Cargill’s animal nutrition business is expanding in Thailand by acquiring a facility that produces 60,000 metric tons of shrimp feed per year.
Business + Economy
A Minneapolis city committee approved the concept behind a massive development project; meanwhile, Wells Fargo publicly confirmed its interest in occupying planned office towers.
Prime Therapeutics, which added 443 jobs locally in the past year, recently announced its next location for significant job growth: Irving, Texas. The Eagan-based company plans to add 200 new positions there.
The Minneapolis-based company has struck deals to sell two of its businesses to law firms that are clients of the businesses.
Having already established itself as one of the top turnaround stocks of the year, Best Buy’s shares rose again on Monday after an analyst at Credit Suisse raised the company’s target price.
Ryan Companies won the bid to develop parking structures near the planned Minnesota Vikings stadium; the company had cited the parking project as a key component of its larger redevelopment plan.
Urologix paid Medtronic $2 million of the $7.5 million it owes for the licensing of a Medtronic, delaying payment for the remainder of the sum.
Kaskaid Hospitality, Crave’s parent company, is buying the former Trocaderos nightclub and also plans to lease the Old Chicago space in Uptown Minneapolis.
Mark Stenglein told the Star Tribune that the job wasn’t a “good fit” for him.
The Minority Business Development Agency said its services helped create or save a record-breaking 16,730 jobs in 2012 for minority-owned businesses across the country.
According to the Metropolitan Council, $2.5 million in cleanup grants will help add 1,700 jobs and 168 affordable homes.
Wednesday’s U.S. Supreme Court decisions regarding same-sex marriage were greeted as major victories for both Minnesota's LGBT residents and its business community.
Compared with last year, seven percent more legal, public relations and engineering firms and accounting consultants are confident in a stable or improved revenue.
The food titan’s earnings totaled $336 million in its fourth quarter, while revenue totaled $4.41 billion, up 8 percent from the same period in 2012.
In addition to workspaces, the new location will feature a “tap room” with craft beer, a movie theater for presentations and pitches, a billiard room that doubles as a meeting space, and a walkout patio.
The new laws also include a total of $496.1 million to fund dozens of arts, parks, trails, and natural resources projects throughout the state.
Surly Brewing and HGA Architects unveiled the new images as Surly celebrated its seventh anniversary.
The Minnesota Department of Employment and Economic Development released its quarterly Business Expansion Report Wednesday, which shows that the key expansion areas are in the west metro and Duluth.