Twin Cities Classifieds

  • science/ medtech
  • USSOCOM Awards Polaris Contracts to Supply ATVs           business wire
  • 10-23 MINNEAPOLIS–(BUSINESS WIRE)–Polaris Industries Inc. (NYSE:PII), the leading manufacturer of off-road vehicles, announced the company was awarded a contract by the United States Special Operations Command (USSOCOM) to provide MRZR Lightweight Tactical All Terrain Vehicles. This contract award spans up to five years, and allows SOCOM to manage their ultra-light tactical mobility needs to meet mission demands and emerging threats.
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  • Tennant 3Q profit jumps 21%          star tribune
  • 10-23 Tennant Co. said Wednesday its third-quarter earnings rose 21 percent, slightly exceeding analysts’ expectations, but it lowered its outlook for the rest of the year.
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  • Capella profit leaps 23%          star tribune
  • 10-22 Capella Education said Tuesday that third-quarter earnings per share jumped 23 percent, handily beating analysts’ forecasts.
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  • Polaris posts higher profit          reuters
  • Oct 22 (Reuters) – Polaris Industries Inc reported a higher-than-expected quarterly profit on Tuesday and raised its full-year earnings forecast, citing strong sales of its off-road vehicles and snowmobiles.
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  • SunPartner Technologies and 3M Collaborate           business wire
  • 10-22 AIX-EN-PROVENCE, France & ST. PAUL, Minn.–(BUSINESS WIRE)–Sunpartner Technologies and 3M Company announce an agreement to collaborate in product development and technical solutions, capitalizing on innovative engineered electronics materials from 3M and transparent solar cell technologies from Sunpartner Technologies. The two companies are developing a sustainable wireless transparent micro component that will charge devices while they are being used and exposed to light. This game-changing development will give consumers the ability to charge their mobile phones and tablets with just natural or artificial light — no electrical outlets needed to power.
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  • Medtronic responding to threat ?          medcity
  • 10-21 The day before 60 Minutes aired Dick Cheney’s segment with Dr. Sanjay Gupta with a clip showing his Homeland-like concern over assassination by wireless medical device, Medtronic (MDT) released a statement reiterating its dedication to maintaining the security of its devices. The timing of such a statement–right after a promotion of a former vice president saying one ofHomeland‘s most shocking plot lines could pose a real threat–seems worth noting
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  • Target’s marketing efforts are right on target           minnpost
  • 10-21 Content is king in today’s marketing world, and the local king of marketing — Target Corp. — is providing an excellent example of a content-based strategy at A Bullseye View.
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  • Oil gives Ecolab a new frontier          star tribune
  • 10-20 On one of his rare visits to St. Paul, Ecolab Energy President Steve Taylor flipped through two heavily stamped passports showing trips to Iraq, Kazakhstan, Libya, Russia and other far-flung regions of the globe.
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  • STJ device hit with safety alert          medcity
  • 10-18 St. Jude Medical (STJ) received an FDA safety alert for its Amplatzer ASO, a minimally-invasive implantable cardiac device used to treat atrial septal defect. The problem? In one to three of every 1,000 patients, “tissue; surrounding the Amplatzer ASO can break down (erode) and result in life-threatening emergencies that require immediate surgery.”
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  • UH spawns healh IT startup          tech.mn
  • 10-18 Minnesota’s $100b behemoth UnitedHeath Group has launched a new startup called Wellvize, aimed at providing the insight and accountability of a health coach at the fraction of the price.
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  • Insignia Systems Announces Addition to Board          business wire
  • 10-18 MINNEAPOLIS–(BUSINESS WIRE)–Insignia Systems, Inc. (NASDAQ:ISIG) today announced that Steven R. Zenz has been elected as a member of its Board of Directors and Chair of the Audit Committee. Mr. Zenz is a former partner of the audit and advisory firm KPMG, where he served in various capacities in his 33 years with the firm, including partner in charge of the audit group and partner in charge of the firm’s SEC and technical accounting practices in KPMG’s Minneapolis, Minnesota and Des Moines, Iowa, offices as well as lead audit partner for many publicly-held company clients. Since 2011, Mr. Zenz has acted as a consultant on several merger and acquisition transactions providing advice on valuations, SEC filings, technical accounting and integration.
