Author’s archive

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

CHS Names Casale New President and CEO

Inver Grove Heights-based CHS, Inc., announced Monday that Carl Casale will take the reins as president and CEO on January 1. Casale, 49, will succeed John Johnson-who announced in June

H.B. Fuller CEO Leaves, Replacement Named

H.B. Fuller Company said Monday that Jim Owens will succeed Michele Volpi, who on Friday stepped down from his roles as president, CEO, and a director. Vadnais Heights-based H.B. Fuller

Oslund Chosen for $5M Peavey Plaza Redevelopment

Minneapolis-based Oslund and Associates has been chosen as landscape architect for the redevelopment of Peavey Plaza in downtown Minneapolis. Krista Bergert, spokeswoman for the Minneapolis' community planning and economic development

Apogee Buys Brazilian Glass Manufacturer for $22M

Bloomington-based Apogee Enterprises, Inc., announced Friday that it has acquired Glassec Vidros de Segurana Ltda., a Brazilian architectural glass fabricator, for $22 million. The all-cash transaction also includes the assumption

Debt-Collection Agency Pinnacle Acquired

Pinnacle Financial Group-a Minneapolis-based debt-collection agency-has been acquired by St. Louis-based National Asset Recovery Services, Inc. (NARS). NARS' parent company, Miami-based H.I.G. Capital, announced the purchase on Thursday. H.I.G. said

Report: MN Health Care Quality Runs the Gamut

A new report sheds light on the disparities among Minnesota's health care providers-and it offers consumers a glimpse into the performance of hospitals and clinics throughout the state. The report,

St. Paul Heart Clinic to Close

The St. Paul Heart Clinic announced Thursday that it will dissolve on January 1 and be integrated into the Allina and HealthEast hospital systems-a move that many similar organizations have

Target Expects Q4 Sales to Hit 3-Year High

Gregg Steinhafel, chairman, president, and CEO of Target Corporation, said in a statement that the company is "well-positioned for the fourth quarter"-and it expects same-store sales to outperform all other