The Port Authority has reportedly reached a "handshake deal" with the Florida owners of the vacant Diamond Products building, under which the Port Authority would buy the land for $2.4 million and turn it over to the city to use for a regional ballpark.
Industry
Wellesley, Massachusetts-based Stream Global Services already has some corporate staff members-including its CEO-working out of a temporary Bloomington office.
Signs that the local economy is resetting in some creative and profitable ways.
Several local groups will collaborate with a Washington, D.C.-based organization to develop a plan that will double Twin Cities-area exports over the next five years, increase the number of companies that export, and increase the number of countries that local companies trade with.
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Several local groups will collaborate with a Washington, D.C.-based organization to develop a plan that will double Twin Cities-area exports over the next five years, increase the number of companies that export, and increase the number of countries that local companies trade with.
The court determined that Prometheus' blood test involved naturally occurring phenomena, and its patents are therefore invalid; the ruling is expected to have broad implications in the scientific community.
The Minnesota State Colleges and Universities system will ask the state's businesses which jobs are available now-and which openings they project for the future-so that it can align its education programs with those needs and better prepare students to join the state's work force.
In its 2011 earnings report, the first one made public in four years, Carlson said it experienced 13 percent year-over-year growth in system-wide revenues-but the recession appears to have taken a toll on the company.
Minnesota has regained 81,400 jobs since the recovery began-representing more than half of the 156,300 jobs that were lost during the recession.
Surly Brewing Company intends to have a firm under contract by mid-year, and it hopes to have its new $20 million brewery "in full production" as early as 2014.
The Federal Reserve said that the eight banks face fines for unsafe and unsound foreclosure practices; U.S. Bank said that the fines are not significant and it has been revising its foreclosure processes to satisfy regulators' requirements.
The Plymouth-based company said it has gathered additional information on its eSVS Mesh device in order to address questions that regulators had raised.
Regulators, which sought to block Graco's proposed acquisition over antitrust concerns, have now paved the way to discussions of a settlement.
UnitedHealth Group persuaded the government to revisit its 2009 decision to award a U.S. Department of Defense contract to TriWest; the bidding process was reopened, and the contract has now been awarded to UnitedHealth Group.
The state's angel investment tax credit program spurred the creation of more than 100 jobs last year, as investors collected about $15.8 million in credits.
The deal through which the Irish health care giant will buy SuperDimension- which develops minimally invasive devices used to diagnose and possibly treat lung disease-is expected to close in the second quarter of this year.
The Shakopee amusement park-which is open from May through October-hires about the same number of people on a seasonal basis every year.
Non-discretionary merchandise accounted for 44 percent of sales in 2011, up from 39 percent in 2009-and driving the shift is a strategy to induce the retailer's loyal, high-income shoppers to buy more rather than attracting new customers, according to a recent Star Tribune Point of Sale blog post.
The company will partner with Minneapolis-based developer Ryan Companies on the project.
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