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  • Select Comfort stock plunges          mspbj
  • 10-17 Select Comfort Corp.’s stock plunged more than 21 percent Thursday after the mattress maker reported weaker-than-expected third-quarter earnings and reduced its full-year outlook late Wednesday.
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  • UH 3rd-qtr profit edges up 1%          pioneer press
  • 10-17 UnitedHealth Group Inc.’s third-quarter earnings inched up 1 percent in a rare performance that failed to trump Wall Street expectations.
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  • Supervalu returns to profit          pioneer press
  • 10-17 Supervalu returned to a profit in its fiscal second quarter after posting a loss in the same period a year ago due to a large charge.
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  • Target teams up with Goodguide          triplepundit
  • 10-16 In a sea of confusing – and often misleading – product labels, it can be tough for consumers to choose healthy, sustainable products that are good for both the planet and their families. Since 2007, the makers of the increasingly popular Web and mobile app GoodGuide have been quietly compiling a massive database of consumer products with ratings based on health, environmental impact and society to help shoppers do just that.
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  • St. Jude profit rises 8 percent          star tribune
  • 10-16 St. Jude Medical Inc. said its third quarter net profit rose 8 percent adjusted for one-time costs amid a modest sales increase as the company continued to adjust its product strategy.
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  • Best Buy shares top $40          star tribune
  • 10-16 Best Buy Co. Inc. shares moved to a new level Tuesday, nudging above $40 for the first time in nearly three years.
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  • 3M Invests in TaKaDu          business wire
  • 10-16 ST. PAUL, Minn. & YEHUD, Israel–(BUSINESS WIRE)–Today, 3M New Ventures (3M’s corporate venture organization) announced an equity investment in TaKaDu, a leading provider of advanced analytics services to monitor water networks. The cloud-based solution offered by TaKaDu takes available raw network data and uses sophisticated analytics to detect and predict network issues, improve incidence response times and monitor and mitigate operational issues in the water grid. The terms of the transaction were not disclosed.
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  • 3M and tenKsolar Celebrate 200+ Installations           business wire
  • 10-15 ST. PAUL, Minn.–(BUSINESS WIRE)–After more than two years of collaboration, 3M Renewable Energy and tenKsolar are celebrating a number of milestones in increasing energy generation from commercial rooftop photovoltaic (PV) arrays. In 2011, the two companies first combined the tenKsolar RAIS® commercial solar array with 3M™ Cool Mirror Film 330. This system is able to generate up to 45 percent more annual energy per square foot of rooftop than a typical installation with a conventional solar array, while at the same time reducing PV energy costs and providing net energy savings to buildings by reducing rooftop temperatures.
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  • 3M Introduces Easy-On Privacy Filters for iPads          business wire
  • 10-15 ST. PAUL, Minn.–(BUSINESS WIRE)–With the growing prevalence of tablets used in the enterprise by the mobile workforce, the need for mobile data protection and “on-the-go” visual privacy has multiplied. Mobile employees are finding themselves in situations where they need to protect confidential company information while working in public spaces, but still require the ability to share content when collaborating with colleagues. Recognizing this essential need for worker flexibility, 3M introduces new Easy-On Privacy Filters for iPads®, allowing users to stay private when needed and share content when wanted.
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  • Repeal of device tax not included          medcity
  • 10-14 Bloomberg healthcare reporter Sasha Damouni has tweeted an aide told the magazine the medical device tax repeal is not included in the budget deal. Despite the intensive efforts of the medical device industry to repeal the 2.3 percent tax on revenue that represents $30 billion in Obamacare funding as part of the debt ceiling deal, if this source is correct, it looks like bleak days for a repeal but (yay!) potentially an end to the shutdown in sight.
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  • UHG’s Boudreaux is powerful          twin cities business
  • 10-13 Fortune magazine named Minnetonka-based UnitedHealth Group’s Gail Boudreaux to its list of the most prominent businesswomen in the United States; meanwhile, several leaders of companies with a major Minnesota presence also made the cut.
