Author’s archive

Xcel Moves Forward on Hiawatha Project Approval

Minneapolis-based Xcel Energy, Inc., took the next step in getting its Hiawatha transmission-line project approved by recently submitting required documents to the Minnesota Public Utilities Commission (PUC). The proposed Hiawatha

Don Shelby to Chair $15M Capital Campaign

Former WCCO anchor Don Shelby will lead a $15 million capital campaign for the Washburn Center for Children, starting early next year. As chairman, Shelby will strategize fundraising efforts for

First Commercial Bank CEO and President Departs

Bloomington-based Commercial Bancshares, Inc., recently announced the departure of Bradley Meier, president and CEO of the company's subsidiary, First Commercial Bank. Jeff Betchwars, who serves as director of the boards

UnitedHealth Group Expects Drop in ’11 Earnings

UnitedHealth Group, Inc., Minnesota's largest public company, said Monday that it expects 2011 earnings to drop from 2010 predictions-despite an anticipated increase in revenue next year. The Minnetonka-based company expects

95MW Paynesville Wind Farm Gets State Approval

A proposed 95-megawatt wind farm in central Minnesota received approval from the Minnesota Public Utilities Commission (PUC) on Tuesday, which allows plans to move forward on the 15,000-acre project. The

Dan McElroy Named Hospitality Minnesota President

Hospitality Minnesota, a St. Paul-based association management organization, announced Tuesday that it has named Dan McElroy president. McElroy-who has been commissioner of the Minnesota Department of Employment and Economic Development

Medtronic Buys Ardian for $800M

Medtronic, Inc., announced Monday that it will acquire Ardian, Inc., a privately held medical device firm based in Mountain View, California. Fridley-based Medtronic will make an $800 million cash payment

MN Banks See Some Positive Indicators in Q3

Minnesota's banks saw an uptick in earnings during the third quarter, which ended September 30, according to data released Tuesday by the Federal Deposit Insurance Corporation (FDIC). The 405 FDIC-insured

National Real Estate Supply Above Normal

The real estate market has a surplus of unsold homes-an increased amount of which are in foreclosure, real estate owned, or delinquent-according to a recently released report from research firm