Author’s archive

Medtronic Opens China HQ, Will Hire 1,000

Fridley-based Medtronic, Inc., on Tuesday announced the opening of its new regional headquarters in Shanghai, China-a move that will strengthen the medical technology company's presence in the country and result

Unemployment Forces Smead to Cut 50 at HQ

Smead Manufacturing Company is laying off 50 employees at its headquarters in Hastings due to decreased sales amid high unemployment rates. A majority of the jobs being cut-about 95 percent-are

Mpls. Named No. 1 City for Job Seekers

There's no better metropolitan area for job hunters than Minneapolis. That's according to a recent report by Forbes, which cites research from New York-based recruiting firm Ajilon Professional Staffing. Ajilon

Target Opens Eight New Clinics at Stores

A new Target Clinic opened last week in Woodbury-and seven more are slated to open in the coming months, including three in Minnesota. The eight new clinics join 36 already-operational

Wells Fargo CEO Joins Debit-Card Fee Debate

San Francisco-based Wells Fargo & Company's top executive has joined the debate surrounding proposed regulations on debit-card fees, and his arguments align with those of other financial institutions, such as

Hutchinson Tech. to Cut Up to 910 Workers

Hutchinson Technology, Inc., plans to cut its U.S. work force by 30 to 40 percent, or between 683 and 910 employees. The Hutchinson-based disk-drive component maker will move some of

Life Time Bolsters Retention Efforts

Chanhassen-based Life Time Fitness, Inc., on Friday announced a new joint venture with Winona-based J.R. Watkins Naturals-a collaboration that Life Time says aligns with its recent focus on member retention

MN Angel Network Hopes to Net $700K

The Minnesota Angel Network (MNAN)-a recently announced initiative led by the BioBusiness Alliance of Minnesota-hopes to raise nearly three quarters of a million dollars. The MNAN will provide a statewide

New Regional Econ. Development Org. Names CEO

A recently formed regional economic development organization aimed at attracting, expanding, and retaining businesses in the 13-county metro area has chosen its leader. The Itasca Project-a conglomeration of about 60

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