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  • Target trains on showrooming          star tribune
  • 10-13 As a Target “beauty; concierge,” young Chelsea Mathison prowls the cosmetic aisles at the retailer’s Nicollet Mall store, sweetly asking shoppers if they need beauty tips and recommendations
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  • St. Jude Medical Announces Acquisition of Nanostim           business wire
  • 10-14 ST. PAUL, Minn.–(BUSINESS WIRE)–St. Jude Medical, Inc. (NYSE:STJ), a global medical device company, today announced the completion of its acquisition of Nanostim, Inc., a privately-owned developer of miniaturized, leadless pacemakers. The acquisition adds the world’s first and only leadless pacemaker to the St. Jude Medical product portfolio and culminates a two-year partnership between the two companies during which St. Jude Medical invested in and collaborated with Nanostim throughout its product development and commercialization initiatives.
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  • Target’s archivists cut in layoffs          mspbj
  • 10-11 Target Corp. employees in charge of chronicling the retailer’s storied past were among those eliminated in this week’s layoffs.
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  • BB has best-performing stock          star tribune
  • 10-10 Best Buy’s 7.6 percent increase in share price Thursday helps it overtake Netflix as best performing stock in the S&P; 500 index this year.
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  • Target: Digital emphasis drove job cuts          twin cities business
  • 10-10 As Target makes digital efforts a top priority, 150 jobs have fallen by the wayside.
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  • St. Jude Medical CEO is critical          mspbj
  • 10-10 The med-tech industry should focus on innovation and avoid turning devices into commodities, St. Jude Medical CEO Dan Starks said at the Minnesota Venture Finance Conference Thursday.
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  • Target lays off 150 at corporate          star tribune
  • 10-9 The cut amounts to 1% of its corporate staff, as Target and other retailers have said they aren’t as optimistic about the rest of the year.
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  • New hope for IBM Rochester          rochestor post bulletin
  • 10-9 IBM’s new entries into the fast-growing cloud computing market offer some much-needed good news for its Rochester campus.
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  • Cargill reports first-quarter fiscal 2014 earnings          pr newswire
  • MINNEAPOLIS, Oct. 9, 2013 /PRNewswire/ — Cargill today reported net earnings of $571 million in the fiscal 2014 first quarter, down 41 percent from last year’s record quarter of $975 million. First-quarter revenues of $33.8 billion matched the year-ago period.
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  • Samsung not buying BB stake          mspbj
  • 10-7 Samsung on Sunday shot down rumors that its executives were talking with Best Buy Co. Inc., about a possible equity investment. It did not, however, deny that executives were talking about something.
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  • HickoryTech is now Enventis          daily finance
  • 10-7 MANKATO, Minn.–(BUSINESS WIRE)– HickoryTech (NAS: HTCO) today announced it has changed its brand to Enventis across the company’s service area. The company will also seek shareholder approval to change its corporate name to Enventis at its shareholder meeting in May 2014.
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  • Medtronic rejected by U.S. high court           pioneer press
  • 10-7 The U.S. Supreme Court left intact a patent ruling that may cost a Medtronic Inc. unit more than $200 million in its clash with Edwards Lifesciences Corp. over devices that repair aortic valves without open-heart surgery.
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  • Digital River Expands Relationship with PayPal           business wire
  • 10-7 MINNEAPOLIS–(BUSINESS WIRE)–Digital River, Inc. (NASDAQ: DRIV) expanded its relationship with PayPal, a company that provides a faster, safer way to pay and get paid online. In addition to being certified as a PayPal provider, Digital River has added PayPal Express Checkout and Bill Me Later to its existing PayPal portfolio. The new payments represent the first in a series of PayPal options that Digital River will make available to its commerce customers. These options enhance Digital River’s current payment offering, which today supports more than 40 international and local payment options in more than 170 currencies.
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  • Samsung not buying BB stake          mspbj
  • 10-7 Samsung on Sunday shot down rumors that its executives were talking with Best Buy Co. Inc., about a possible equity investment. It did not, however, deny that executives were talking about something.
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  • Shutdown could delay Medtronic          mspbj
  • 10-4 The federal government shutdown will likely delay regulatory approvals of medical devices, including two Medtronic Inc. products that treat heart problems, a market research firm said Friday.
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  • Mayo reaches union agreement          mpr
  • 10-4 ROCHESTER, Minn. — Union nurses and management at the Mayo Clinic Health System hospital in Mankato have agreed on a new three-year contract.
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  • Target enters prepaid phone biz          twin cities business
  • 10-3 The Minneapolis-based retailer’s new mobile plan, Brightspot, uses T-Mobile’s network and provides options for prepaid plans.
