expected to close in the first quarter of 2011.
Grafton, Wisconsin-based Kapco will hire 50 to 70 employees to work at the plant after it begins leasing space there on March 1; laid-off Polaris employees are being considered for the positions.
U.S. District Court Judge Michael Davis ruled that the former auto mogul must remain in jail until his sentencing later this year.
The company has entered into an agreement with the city to purchase a 31,460-square-foot building and two vacant lots in an industrial complex where it currently owns three other buildings.