Aetrium recently declared a proxy vote moot because a group of dissident investors was unable to establish a quorum; the investor group is now suing the company and accusing its directors of a “gross violation of shareholder rights.”
Leadership
In addition to being named chief executive, David Gagne has joined Winland Electronics’ board of directors.
The metro area ranked third on Travel + Leisure magazine’s list of “America’s favorite cities” based on ratings of readers who are visitors to the area; it ranked 12th based on ratings of those who reside here.
Ken Cutler, who joined the firm almost 40 years ago, will serve a three-year term as managing partner; he succeeds Marianne Short, who’s leaving for UnitedHealth Group on January 1.
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Ken Cutler, who joined the firm almost 40 years ago, will serve a three-year term as managing partner; he succeeds Marianne Short, who’s leaving for UnitedHealth Group on January 1.
Blake Hastings, who most recently served as senior vice president at the Phoenix office of Cassidy Turley, will succeed the longtime leader at CBRE's Minneapolis office.
Steven Spiegel will replace Brent Moen, who has held the top financial post at Regis for less than two years.
The federal grant will enable university researchers to develop membrane technology that can speed up filtration processes in manufacturing and make them more energy efficient.
The online game is aimed at educating players about the trials faced by school children living in poverty.
A Twin Cities entrepreneur develops a new approach
to East African development.
Local home prices rose 8.8 percent between September 2011 and September 2012; among 20 major metro areas measured, only Phoenix posted a more significant year-over-year gain.
An investor group said that 88 percent of votes cast in a proxy battle favored replacing Aetrium’s board; the company says the vote was moot, because fewer than 50 percent of shareholders took part in a shareholder meeting.
Among universities that earned more than $2 million in royalties in 2009, the University of Minnesota reportedly saw the biggest drop during the subsequent two years.
A study by the Tax Foundation estimates that a Minnesota household earning $87,319 would pay an estimated $4,382 more in taxes in 2013 than they did in 2011, if Congress is unable to avert the so-called “fiscal cliff.”
A group of investors seeks to take control of Aetrium’s board; at a special meeting scheduled for later this month, the company is urging shareholders to vote against the proposed removal of its existing board.
Dorsey & Whitney Managing Partner Marianne Short is leaving the firm at the end of this year to join UnitedHealth Group as chief legal officer.
An annual study found that Twin Cities residents plan to spend $773 per household on holiday gifts this year, up from $703 last year.
Knowledge Marketing, Outsell, and SPS Commerce made Deloitte’s annual ranking, which is based on revenue growth over the past five years.
The state's unemployment rate remained unchanged at 5.8 percent last month; the professional and business services sector shed the most jobs, while other sectors, like construction, added jobs.
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