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  • Cargill a cocoa superpower?          mspbj
  • 10-2 Cargill Inc. is reportedly close to buying Archer Daniels Midland’s cocoa business, a move that would make Cargill one of two dominant firms in the cocoa industry.
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  • Target in top 25 “Most; Inspiring”          twin cities business
  • 10-2 A recent consumer survey suggests that the Minneapolis-based retailer offers an enjoyable experience, gives back to the community, and has passionate employees.
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  • The Toro Company Named Finalist for Tekne Awards          business wire
  • 10/1 BLOOMINGTON, Minn.–(BUSINESS WIRE)–The Minnesota High Tech Association (MHTA) has named The Toro Company as a finalist in the agricultural technology category for the 2013 Tekne Awards, which will be held on November 6 at the Minneapolis Convention Center. The Tekne Awards honor Minnesota companies and individuals who have shown superior technology innovation and leadership.
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  • BioAmber Makes Final Payment to Cargill          pr newswire
  • MINNEAPOLIS, Oct. 1, 2013 /PRNewswire/ – BioAmber Inc. (NYSE: BIOA) announced today a payment to Cargill for achieving the final milestone in their development agreement, under which BioAmber has exclusively licensed the Cargill yeast technology for succinic acid production. Completion of this milestone signals that the succinic acid producing yeast has met performance expectations. BioAmber began work in August 2013 on a 30,000 MT plant in Sarnia, Ontario, and has engineered the facility to operate with this proprietary yeast.
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  • 3M & TPT launch Sparticl.org           pr newswire
  • ST. PAUL, Minn., Oct. 1, 2013 /PRNewswire/ — Twin Cities Public Television (TPT) and 3M today launch Sparticl.org, a new online and mobile destination offering teens the best in science, technology, engineering and math (STEM) the Web has to offer. Developed to address declining student interest in STEM, Sparticl invites teens into a community of learning, where they can contribute to the content collection as they learn from it. A completely free, online and mobile destination for STEM, Sparticl features articles, videos, games, and hands-on activities from hundreds of sites, all vetted by a team of experts who scour the Web for quality teen-appropriate content.
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  • Medtronic’s pancreas approved          pioneer press
  • 9/27 Medtronic Inc., the world’s largest maker of heart-maker devices, won U.S. regulatory approval for the first artificial pancreas that shuts itself off when a patient’s blood sugar levels get dangerously low.
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  • 3M Partners With Evernote To Turn Post-its Digital          twin cities business
  • 9/27 Consumers may now take pictures of their Post-it Notes and, using a new mobile app, transform them into digital notes that can be saved and organized on a user’s mobile device.
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  • Report: Cargill got Colombian land meant for small farmers          minnesota public radio (mpr)
  • 9/27 Thousands of acres of land in Colombia bought by agribusiness giant Cargill should have gone instead to small-scale farmers, the social justice group Oxfam America says.
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  • Medtronic gets $10M in dispute          mspbj
  • 9/26 Medtronic will receive about $10 million after settling a patent infringement lawsuit it filed against Insulet Corp., which makes medical devices that treat diabetes.
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  • Can target stand out online?          twin cities business
  • 9/26 Months after hints surfaced that Target Corporation was launching a video streaming service, the Minneapolis-based retailer said Wednesday that it is officially rolling out its new platform, called Target Ticket.
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  • Carlson Inc. appoints new CFO          twin cities business
  • 9/25 Carlson, Inc.—a Minnetonka-based hospitality company whose brands extend into the restaurant, hotel, and travel industries—announced Monday the appointment of a new CFO.
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  • TC on short list for ADM HQ          star tribune
  • 9/25 The Twin Cities reportedly is on a closely guarded shortlist of sites for a new global headquarters for agribusiness giant Archer Daniels Midland Co.
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  • Target Introduces Target Ticket           business wire
  • 9/25 MINNEAPOLIS–(BUSINESS WIRE)–Today Target®Corp. (NYSE:TGT) announced that Target Ticket, its new digital video service, is available to guests nationwide. The convenient service, ideal for families with children, gives guests an easy way to access and enjoy their favorite titles on their preferred digital channels and devices anytime, anywhere.
