The company, which also reiterated its earnings guidance and expects strong international growth for the current fiscal year, saw its stock rise almost 2 percent following its announcement.
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Sales also declined in the cardiac rhythm disease management and spinal products businesses, two of the company’s largest and highest-margin segments.
Cirrus Aircraft is one of several companies that is boosting headcount in Duluth.
The design-build contract for the St. Paul stadium will be executed in two parts; Ryan will receive $1.72 million for the design portion, which was finalized Tuesday.
MEDA has surveyed clients representative of hundreds of minority-owned companies it works with each year, for a report on how this part of our economy is doing.
Macy’s has closed and Lawson might leave, but the Saints ballpark, light rail, and residential projects are underway. The CBD looks ready to reinvent itself.
Strengthening the middle class is a common speech theme for President Obama, but can he design policies that will deliver on the goal?
Policies that turn them off will damage your business.
Competition among nonprofits is a healthy force for change.
Meanwhile, the Minnesota Department of Revenue clarified that the governor’s proposed tax expansion would apply to all purchases made by Minnesota businesses—but not to services sold to out-of-state clients.
Altec HiLine is awaiting approval for a $250,000 forgivable loan from the state that would aid its planned $1 million expansion in Duluth.
7000 Sandell Condominiums’ homeowners association and property managers will pay $40,000 to settle allegations that they violated the Fair Housing Act.
The executive board of a union representing about 13,000 U.S. CenturyLink employees has authorized setting a strike date, although negotiations with the company continue.
The University of St. Thomas board of trustees elected Julie Sullivan as the successor to Dennis Dease, who will retire June 30 after 22 years as president of the university.
The company’s fourth-quarter profits jumped nearly 400 percent, driving shares of its stock to close Wednesday at a record high of $52.82.
Stan Gadek is being replaced on an interim basis by Vice President and General Counsel John Fredericksen.
State officials say the bill would add an average of $72 per student in fiscal year 2014 and an average $339 increase per student in fiscal year 2015.
Because Minnesota receives so little federal funding, the direct impact of the sequester here would be limited.