The acquisition of the assets of ProStor Systems aligns with Imation's recent shift to focus on data storage technology.
Industry
Lunds said that it expects to open its new 20,000-square-foot grocery store and adjacent liquor store in downtown Minneapolis next summer.
Surly Brewing Company has hired Minneapolis-based real estate advisory firm Tegra Group-which was involved in several iconic local projects, including the Walker Art Center and Target Field-to help move forward with its $20 million "destination brewery."
The Microsoft Corporation co-founder holds 11.4 percent of Ecolab's stock.
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The Microsoft Corporation co-founder holds 11.4 percent of Ecolab's stock.
Eric Kaler now leads a school with a $3.7 billion annual budget, 67,000 students, 4,000-plus faculty members, and 15,000 other employees-and he plans to embark on efforts to make the U of M more entrepreneurial. The September cover story in Twin Cities Business asks what makes him the right man for the job.
Richard Sand, a lawyer and former White Bear Township official, was sentenced to two-and-a-half years in prison for his role in a $2 million loan fraud scheme.
Several weeks after an outbreak of salmonella-related illnesses, Cargill has gathered a panel of three experts to review its enhanced food safety programs.
Voting is now open online and at the Minnesota State Fair for the Pentair-sponsored Minnesota Idea Open, which will award $15,000 to help implement an idea for addressing the state's water issues.
The fair's 350,000 square feet of space are reportedly valued at around $200 million, for insurance purposes. The annual budget for the fair this year is reportedly $38.5 million, and gross revenue is expected to match that amount, according to a recent report.
Ben Fowke, who most recently served as president and chief operating officer, replaces Richard Kelly as chairman and CEO.
The search committee includes several local business leaders, including Bruce Beckman, finance director of General Mills; Lynn Casey, CEO of Padilla Speer Beardsley; and Reatha Clark King, former president and executive director of the General Mills Foundation.
AT&T will partner with Digi International to deliver the Minnesota company's smart grid technology, which allows consumers, businesses, and utilities to monitor energy usage and adjust their consumption accordingly.
The Richfield-based electronics retailer is reportedly ready to test a program through which customers can enter rent-to-own agreements.
The company, which previously outsourced its online operations to Amazon.com, will now assume full control over its Web site.
The iconic candy maker was sold for an undisclosed sum, and Michael Keller, former chief marketing officer for International Dairy Queen, will take over as president and CEO.
Financial terms of the deal, which is expected to close on September 1, were not disclosed-but RBA said that the combined company is expected to generate $35 million in revenue this year.
Three remodeling projects celebrate the clean lines of old buildings.
A Northfield investment and management firm enters a new field: saving historic, smaller-city hotels and inns.
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