Amid anti-trust concerns, the company had proposed selling some of the liquid finishing businesses that it recently acquired from Illinois Tools Works, but the Federal Trade Commission is seeking public comment on a proposed order that would require it to divest all of them.
Industry
All-natural sparkling sodas made by St. Louis Park-based Boundary Waters Brands debuted last year and are now available at more than two dozen retailers and restaurants—including Caribou.
In addition to the new London office, the local hedge fund manager now has offices in Minneapolis; Austin, Texas; and Singapore.
Comcast, which last year announced plans to hire 600 call center workers in Minnetonka and St. Paul, is now cutting roughly 65 St. Paul employees as it shifts its “inbound sales” operations to Oregon.
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Comcast, which last year announced plans to hire 600 call center workers in Minnetonka and St. Paul, is now cutting roughly 65 St. Paul employees as it shifts its “inbound sales” operations to Oregon.
The company, which sells various cardiorespiratory diagnostic systems, plans to change its name to MGC Diagnostics Corporation and has signed a letter of intent to sell off its New Leaf health and fitness product line; separately, Angeion reported a net loss of $409,000 on revenue of $6.3 million for the second quarter that ended in April.
The Wayzata resident was an influential figure in Minnesota’s health-care sector and is known for transforming Fairview from a single hospital to a multi-hospital system.
The latest closures and job cuts will occur across Europe and are part of the company’s efforts to streamline its operations in the region and consolidate them with the industrial adhesives business of Forbo Group, which H.B. Fuller recently acquired.
The airline began service at the Minneapolis-St. Paul International Airport on Thursday and gave away 40 million frequent flyer miles to promote the launch.
Fredrikson & Byron, General Electric Capital Corporation, and the John T. Petters Foundation recently agreed to settle clawback lawsuits filed by bankruptcy trustee Doug Kelley.
The coffeehouse operator plans to increase its total store count by 10 percent to 12 percent in 2012.
Same-store sales were up 4.4 percent this month, representing a more significant jump than the 3.5 percent increase expected by analysts and “at the high end” of the company’s expected range.
The Fargo-based bank last year acquired Minneapolis-based Bell Mortgage, and it now plans to change its name to capitalize on the brand recognition of the Bell name in the Twin Cities market.
A total of $600,000 in grants was recently awarded to help former employees of BAE Systems, Cargill, and Quality Wine and Spirits find employment.
The Monday fire also resulted in substantial damage to the plant; a cause has not yet been determined.
The city predicts that the switch from seven-sort recycling will increase materials recovered by 60 percent and boost the Minneapolis recycling rate from 18.1 percent to 32 percent.
Dario Franchitti and Scott Dixon—both of whom are sponsored by Target—were the first two drivers to reach the checkered flag.
Edina-based clothing retailer Hot Mama, which caters to fashion-forward moms, has grown to 30 stores in 11 states since its inception in 2004 and is on track to grow to 100 stores and generate $100 million in revenue by 2016.
Offering a lower barrier to entry, food trucks have allowed local entrepreneurs to test-drive their food concepts—but there’s a growing trend of trucks expanding their brands to permanent restaurants.
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