Author’s archive

Calhoun Sq. Expansion Approved as Retail-Only

The Minneapolis Planning Commission on Monday approved plans to expand Calhoun Square as a retail-only building despite concerns from local residents and a recent commitment to include structural components for

EnteroMedics Nets $27.6M From Public Offering

EnteroMedics, Inc., said Tuesday that it netted about $27.6 million from its recently closed public stock offering. The Roseville-based medical device startup said that it closed its offering of 17.02

MN Unemployment Holds Steady Despite Job Losses

Minnesota's November unemployment rate remained unchanged from the previous month, according to figures released Thursday by the Minnesota Department of Employment and Economic Development (DEED). The state's unemployment rate held

Regis to Remain Independent Public Co.

Four months after it began exploring "strategic alternatives," Regis Corporation said Wednesday that its board has decided that it will continue with its existing business plan and remain an independent

University Ave. Businesses Fight to Delay LRT

Two organizations that represent University Avenue businesses are fighting to delay construction of the Central Corridor light-rail transit line until a compensatory fund of at least $20 million to $30

Best Buy’s Soft Q3 Sends Stock Down

Richfield-based Best Buy Company, Inc., on Tuesday reported third-quarter earnings of $217 million, or 54 cents per share-down from $227 million, or 53 cents per share, during the same period

CHS Appoints New Leadership Team

Inver Grove Heights-based CHS, Inc., on Tuesday announced the appointment of a new leadership team, effective January 3. The team, selected by president and CEO designate Carl Casale-who also starts

Petters Investor Petitions Supreme Court

Ritchie Capital Management, LLC-an Illinois-based investment firm that lost big as a result of Tom Petters' $3.65 billion Ponzi scheme-announced Monday that it has filed a petition with the U.S.

SurModics Names New CEO, May Sell Pharma Biz

Eden Prairie-based SurModics, Inc., announced Tuesday that it has appointed Gary R. Maharaj as its CEO and will explore strategic options for its pharmaceutical business, including a possible sale. Maharaj

SurModics Investor Seeks Board Shakeup, Nominates 3

SurModics, Inc.'s largest shareholder-Ramius Value and Opportunity Advisors, LLC-on Monday officially nominated three candidates for the company's board of directors. Last month, Ramius-which owns about 12 percent of SurModics' shares-submitted