Blackstone Group, LP-a private equity firm-has reportedly purchased about 600 shopping malls, including 13 in Minnesota, from Australia-based Centro Properties.
latest articles
Federal regulators say that the New Ulm-based co-op willfully ignored safety rules at its Blaine, Wisconsin plant; a co-op spokeswoman said that the worker who died failed to strap on a body harness designed to prevent freefall accidents.
The sale was reportedly motivated, in large part, by Cirrus' need for cash to fund the development of its first jet for the personal aircraft market.
The Golden Valley-based company submitted an offer valuing the yogurt manufacturer at $2.2 billion-the same price tag that NestlŽ cited in its bid.
Steamfitters Pipefitters Local 455 in St. Paul, which hopes to boost membership at the 90-year-old club, prevailed with its bid because of its vow to keep the club private for at least two years.
According to the Federal Reserve Bank of Minneapolis, banking conditions for the Ninth District are still historically weak, but asset quality, earnings, and liquidity improved in 2010 and will slowly continue to improve in 2011.
The retailer is expanding its demand-response energy program to about 200 more stores by the end of its 2012 fiscal year, which ends next February.
A just-released study indicates that every dollar that the state invests in the university generates $13.20 in the Minnesota economy.
George Buckley, CEO of Maplewood manufacturing giant 3M, told the Financial Times that manufacturers might shift production out of the United States because of the country's unfriendly business policies and immigration policy.
The first health clubs in the region will be in Qatar, and plans are underway to add additional locations in the Middle Eastern state and its neighboring countries.
The Rochester-based clinic saw 1,050,000 patients last year-almost double the 528,000 in 2009.
The medical device manufacturer said that its Mosaic heart valves are still going strong, 12 years after implantation.
According to recent state data, companies in the medical device and equipment, software, and biotechnology industries received more than half of the investments.
Cummins Power Generation plans to grow its employee base by an addition 200 employees in 2011 thanks to an extended agreement with the U.S. Army to produce a line of mobile power generators-which promoted the need for more jobs.
The company expects to grow its customer base in the region and is optimistic about eventually adding more jobs.
The company said that the technology can potentially be used to prevent complications during sinus surgery.