Post Type of: Article

Layoffs Persist Despite Rosier Employment Data

Despite positive indicators from employment data, some of Minnesota's largest employers were forced to trim staff in 2010-and the economic downturn seems blind to industry lines. State Economist Tom Stinson

3M Embarks on $2 Billion Buying Spree

While Minnesota's public companies have made some significant acquisitions this year, the quantity, cost, and pace of 3M's deals are particularly notable. According to company spokeswoman Donna Fleming Runyon, 3M

8 MN Public Companies Bought in 2010

Eight of the state's 100 largest public companies were acquired this year-including giants PepsiAmericas, Inc., ADC Telecommunications, Inc., and EV3, Inc. The number of sales represents a significant increase in

Bloomberg Report: 3M CEO Buckley to Leave in 2011

Bloomberg reported Monday that 3M Company directors are preparing for the earlier-than-expected departure of CEO George Buckley-but a company spokeswoman said that's not the case. Citing "three people with knowledge

Medtronic CEO Hawkins to Retire in 2011

Medtronic, Inc., said Monday that its CEO since 2007 will retire next year. William A. Hawkins, who is also chairman of the Fridley-based company's board, intends to step down at

MN Telecom Company to Cease Operations in Jan.

In mid-January, thousands of consumers in Minnesota will be required to find a new telecommunications provider. Winona-based Digital Telecommunications, Inc. (DTI), will cut off its services on January 13. The

Quality Tool in St. Paul Bought by Michigan Co.

St. Paul-based Quality Tool, Inc., said Friday that it has been acquired by Demmer Investments IV, Inc.-an entity formed by the shareholders of Lansing, Michigan-based Demmer Corporation. Financial terms of

TCF Opposes New Rules Proposed by Fed. Reserve

The Federal Reserve Board on Thursday proposed new rules regarding interchange fees that merchants pay banks when customers make debit card transactions. The proposal would implement provisions in the recently