While Select Comfort's stock price remains lower than it was six months ago, it has recently been on a consistent climb, and analysts see additional growth potential.
Manufacturing
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.
Navarre Corporation is relocating its headquarters from New Hope to Dallas; as previously disclosed to state officials, the move will result in Minnesota layoffs.
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.
Stratasys said it will acquire MakerBot, a competitor in the 3D-printing industry; the $403 million purchase could grow based on MakerBot’s performance.
Medtronic, however, claims that the new findings confirm those of earlier studies, and that the product is safe and effective but carries some risks that must be weighed by patients and physicians.
Uroplasty, which is investigating issues pertaining to how it paid sales commissions, put Mahedi Jiwani on administrative leave and delayed the filing of its annual report.
The CEO of the St. Cloud-based scrapbooking company said the additional cuts that were planned for June would not occur, although plans may change later down the road.
IntriCon Corporation’s restructuring plans call for eliminating 35 global jobs and transferring work currently performed in Maine to Minnesota.
Emerson Process Management has chosen the abandoned ADC Telecommunications building in Shakopee for the global headquarters of its Rosemount measurement technologies business.
After reporting an 8 percent increase in third-quarter revenue, General Mills is raising its full-year earnings expectation for a second time in three months.
The Eden Prairie-based 3D printing company is reportedly eyeing an acquisition that would expand its presence in the 3D modeling market.
Adhesives and sealants producer H.B. Fuller purchased Curitiba, Brazil-based adhesives manufacturer Plexbond Química S/A for an undisclosed sum.
The delegation is tasked with exploring new trade opportunities, gathering market insights, acquiring business contacts for potential partnerships, and working to attract investment to Minnesota.
Valspar CEO Gary Hendrickson said the acquisition of Inver Group “significantly strengthens our position in the large and attractive European coatings market.”
Select Comfort has developed a product under its Sleep Number brand that allows users to heat and cool individual sides of a bed with wireless remotes.
Medical device manufacturer Medtronic has cut about 65 percent of the 2,000 positions it intends to eliminate and beat it’s fourth-quarter earnings expectations.