Uroplasty appointed its interim CEO, Robert Kill, to the roles of president and CEO. Chief Financial Officer Mahedi Jiwani—who was placed on leave during an internal review—has now retired.
Workforce + Talent
TSI plans to add about 50 percent more jobs to its corporate headquarters over the next four to five years to occupy its 58,000-square-foot expansion.
About 10 percent of Wells Fargo’s recent home mortgage division job cuts took place in Minnesota, where the bank is the state’s eighth-largest employer.
Edina-based Nash Finch agreed to an all-stock merger with fellow food distributor Spartan Stores, a deal that is expected to create a $7.5 billion company.
Valley Cartage relocated its headquarters from Hudson, Wisconsin to Lake Elmo after the state offered it a $500,000 forgivable loan and the opportunity to apply for $400,000 in tax credits.
HighJump Software, a global provider of supply-chain software, acquired Denmark-based Evenex, marking its fourth acquisition since 2008.
Communications firm WCG is opening a Minneapolis office in the hopes of expanding its Midwest client base.
One of Mankato’s oldest businesses closed down after the recent recession hurt the local limestone market.
The musicians have been locked out since October 1 due to a contract dispute.
The company apologized for the use of an offensive document but said it was used at one distribution center and “was never part of any formal or company-wide training.”
Prime Therapeutics, which added 443 jobs locally in the past year, recently announced its next location for significant job growth: Irving, Texas. The Eagan-based company plans to add 200 new positions there.
The employer-shared responsibility provision in the health care reform law requires large employers to meet specific standards in order to avoid penalties. Now they have an extra year to comply.
Having already established itself as one of the top turnaround stocks of the year, Best Buy’s shares rose again on Monday after an analyst at Credit Suisse raised the company’s target price.
Minnesota schools are joining the movement to boost financial literacy across the state, focusing on education and outreach from grade school children to senior citizens.
Both Mayo and Rochester will become increasingly dependent upon those neighboring communities to provide good places for people to live and educate children.
Edina-based Moquist Thorvilson Kaufmann will become part of BDO USA, a significantly larger national firm with which it has maintained a relationship for several years.
Mark Stenglein told the Star Tribune that the job wasn’t a “good fit” for him.
The Minority Business Development Agency said its services helped create or save a record-breaking 16,730 jobs in 2012 for minority-owned businesses across the country.