3M, Tennant, and Donaldson recently lowered their earnings outlooks, citing current economic conditions.
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Kraft plans to move its Velveeta line of products and another production line out of New Ulm but boost production of processed cheese at that plant; the shifts will eliminate roughly 80 full-time equivalent hourly positions and 10 salaried positions next year.
A U.S. Senate Finance Committee report based on thousands of documents from Medtronic adds to the controversy surrounding the company’s bone-growth product Infuse, but Medtronic said that it “vigorously disagrees” with the committee’s claims.
Taylor-Wharton International, which has more than $200 million in annual revenue, is moving its corporate headquarters to Minnetonka and will relocate up to 30 jobs, with plans to hire new employees in the Twin Cities.
Amid dismal quarterly earnings, Imation also said that it will explore “strategic alternatives” for its consumer electronics brands and businesses as it increases its focus on data storage and security; an analyst said that although Imation has “the resources to be successful,” he doesn’t see such businesses as highly attractive to potential buyers.
The seasonal service, which marks Air France’s first in the Twin Cities, will include five flights a week from May 21 through June 16 and one flight daily from June 17 through September 1.
DiaMedica, which is developing drugs to treat diabetes, chose to move to the Twin Cities because of the area's strong life sciences sector, among other benefits.
The best opportunities for networking this month.
Prabal Gurung—whose creations have been worn by Michelle Obama, Kate Middleton, and Lady Gaga—has designed a limited-edition collection of women’s apparel and accessories that will hit Target shelves in February.
The company has consistently increased its employee base during the last several years and has now expanded its St. Paul office by more than 30 percent to accommodate the growth.
Minnesota Opera has already staged two of the Donizetti “Tudor Trilogy”: Roberto Devereux and Maria Stuarda. But Anna Bolena, about the second wife of Henry VIII, beats them all.
Sherman is one of the most enigmatic and important artists of our time.
The legendary singer-songwriter brings his 2012 U.S. Acoustic Tour to Minneapolis just before Halloween.
As if boomers don’t have enough to do in November, The Who are on tour performing their epic 1973 double-album, Quadrophenia, in its entirety, plus a few of their greatest hits.
CEO Inge Thulin said that the company continues to grow despite a “slow-growth economy,” although it now expects 2012 earnings to be in the range of $6.27 to $6.35 per share—down from the previously expected $6.35 to $6.50 per share.
The company plans to add 87,000 square feet to its former headquarters building in downtown Minneapolis, which is now a research and development facility.
Best Buy, U.S. Bancorp, Medtronic, and Target were in the top 100 on Newsweek’s annual “green ranking” of the 500 largest U.S. public companies.
Target, which has been seeking a buyer for almost two years, said that it will “continue to earn a substantial portion of the profits” generated by its credit card portfolio.