Ecolab increased its full-year earnings outlook as it announced a 16 percent increase in quarterly profits.
Manufacturing
The agriculture equipment manufacturer recently broke ground on a 67,000-square-foot facility in the small Minnesotan town of Norwood Young America and plans to hire 15 new employees.
The positive results were driven by increased sales across all of Arctic Cat’s product categories.
The Medina-based company reported double-digit growth in both earnings and revenue, and it’s gearing up for much-anticipated product launches.
TSI plans to add about 50 percent more jobs to its corporate headquarters over the next four to five years to occupy its 58,000-square-foot expansion.
The company behind Sleep Number beds had seen its stock climb consistently over the last few months to about $27 per share, but its shares fell Thursday after the company released its second-quarter financial results.
Minneapolis has the ninth-most patent applications for every 10,000 metro residents in the world.
Cargill’s animal nutrition business is expanding in Thailand by acquiring a facility that produces 60,000 metric tons of shrimp feed per year.
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.
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.
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.