The Twin Cities ranks ninth among 358 major metros in terms of patents produced annually—and Rochester ranks third for patents issued per capita.
Industry
Sales plunged 57.9 percent in the fourth quarter of 2012, and the company reported a net loss of $6.5 million for the period; CEO Kitty Iverson, who said she was “disappointed with our weak performance,” expects a challenging first quarter but gradual improvement later in the year.
The area surrounding the Bakken rock formation has seen a spike in oil production in recent years, bringing both job seekers and businesses to the area—including some with local ties.
An analyst report says TCF is the regional lender most likely to be sold this year, due in part to “uncertainty over CEO succession”; a TCF spokesman said, however, that the bank’s stance has long been that it would consider a reasonable offer.
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An analyst report says TCF is the regional lender most likely to be sold this year, due in part to “uncertainty over CEO succession”; a TCF spokesman said, however, that the bank’s stance has long been that it would consider a reasonable offer.
The Richfield-based electronics retailer said eliminating 400 jobs at its headquarters will help cut costs by $150 million—but it marks only the first step in a larger cost-reduction strategy.
The company said it expects to close on its planned acquisition of Champion Technologies—which previously stalled amid federal antitrust concerns—in the first quarter.
Local incentives, including a reported $4.9 million tax incentive package, helped lure an investment that city and state officials believe will help retain about 1,200 jobs in Owatonna.
Developers say the city is an attractive option for apartments because of the retail development The Shops at West End and the city’s close proximity to downtown Minneapolis.
Say goodbye to rubber chicken.
The Bloomington-based maker of filtration systems lowered its sales and earnings outlook, saying it expects continued weakness in certain markets amid continued economic uncertainty.
At Liquor Boy in St. Louis Park, everyday low prices trump the upscale environs.
Creative funding mechanisms and tax incentives are driving public and private collaborations on real estate deals.
The Cossettas class it up to nice effect.
As Vail Resorts digest Afton Alps, the local ski business warily watches for more signs of change.
In five years, Mike Rynchek has grown his digital marketing shop from a solo startup to a $4 million agency.
There’s a lot of press, if not sales, in naming a product outrageously.
Check out these hot spots, courtesy of three in-the-know Twin Citians.
Welcyon, Fitness After 50, which now has three locations, plans to add 20 more by the end of the year.
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