latest articles

SurModics Shareholder Seeks Board Positions

The medical device company's stock increased more than 10 percent on news that its largest shareholder-Ramius Value and Opportunity Advisors, LLC-is seeking board positions in order to address SurModics' "long-term underperformance."

Target Expects Q4 Sales to Hit 3-Year High

On the heels of a positive third quarter, Target CEO Gregg Steinhafel said that the company expects its fourth-quarter same-store sales to outperform every quarter from the past three years.

Rasmussen Moves Campus to Avoid Construction

The relocation of the college's Eden Prairie campus to a new development about three miles away in Bloomington is due to foreseen problems caused by the Interstate 494/Highway 169 interchange reconstruction project.

Resident Attachment to St. Paul Fuels City Economy

A new Gallup study found that in St. Paul and 25 other U.S. cities, social offerings, openness, and beauty are the main drivers of community attachment-and that attachment translates to increased gross domestic product.

U.S. Bank Buys Bank of America Trust Businesses

The Minneapolis-based bank will pay "up to $35 million" in cash for Bank of America's domestic and European securitization and trust businesses-a move that will add more than $100 million in annual revenue.