A new rule requires publicly traded manufacturers to disclose whether their products include minerals whose sale funded armed conflict in the Congo—and the rule will have a ripple effect on smaller companies as well.
Banking + Finance
Gravie, which helps individuals shop for health insurance, has now raised a total of $13 million; Minneapolis-based Argos Risk is among other local companies to recently raise funds.
In unrelated transactions, private equity firms recently acquired Twin Cities companies Shock Doctor and Innovative Laser Technologies.
GamePlan4Me was designed by St. Paul-based tech firm Augeo and has partnered with more than 15 professional athletes, most recently Kobe Bryant.
ProUroCare Medical, Inc., said it is delisting its stock in order to cut administrative costs, and to allow it to explore a possible sale.
The women’s clothing retailer beat analysts’ expectations as it neared profits for its fourth quarter, and it announced plans to consolidate more stores.
The collision-repair chain continues to grow, and it’s actively seeking additional acquisition opportunities.
TST Media, which operates under the Sport Ngin brand, reportedly received $10 million from Piper Jaffray and $5 million from a California venture capitalist firm.
Governor Dayton’s proposal would cut certain middle class taxes, B2B taxes, local government and nonprofit taxes, eliminate the gift tax, and increase angel investor tax credits.
Wireless Ronin Technologies is merging with fellow digital media firm Broadcast International, and Wireless Ronin’s stock price jumped more than 25 percent on the news.
Castlelake recently closed on $1.4 billion in new capital commitments, bringing its total managed assets to $3.6 billion.
Bixby Energy Systems founder Robert Walker was convicted on 17 counts of criminal conduct, including witness tampering and defrauding investors, after just a day and a half of jury deliberation.
It appears that Gov. Mark Dayton is set to eliminate the gift tax, which he signed into law last spring.
Bloomberg News reported that the Minnesota company is working with Goldman Sachs to sell some of its business units piecemeal.
Best Buy swung to a profit in its fourth quarter but is reportedly planning to cut up to 2,000 managers across the country.
Northwestern Mutual plans to add 107 financial representatives and 195 interns at several offices throughout Minnesota.
Profits at Minnesota-based banks climbed more than 17 percent in 2013, outpacing the national growth rate of 9.6 percent.
Target’s profits fell 46 percent in the fourth quarter, dropping from $1.47 per share to $0.81 per share; Target attributed $0.40 of the loss to its Canadian segment and $0.02 per share to the data breach.