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  • Ecolab Foundation Awards $912,000 to Teachers          business wire
  • 9/25 ST. PAUL, Minn.–(BUSINESS WIRE)–In keeping with its tradition of supporting community schools, Ecolab Inc. has awarded $912,000 in grants to K-12 teachers through the Ecolab Foundation’s 2013 Visions for Learning grant program, a 22 percent increase from 2012’s $710,000 in grants to teachers. More than 280 schools and thousands of students nationwide benefited from this year’s Visions for Learning program, including the distribution of $200,000 in grants to educators in the St. Paul, Minn., area, the home of Ecolab’s world headquarters.
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  • CHS commits $3 million to make agriculture safer          pr newswire
  • MINNEAPOLIS, Sept. 25. 2013 /PRNewswire/ — CHS Inc., (NASDAQ: CHSCP) the nation’s leading farmer-owned cooperative and a global energy, grains and foods company, announced today it has committed $3 million to a national agriculture safety initiative intended to keep next generations safe as they strive to feed a growing world.
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  • Weak Q3 sales for Target?          mspbj
  • 9/24 More bad news on the retail front points to weak consumer spending heading into the holiday shopping season.
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  • Target monitors worker protests          minnesota public radio (mpr)
  • 9/24 Target and other retailers are keeping an eye on violent protests by garment factory workers in Bangladesh who are demanding higher wages.
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  • Medtronic settles wage suit          star tribune
  • 9/23 Medtronic Inc. will pay $290,000 to settle a wage discrimination lawsuit that accused the company of paying 78 Hispanic workers in Massachusetts less than their white counterparts for five years, the U.S. Department of Labor said Monday.
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  • 3M turning leaves into sponges          star tribune
  • 9/21 An agave plant might conjure images of happy hour with margaritas or a cup of tea sweetened by agave nectar. Researchers at 3M had something different in mind.
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  • Slate: Best Buy is awful          city pages
  • The news has been pretty good for Best Buy since Hubert Joly took over as CEO last year. Though the company is still laying off people, its stock has been one of the best performing on the S&P; 500 so far this year, and Time recently proclaimed the company “back; from the dead.”
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  • CHS Inc. prices public offering of preferred stock          pr newswire
  • 9/20 ST. PAUL, Minn., Sept. 20, 2013 /PRNewswire/ — CHS Inc. (NASDAQ: CHSCP) today announced the pricing of 10,000,000 shares of Class B Cumulative Redeemable Preferred Stock, Series 1 with a dividend rate of 7.875% per annum and a liquidation preference of $25.00 per share. Pricing took place Sept. 19, 2013. The underwriters have been granted a 30-day option to purchase up to 1,500,000 additional shares of the Class B Preferred Stock at the public offering price, less the underwriting discount, to cover over allotments, if any.
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  • Don’t bet against cereal          star tribune
  • 9/19 The cereal business has not gone soggy, General Mills maintains, and for the first time in more than a year the company posted results Wednesday to back up that claim.
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  • Cargill to build Russian plant          rueters
  • 9/19 (Reuters) – Agribusiness Cargill Inc CARG.UL said on Thursday it plans to open a $200 million sunflower oil crushing plant in southern Russia in time for the 2015 harvest.
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  • General Mills 1Q sales rise          pioneer press
  • 9/18 General Mills gave some insight on that marketing challenge Wednesday, telling analysts how it has tried to refresh venerable brands like Chex, Wheaties, Cheerios and Lucky Charms.
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  • Best Buy rebrands rewards program          pioneer press
  • 9/18 Best Buy is changing its Reward Zone loyalty program, starting with a new name: My Best Buy.
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  • Target insider sells stock          mspbj
  • 9/18 Target Corp. merchandising executive Kathryn Tesija recently sold more than $13 million in company stock.
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  • Target And Peter Pilotto Announce Collaboration          business wire
  • 9/16 MINNEAPOLIS–(BUSINESS WIRE)–Target Corporation (NYSE:TGT) and PETER PILOTTO today announced their forthcoming spring collaboration at the designers’ runway show at London Fashion Week. Available Feb. 9, 2014, at most Target stores in the U.S. and Canada, as well as Target.com, PETER PILOTTO for Target will feature women’s apparel, accessories and swimwear, with most items less than $60. Additionally, the Minneapolis-based retailer is partnering with NET-A-PORTER.COM, the world’s premier online luxury retailer, to reach an international audience and offer global fans of PETER PILOTTO a curated assortment of the limited-edition Target collection.
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  • Medtronic opens $10M facility          mspbj
  • 9/17 Medtronic Inc. opened a $10 million brainstorming center Monday in Galway, Ireland, where doctors will collaborate and test cardiac devices.
