As a result of the better-than-expected results, the company raised its full-year earnings outlook by 10 cents per share.
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Steve Meads will reportedly leave the company for Illinois-based MidCountry Bank; Kevin Powers, group president of Bremer's west region, will assume Mead's position on an interim basis.
The company, which is commercializing an environmentally friendly and extremely effective fire retardant, won a total of $40,000 in seed capital.
Lower sales are still being attributed to the expiration of first-time homebuyer tax credits at the end of June.
Larry Reynolds, the third Tom Petters co-conspirator to be sentenced this month, received 10 years and 10 months in prison after pleading guilty to money laundering conspiracy.
Shoppers Food & Pharmacy, a Supervalu subsidiary, and two of its former executives have been accused of bribing Maryland state Senator Ulysses Currie.
Nurses from St. Luke's Hospital and the SMDC Health System ratified a contract settlement last week-and a planned one-day strike has been called off.
The manufacturing giant says that French dairy company Sodima-which wants to terminate a longtime licensing agreement between the two companies-isn't permitted to do so under the current circumstances.
Less than a month after Children's Hospitals and Clinics of Minnesota said that it intends to cut between 200 and 250 jobs, North Memorial Medical Center said that it will eliminate about 200 positions in the coming months.
The plan, approved Friday by U.S. District Court Judge Robert J. Kressel, provides for cash payments to certain creditors, as well as a distribution of equity in the reorganized company to other creditors.
Heather Kelley, who will replace Archway CFO Brian Burke, will be responsible for the leadership and coordination of Archway's analytics, business planning, accounting, budgeting, and human resources efforts.
The investment, made during the first half of 2010, is part of an overall capital investment of close to $50 million that the company made to improve and expand its wireless and wireline networks across the state.
Children's will use the funds to develop a training program to improve access to pediatric palliative care for children with advanced cancer and other life-threatening conditions.
Financial terms of the sale were not disclosed.
Lenox MacLaren Surgical Corporation accuses the Fridley manufacturer of strategically pushing it out of competition while serving as its distributor.
The board of the American Public Media Group-parent company of Minnesota Public Radio-is conducting a search for Bill Kling's successor.