After his retirement, Al Annexstad—who also served as CEO for 10 years—will continue to serve as a member of the company’s board of directors.
Industry
At the top of the list is a $24 million mansion on Lake Minnetonka in Orono, which is currently owned by former Vikings co-owner James Jundt.
Almost half, or 48 percent, of those surveyed expect a revenue boost, and 40 percent expect profits to rise over the next year; meanwhile, one-third of respondents expect revenue and profits to remain flat.
A majority of med-tech leaders surveyed for a study—which was commissioned by two local industry advocacy groups—have an unfavorable impression of their own industry, and many are looking overseas for future investments and job growth.
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A majority of med-tech leaders surveyed for a study—which was commissioned by two local industry advocacy groups—have an unfavorable impression of their own industry, and many are looking overseas for future investments and job growth.
The company said it will increase its sustainable seafood selection, make the packaging of at least 50 of its owned-brand products more sustainable, boost the percentage of employees enrolled in its company health plan who are tested for diabetes, and invest in programs that help increase U.S. reading proficiency.
The two organizations will aim to deepen Minnesota’s economic ties with China through the new office, which opened during Governor Mark Dayton's 10-day trade mission to the country.
St. Paul will ask for more than half of the $47 million that the state has set aside for economic development projects—and it faces growing competition for those dollars.
The state added government, manufacturing, and construction jobs in May while shedding jobs in the professional and business services, information, and leisure and hospitality sectors.
The music software company said that Chief Operating Officer and Chief Financial Officer Karen VanDerBosch will assume the CEO duties on an interim basis—and the board has initiated a search for a new chief executive.
Third Wave Systems, Inc., which makes manufacturing software, will use the money to develop technology designed to boost efficiency in factories.
Some analysts are speculating that the two Minnesota-based companies, whose share prices have dropped dramatically, could be the targets of leveraged buyouts.
The company said that it is “surprised and disappointed with the jury’s verdict,” and it is considering an appeal.
The new brewpub will be built in the former home of the Trocaderos nightclub, and it is expected to feature food, six to eight house-brewed ales, and live music.
The companies have worked closely for the past four years; both focus on therapies for diseases of the central nervous system, including Parkinson’s disease, epilepsy, and Alzheimer’s disease.
The middle-market investment firm separately announced that it has acquired Boothwyn, Pennsylvania-based health care company Pentech Holdings, Inc.
Jason Beckman, Gerald Durand, and Patrick Kiley were found guilty of a long list of charges pertaining to their roles in soliciting investors for Trevor Cook’s fraudulent currency trading scheme.
The 3.5 percent tuition increase for undergraduate Minnesota residents will be the lowest year-over-year hike in more than a decade; the budget for the 2012-2013 school year also calls for a 4.8 percent resident tuition increase for daytime MBA students.
The St. Louis Park-based restaurant chain said that the capital will “help to accelerate our growth going forward.”
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