The company said that the sale will allow it to focus its resources on its core medical device and in-vitro diagnostic businesses-and help boost its finances.
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St. Paul-based start-up Smart Signal Technologies will market a system that can collect real-time traffic information from intersections to help controllers better mediate traffic flow.
Ninety-two percent of union members voted on a second contract offer from American Crystal Sugar Company, and 90 percent rejected it.
With the holiday shopping season right around the corner, Target reported that its year-over-year, same-store sales growth in October was almost double that experienced between October 2009 and 2010; still, the results fell short of analysts' expectations.
Richard Davis told local business leaders at the Minnesota Chamber of Commerce's annual meeting that while an economic recovery may take time, businesses should be focusing on and investing in their own operations.
Medtronic and 3M-which have each been recognized on national "best workplaces" lists in several countries-have now been honored as two of the world's best multinational workplaces.
Several hours after an activist investor won three spots on Regis' board, the company also appointed Randy Pearce as a director-expanding the board to include eight members.
Shortly after Chief Marketing Officer Michael Francis and Target.com President Steve Eastman resigned their positions, Executive Vice President and Chief Financial Officer Doug Scovanner said he'll retire in March.
Joseph Traxler of Centennial Mortgage and Funding, Inc., admitted that he used funds intended for mortgage loans to cover Centennial's operating losses and to fund its payroll and other expenses.
The prominent white-collar crime investigator who spent more than a decade with the U.S. Attorney's office has joined UnitedHealth Group.
The merged organization will have 3,600 employees-including more than 500 partners-and its annual revenue will exceed $550 million, placing it among the 10 largest accounting firms in the nation.
CEO Omar Ishrak told Reuters that Medtronic executives have explored whether the company's different businesses can perform better on their own; but the spine unit benefits from other Medtronic businesses, like one that makes surgical tools and navigation systems.
The Minneapolis newspaper joins a growing list of news providers that are implementing an online "paywall."
Target will keep its stores open 23 hours-until 11 p.m.-the day after Thanksgiving; a number of other retailers will also open earlier and stay open later in an attempt to attract more shoppers.
A toast to VIP beer and wine tastings.
Twin Cities Business' Quarterly Economic Indicator survey found that the state's employers remain optimistic, despite growing pessimism over the national economy and government.