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  • Mosaic lowers forecast          star tribune
  • 9/17 Mosaic Co. lowered its third-quarter production and profitability forecasts Monday, pointing to fertilizer markets weakened by the recent collapse of a Russian potash marketing cartel.
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  • About Target Ticket          star tribune
  • 9/15 What: TargetTicket.com, video service making content, including 30,000 movie and TV titles, available for purchase, download or streaming. Available on PCs, Macs, Xbox 360, Android and iOS, Roku, Samsung TVs, Blu-ray players
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  • Polaris wins ATV contract          star tribune
  • 9/13 Polaris Industries Inc. has long made military all-terrain vehicles for U.S. forces, but it’s expanding its reach overseas.
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  • Should target do showrooming?          twin cities business
  • 9/12 “Showrooming;” has become a common retail-industry buzzword, one that typically spells gloom and doom for brick-and-mortar retailers. So why is an executive at Minneapolis-based Target Corporation heralding showrooming—the practice of shoppers browsing products in a store just to later purchase them online—as “the; greatest opportunity for retailers”? And is such optimism merited?
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  • Profit slowed under Cargill CEO          mspbj
  • 9/12 Cargill Inc. remains the largest revenue-generating company in Minnesota after six years with Gregory Page as chief executive. But profits were bumpy during his tenure, which included the Great Recession and the 2011 formal split between Cargill and Mosaic Co., the fertilizer company in which Cargill once owned a majority stake.
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  • Rimage Amends and Extends Shareholder Rights Plan          business wire
  • 9/12 MINNEAPOLIS–(BUSINESS WIRE)–Rimage Corporation (NASDAQ: RIMG), the leader in secure multimedia content management and delivery solutions, today announced that its Board of Directors has unanimously approved an amendment and extension of its Rights Agreement, dated September 17, 2003.
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  • Ecolab Recognized for Climate Change Performance          business wire
  • 9/12 ST. PAUL, Minn.–(BUSINESS WIRE)–Ecolab (ECL) has been named to the 2013 CDP Global 500 Climate Performance Leadership Index (CPLI) and CDP Global 500 Climate Disclosure Leadership Index (CDLI), two leading environmental indices announced today with release of the CDP Global 500 Climate Change Report 2013. CDP is the only global environmental disclosure system, and the report tracks how the world’s largest public companies are responding to a changing climate.
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  • Cargill Board of Directors elects MacLennan CEO          pr newswire
  • MINNEAPOLIS, Sept. 11, 2013 /PRNewswire/ — Cargill today announced that its board of directors has elected David W. MacLennan, currently Cargill’s president and chief operating officer, as the corporation’s next chief executive officer effective Dec. 1, 2013, succeeding Gregory R. Page, 62, who will serve as executive chairman. MacLennan, 54, will retain the title of president and continue as a director of the company. The transition is the result of the company’s ongoing succession planning with the board.
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  • C&B; narrows 2Q loss          pioneer press
  • 9/10 After seasons of hardship and belt-tightening, women’s clothier Christopher & Banks is finally talking about growth. The Plymouth-based retailer has rebounded from its near-death experience in 2011 and 2012, when its stock price neared an anemic $1 a share, weak stores were being shuttered by the score and vulture funds were circling overhead.
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  • Mayo moves ahead in stem-cell          rochestor post bulletin
  • 9/10 Researchers at Mayo Clinic in Rochester are looking for new ways to repair a heart that doesn’t beat properly in the days following a heart attack.
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  • Carlson’s asian expansion          twin cities business
  • 9/10 The Carlson Rezidor Hotel Group announced Monday that it is continuing its fast-paced expansion in Asia after striking seven new hotel deals in India, China, and Indonesia during its second quarter—in addition to eight hotels that are already slated to open in India by the end of the year.
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  • Christopher & Banks Corporation Reports Results           business wire
  • 9/10 MINNEAPOLIS–(BUSINESS WIRE)–Christopher & Banks Corporation (NYSE:CBK), a specialty women’s apparel retailer, today reported results for the thirteen week period ended August 3, 2013.
