Bob Walker, who was charged in December with one count of conspiracy to commit securities fraud, now faces a total of 20 charges. Walker will plead not guilty next week, according to his attorney.
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Two entrepreneurs have reportedly transformed an old Star Tribune newspaper truck into a mobile clothing retailer.
After his retirement, Al Annexstad—who also served as CEO for 10 years—will continue to serve as a member of the company’s board of directors.
A majority of med-tech leaders surveyed for a study—which was commissioned by two local industry advocacy groups—have an unfavorable impression of their own industry, and many are looking overseas for future investments and job growth.
Almost half, or 48 percent, of those surveyed expect a revenue boost, and 40 percent expect profits to rise over the next year; meanwhile, one-third of respondents expect revenue and profits to remain flat.
Leaders of Infinite Campus, Proto Labs, Tornier, and TCF Financial Corporation were recognized as winners for the Upper Midwest region and will now compete at a national awards event.
Regis’ 80 million-euro deal to sell its stake in a European company has declined in value as the euro has weakened in comparison to the dollar.
The company said it will increase its sustainable seafood selection, make the packaging of at least 50 of its owned-brand products more sustainable, boost the percentage of employees enrolled in its company health plan who are tested for diabetes, and invest in programs that help increase U.S. reading proficiency.
Third Wave Systems, Inc., which makes manufacturing software, will use the money to develop technology designed to boost efficiency in factories.
St. Paul will ask for more than half of the $47 million that the state has set aside for economic development projects—and it faces growing competition for those dollars.
Some analysts are speculating that the two Minnesota-based companies, whose share prices have dropped dramatically, could be the targets of leveraged buyouts.
The state added government, manufacturing, and construction jobs in May while shedding jobs in the professional and business services, information, and leisure and hospitality sectors.
A company executive said that General Mills doesn’t typically take positions on ballot measures, but “this is a business issue that impacts our employees.”
The music software company said that Chief Operating Officer and Chief Financial Officer Karen VanDerBosch will assume the CEO duties on an interim basis—and the board has initiated a search for a new chief executive.
The two organizations will aim to deepen Minnesota’s economic ties with China through the new office, which opened during Governor Mark Dayton's 10-day trade mission to the country.
Steele Fitness plans to open a new fitness center above Lunds grocery store that will feature a three-season training area on the roof.
The companies have worked closely for the past four years; both focus on therapies for diseases of the central nervous system, including Parkinson’s disease, epilepsy, and Alzheimer’s disease.
The company said that it is “surprised and disappointed with the jury’s verdict,” and it is considering an appeal.