The network, called Best Buy On, includes a Web site that tackles a new technology topic each month and a component through which content and ad messaging is broadcast on screens inside stores.
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Financial terms of the acquisition were not disclosed.
The company plans to triple the manufacturing capacity of products that use its S8 manufacturing process, which will result in an overall increase at the facility in 2011.
The acquisition-the financial terms of which were not disclosed-will strengthen the local firm's presence on the East Coast.
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The acquisition-the financial terms of which were not disclosed-will strengthen the local firm's presence on the East Coast.
The Twin Cities saw a 13 percent increase in issued permits and a 27 percent increase in planned units in 2010.
The decline in industrial employment experienced in the Twin Cities mirrors trends from around the country.
Nida-Core is the latest in a long series of recent acquisitions for 3M. The company closed 11 deals in 2010, and two remaining transactions-for the purchase of Alpha Beta and Winterthur-are expected to close in the first quarter of 2011.
Grafton, Wisconsin-based Kapco will hire 50 to 70 employees to work at the plant after it begins leasing space there on March 1; laid-off Polaris employees are being considered for the positions.
U.S. District Court Judge Michael Davis ruled that the former auto mogul must remain in jail until his sentencing later this year.
The company has entered into an agreement with the city to purchase a 31,460-square-foot building and two vacant lots in an industrial complex where it currently owns three other buildings.
The state's taconite production is nearing pre-recession levels-and a handful of new projects indicate that 2011 will mean even more production, and in turn, more taxes.
The plant is expected to provide more than 200 jobs during construction, which will begin January 10, and 47 full-time jobs in Kittson County after its completion.
Twin Cities Business' 2011 Business Information Guide contains 82 fact-filled lists-including "top 25" lists of advertising agencies, private companies, accounting firms, and businesses in many other industries.
The local company said that the acquisition will strengthen its position in the North American travel market by expanding its base of affiliated travel agencies to roughly 6,400.
After months of failed negotiations, Minnesota Attorney General Lori Swanson filed a lawsuit last week demanding that 3M pay the state for damage caused by its disposal of a certain type of chemical.
Susan Haigh, a strong housing advocate, will help Governor Dayton select additional council members.
Concept Development Partners, LLC, will purchase $9 million of Granite City's newly issued convertible preferred stock and arrange for $10 million in debt financing, which will allow Granite City to buy back 3 million shares of outstanding common stock from its majority shareholder.
A new lawsuit claims that JPMorgan ignored red flags related to Tom Petters' fraud and the company raked in millions of dollars as a result of the sale of Polaroid to Petters' company.
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