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.
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.
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.
Major Minnesota accounting firm LarsonAllen, LLP will merge with Milwaukee, Wisconsin-based Clifton Gunderson, LLP, the two firms announced Tuesday. The combined firm will begin operations as CliftonLarsonAllen (CLA) on January
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.
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.
Twin Cities Business' Quarterly Economic Indicator survey found that the state's employers remain optimistic, despite growing pessimism over the national economy and government.
Federal officials say a local company was duped into exporting radio frequency units to Iran, some of which were later found in explosive devices in Iraq.
Deputies in Florida reportedly found the body of Richard Carter McComb after getting a call from a man who said he was going to kill himself; McComb was arrested in June and faced six felony tax charges.
The company, which was founded in 2007 by serial entrepreneur Manny Villafa–a, has entered an agreement through which it will sell up to $20 million of its common stock.
The city's convention and visitors association is rolling out a new brand-including a logo, tagline, and revamped Web site-in an effort to attract more visitors, and in turn, create more jobs.