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  • Arctic Cat Hires Matt Malfitano as VP          business wire
  • 9/10 MINNEAPOLIS–(BUSINESS WIRE)–Arctic Cat Inc. (NASDAQ:ACAT) today announced Matt Malfitano has joined the company as vice president of North American sales, effective immediately. In this role, he is responsible for leading Arctic Cat’s sales, national accounts and dealer development efforts in the United States and Canada.
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  • 3M to Supply Enhanced Combat Helmets to Marines          business wire
  • 9/10 ST. PAUL, Minn.–(BUSINESS WIRE)–3M announced today its wholly-owned subsidiary, Ceradyne, Inc., has been issued an $80 million delivery order with the United States government to supply 77,000 Enhanced Combat Helmets and associated spare parts to the U.S. Marine Corps. This contract is an outcome of the joint procurement program led by the U.S. Marine Corps and the U.S. Army to improve head protection for Marines and Soldiers. The Enhanced Combat Helmets designed by Ceradyne, Inc. are the only helmets that have been tested and passed using Director of Operational Test and Evaluation protocols, and will be manufactured at Ceradyne’s facility in California.
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  • An unexpected early preview          star tribune
  • 9/9 Fashionistas have been anxiously awaiting the Sept. 15 debut of designer Phillip Lim’s clothing and accessories line at Target. But a few eagle-eyed shoppers spotted some of the items last week at a Target store in Duluth, Ga., promptly snapped them up and then may have posted them for sale on eBay.
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  • Minnesota’s top five companies          twin cities business
  • 9/6 The top five Minnesota companies of the past two decades, from TCB’s 20th anniversary issue.
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  • Alliant to buy Bushnell          pioneer press
  • 9/5 Alliant Techsystems Inc., one of the world’s largest ammunition makers, agreed to buy gun-accessory manufacturer Bushnell Group Holdings Inc. for $985 million in cash, a move that marks the culmination of an auction of the closely held company.
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  • 3M plans $150M R&D; center          star tribune
  • 9/5 Backhoes and ground movers leveled part of 3M’s Maplewood campus Wednesday in preparation for the new $150 million R&D; building that will replace two aging labs on the opposite side of the campus. The state-of-the-art facility should be completed by fall of 2015 and is expected to house 700 existing scientists and researchers, said 3M Chief Technology Officer Fred Palensky while showing architectural renderings of the project for the first time.
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  • Kips Bay Medical Provides Business Update           business wire
  • 9/4 MINNEAPOLIS–(BUSINESS WIRE)–Manny Villafaña, Chairman and Chief Executive Officer of Kips Bay Medical, Inc. (NASDAQ:KIPS), a medical device company focused on manufacturing and commercializing its external saphenous vein support technology, eSVS® Mesh, for use in coronary artery bypass grafting surgery (CABG), provided the following business update to Kips Bay shareholders and the financial community.
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  • Target developing video streaming service          pioneer press
  • 9/3 Minneapolis-based Target Corp. said Tuesday it is readying an online streaming movie and television service to compete with the likes of Netflix, Amazon Instant Video, Apple’s iTunes and Walmart’s Vudu. These and other such services provide feature films and TV episodes in digital form for sale and rent, which means Target would enter a crowded and competitive field.
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  • Best Buy loses price-fixing case          bloomberg
  • 9/3 Best Buy Co. (BBY:US) convinced a federal jury in San Francisco that Taiwan’s HannStar Display Co. (6116) conspired to fixed prices for flat panels used in computers and televisions while failing to prove claims against Toshiba Corp. (6502)
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  • Best Buy awarded $7M by jury          mpr
  • 9/3 Richfield-based Best Buy convinced a federal jury in San Francisco that Taiwan’s HannStar Display Co. conspired to fixed prices for flat panels used in computers and televisions while failing to prove claims against Toshiba Corp.
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  • Target plans in-store pickup          twin cities business
  • 9/3 The in-store pickup service would bring Target up to speed with some competitors, but some analysts reportedly question whether Target can implement the program in time for the holidays.
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  • General Mills Reaffirms 2014 Earnings Guidance           pr newswire
  • 8/30 MINNEAPOLIS, Sept. 3, 2013 /PRNewswire/ — In remarks today at the Barclays Back-to-school Conference in Boston, General Mills (NYSE: GIS) discussed its long-term growth prospects and reaffirmed its key financial targets for the fiscal year ending May 2014. This includes targeted fiscal 2014 adjusted diluted earnings per share of $2.87 – $2.90. General Mills also commented on the 2014 first quarter (to be reported on September 18, 2013). The company expects net sales growth in the quarter ended August 25, 2013 will include good contributions from new products and three months of incremental contribution from Yoplait Canada and Yoki in Brazil. First quarter gross margin is expected to be lower, reflecting input cost inflation and the change in business mix.
