According to an Associated Press story, many former workers were unprepared for their next step after Ford ceased operations at the St. Paul plant last month.
Other
This year's 10 tales of success feature a diverse list of small businesses, including a tortilla maker, a corporate travel company, a pawn shop chain, and a music college.
The Maplewood-based company has agreed to purchase Avery Dennison's office and consumer products business and said the acquisition will expand its global presence in the industry.
The company's entrance into the Middle East is its latest in a series of international expansions; within the past year, it has opened nearly 300 clubs and now boasts 1,700 clubs worldwide.
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The company's entrance into the Middle East is its latest in a series of international expansions; within the past year, it has opened nearly 300 clubs and now boasts 1,700 clubs worldwide.
The MoneyGram Tower and the 1600 Tower in St. Louis Park, Two MarketPointe in Bloomington, and the Colonnade office tower in Golden Valley all were reportedly acquired in deals that closed last month.
To date, the company has closed on the purchase of five Cadillac Ranch restaurants in four states, paying $7.7 million; it intends to pay another $1.5 million to buy three more locations in an effort to grow into a "broader and more dynamic restaurant company."
Can David Weinstein's Rye succeed where so many other Twin Cities delicatessens have failed?
Minneapolis design agency, Knock, wins an international design award for its shoebox.
The retailer has reportedly informed an undisclosed number of customers that, due to overwhelming demand, their orders from BestBuy.com will not be filled in time for Christmas.
Bob Walker stands accused of raising $43 million from about 1,800 investors while lying to them about compensation received by company officers, misstating the capability of the company's alternative energy technologies, and falsely leading them to believe that he planned to take the company public.
The Central Corridor Funders Collaborative has awarded millions of dollars in grants to support economic development around the Central Corridor light-rail line, and it will enter 2012 with about $5 million available to invest.
The Vadnais Heights-based company expects its annual revenue will grow by about 47 percent following the acquisition.
Eden Prairie resident Robert Grogan developed a smartphone application that finds property rights, solar energy potential, and oil and gas lease statuses for entrepreneurs looking to develop new forms of energy.
Maple Grove-based Lutonix-which developed a drug-coated balloon to treat narrowed arteries-has been sold to New Jersey-based C.R. Bard.
Following the deal, the terms of which were not disclosed, Garritan will become a wholly owned subsidiary of MakeMusic.
The Minneapolis Fed predicts faster-than-average employment growth of 2.8 percent in Minnesota next year and anticipates that the state's unemployment rate will fall below 6.5 percent; meanwhile, Minnesota is expected to return to pre-recession employment levels by the first quarter of 2013.
A U.S. Bancorp unit bought credit card assets from FIA Card Services, N.A., a subsidiary of Bank of America.
The Eden Prairie-based bank reportedly accused former CEO Tim Owens of bilking the company out of nearly $15 million in personal loans, while Owens claims that the company encouraged him to borrow money to buy its shares and that he was wrongfully terminated.
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