Author’s archive

Polaris $13.6M Profit-Sharing Payout Sets Record

Just a week after Polaris Industries, Inc., announced improved annual financial results, the recreational vehicle manufacturer said it would issue $13.6 million in profit-sharing checks to employees. The company said

Second Man Charged in $194M Ponzi Scheme

Jason "Bo" Alan Beckman, an associate of local convicted Ponzi schemer Trevor Cook, was charged Monday for scamming nearly 1,000 investors out of $194 million. Beckman, 42, is the second

MN Gets High Marks for LEED Buildings

Minnesota has been named a leader in environmental design, ranking 10th for green building practices. The U.S. Green Building Council (USGBC) on Wednesday unveiled its annual list of top states

Capella President Quits After 4-Month Stint

After just four months serving as president of Capella University, Larry Isaak has stepped down from his post to "pursue other opportunities," the university announced Friday. Deb Bushway, who has

MN PUC OK’s Qwest-CenturyLink Merger

The multibillion-dollar acquisition of Qwest Communications International, Inc., by CenturyLink, Inc., has cleared a crucial regulatory hurdle in Minnesota. The Minnesota Public Utilities Commission (PUC) on Thursday approved the pending

Norwest Equity Sells Amcom Software for $163.3M

Minneapolis-based Norwest Equity Partners has sold Amcom Software, Inc., for $163.3 million in cash. Norwest, a middle-market equity investment firm, sold its portfolio company to Alexandria, Virginia-based USA Mobility, Inc.-which

Sun Country Close to Sale, Buyer Unnamed

Sun Country Airlines is on track to being sold in the near future, according to court documents filed this week. Doug Kelley, the trustee handling the Mendota Heights-based airline's bankruptcy

Target Recalls Beaded Curtains Following Injuries

Minneapolis-based Target Corporation has recalled beaded door curtains after three injuries were reported. The U.S. Consumer Product Safety Commission (CPSC) issued the recall on Tuesday. According to the CPSC, strangulations

Imation Acquires Encryptx Corporation

Oakdale-based Imation Corporation on Thursday announced that it has acquired Encryptx Corporation, a provider of encryption software that protects data in portable storage devices. Encryptx was previously owned by a

Jobless Rate Falls to 6.7%, Lowest Since Dec. 2008

Minnesota's unemployment rate fell to 6.7 percent in January-the lowest rate recorded since December 2008-according to figures released Wednesday by the Minnesota Department of Employment and Economic Development (DEED). The

Report: Hecker, Rowan Marry by Phone

Nearly four months after the government halted the impromptu wedding plans of fallen auto mogul Denny Hecker and his girlfriend Christi Rowan, the two have reportedly made their union official.

Supplements Maker Eniva Files for Chapter 11

Eniva USA, Inc., an Anoka-based supplements manufacturer, filed for Chapter 11 bankruptcy protection in U.S. District Court in Minnesota on Tuesday. The company indicated in its bankruptcy filing that it