In addition to announcing its acquisition, the Minneapolis-based medical-products company also said that its third-quarter net income dipped slightly from the same period last year-but its revenue jumped 15.3 percent to a record $19.86 million.
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Aaron Biber-who previously pleaded guilty to one count of first-degree criminal sexual conduct for sex with a minor over whom he had authority-must serve at least 12 years of his 18-year sentence in prison.
Larry Barenbaum, chairman of the company's board, will temporarily replace Nagler, who left "to pursue other interests."
The company posted better-than-expected third-quarter earnings and a nearly 8 percent increase in revenue.
Bradley Chapin, who has served as regional president of M&I Bank's Minnesota operations since 2004, has been named executive vice president of the company. He is succeeded by Jeanne Crain.
The nursing home in St. Paul's Highland Park neighborhood will close at the end of the year, resulting in the elimination of 150 jobs.
Supervalu's stock dropped dramatically on Tuesday after the company announced a significant loss for the second quarter.
The five local companies were all among the top 90 on the list, which includes the 500 largest U.S. companies.
The court-appointed receiver collecting assets from the $190 million Ponzi scheme has asked a judge to approve an "interim distribution" of $2.25 million-which amounts of 1.58 cents on each dollar lost in the scheme.
At a hearing originally requested by Denny Hecker to substitute his lawyer, he was taken into custody after refusing to supply a sufficient answer regarding where his money comes from and why he hasn't paid for his public attorney.
The organizations, both focused on philanthropy, have partnered to share administrative costs and programming.
James Wehmhoff is the seventh and final co-defendant to be sentenced for crimes stemming from the discovery of Tom Petters' $3.65 billion fraud scheme and the only one who received no prison time.
Earnings and revenue both exceeded Wall Street expectations and the raised its full-year earnings and revenue outlook in light of the strong results.
The Maplewood-based manufacturer recently filed a complaint alleging that Gojo Industries is infringing on its foamable products patent.
The acquisition of Alpha Beta Enterprise Company, Ltd.'s tape-related assets will strengthen the Maplewood-based manufacturer's industrial adhesives and tapes division.
St. Jude will acquire all of the outstanding shares of AGA Medical for $20.80 per share in a half-cash, half-stock transaction that's expected to close by the end of the year.