The medical device company will use the funds to launch its product in Europe and to conduct a clinical trial in the United States.
Industry
AAR Corporation plans to occupy 152,000 square feet in the former Northwest Airlines' maintenance facility in Duluth.
A new report from the Metropolitan Council predicts that the Twin Cities population will increase by 31 percent during the next three decades, while the area's "gross metro product" is expected to reach $400 billion.
Duluth-based Cirrus Aircraft said it has the necessary funding to develop the first single-engine jet on the market-a project that it started in 2008.
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Duluth-based Cirrus Aircraft said it has the necessary funding to develop the first single-engine jet on the market-a project that it started in 2008.
The bill, which was unanimously approved by both the House and the Senate, would allow employers in the private sector to express a hiring preference for all veterans and for the spouses of veterans who have died or who have a service-related disability.
A public beta version of Sophia launched in March 2011, and the teaching and learning website is now used by individuals from more than 170 countries who collectively represent 5,000 schools and universities.
Best Buy will close six big-box stores in Minnesota this year as the company undergoes a significant restructuring. Best Buy has also begun its search for a permanent CEO-a process that it expects will take between six and nine months.
A local advocacy group released a report stating that four large banks, including U.S. Bank and Wells Fargo, are charging people interest rates as high as 365 percent.
The majority owners and operators of Provalliance will buy Regis' interest for 80 million euros, which translates to roughly $105 million; interim Chief Operating Officer Eric Bakken said that divesting Provalliance is "part of our ongoing evaluation of non-core assets."
By consolidating some of its European offices and relocating its Texas distribution operations to the Twin Cities, the company expects to reduce annual operating expenses by up to $2.8 million beginning in 2013.
A division of the Council of Better Business Bureaus has determined that some of Tennant's claims about its ec-H2O technology are not supported by evidence; meanwhile, a Danish competitor has violated the council's policies by using the council's findings about Tennant to promote itself.
Representative Morrie Lanning, the sponsor of the House stadium bill that would use public money to fund a new $975 million Vikings stadium, said after the vote that "somebody will have to pull a rabbit out of a hat for this thing to stay alive."
The 2012 Pulitzer in music went to Silent Night, which was commissioned by the Minnesota Opera and premiered last November at the Ordway Center in St. Paul-and this year's Pulitzer in poetry was awarded to Life on Mars, written by New Yorker Tracy K. Smith and published by Minneapolis-based Graywolf Press.
Stratasys and Israel-based Objet, Ltd., said that their merger will grow their customer base and research and development capabilities.
Minneapolis Mayor R.T. Rybak's annual State of the City address focused on initiatives aimed at bolstering North Minneapolis, including plans to bring a new work force center to the neighborhood.
The acquisition of Prudential Connecticut Realty marks HomeServices of America's entry into the northeastern region of the country and is part of a national expansion.
In a companywide message, G. Mike Mikan said that the work being performed to address the company's challenges "absolutely must continue" and assured workers that he and other senior leaders are creating a blueprint for growth.
The Minnesota Credit Union Network is distributing cash prizes and gift cards to those with the best stories about banking anxiety and frustrations and/or ways in which credit unions have come to their rescue.
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