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  • MOCON Announces Results for the 2Q 2013           business wire
  • 8/30 MINNEAPOLIS–(BUSINESS WIRE)–MOCON, Inc. (NASDAQ: MOCO) today reported sales of $13.7 million for the second quarter ended June 30, 2013, an increase of 4 percent compared to $13.2 million for the same quarter in 2012. The net income for the second quarter was $802,000, or $0.14 per diluted share, compared to a net loss of $142,000 or ($0.03) per diluted share, in the second quarter of 2012. Six-month sales totaled $28.1 million, an increase of 26 percent compared to $22.4 million during the first six months of 2012. Net income and diluted earnings per share were $1.7 million and $0.29, respectively, for the first half of 2013, compared to $679,000 and $0.12 for the same period in 2012. Year-to-date amounts for 2012 included only three months of Dansensor’s results, which was acquired in April 2012.
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  • Buffalo Wild Wings to Expand to the Philippines          business wire
  • 8/28 Buffalo Wild Wings (NASDAQ: BWLD) will expand to the Philippines with the announcement today that the company has signed a development agreement with one of the country’s premier restaurant operators to open restaurants later this year. The brand, built on wings, beer and sports, previously announced international expansion plans to Canada, Mexico and the Middle East.
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  • Digital River Launches New Mobile Payment Solution          business wire
  • 8/28 MINNEAPOLIS–(BUSINESS WIRE)–Digital River, Inc. (NASDAQ: DRIV) today announced the launch of Beanstream Mobile, a suite of mobile payment solutions for iPhones®, iPads® and AndroidTM devices that provide fast and secure transactions in 140 currencies. Beanstream Mobile frees merchants by turning mobile devices into a portable card swipe, cash register and compreh
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  • Donaldson Reports Record Fourth Quarter Earnings          business wire
  • 8/27 MINNEAPOLIS–(BUSINESS WIRE)–Donaldson Company, Inc. (NYSE: DCI) announced its financial results for its fiscal 2013 fourth quarter. Summarized financial results are as follows (dollars in millions, except per share data):
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  • General Mills Announces Two Upcoming Webcasts           pr newswire
  • 8/27 MINNEAPOLIS, Aug. 26, 2013 /PRNewswire/ — General Mills, Inc. (NYSE: GIS) will be presenting at the Barclays Capital 2013 Back-To-School Consumer Conference on Tuesday, September 3, 2013, beginning at 12:45 p.m. Eastern Daylight Time. Interested investors can access this webcast and slides supporting the company’s presentation by logging onto www.generalmills.com. A replay of this presentation will be available on General Mills’ website through Tuesday, September 10, 2013. The company plans to report results for its fiscal 2014 first quarter on Wednesday, September 18, 2013. A webcast discussion of those results with investors will be held that day, beginning at 7:30 a.m. Central time (8:30 a.m. Eastern time).
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  • Regis reports small profit          star tribune
  • 8/27 Regis Corp. on Tuesday reported a small profit of $675,000 for the three months that ended in June, the last quarter of its fiscal year, as the manager of hair salons grappled with a decline in comparable sales and costs associated with updating its outlets.
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  • Medtronic’s new strategy          mspbj
  • 8/27 Medtronic Inc.’s push to expand into the hospital-efficiency and disease-management markets shows just how tough it is out there for medical-device makers, an analyst told investors.
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  • Insignia Systems, Inc. Embarks on Next Chapter           business wire
  • 8/26 MINNEAPOLIS–(BUSINESS WIRE)–Insignia Systems, Inc. (Nasdaq: ISIG) today commented on the finalization of several previously announced corporate changes. In the culmination of its CEO succession plan, the Company appointed Glen P. Dall as its President and Chief Executive Officer and also elected him as a member of the Board of Directors, effective July 17, 2013. Scott F. Drill, who previously served as the Company’s Chief Executive Officer, was appointed Senior Advisor effective July 17, 2013, and retired from the Board of Directors effective August 19, 2013. Gordon F. Stofer, who had been the Chairman of the Board of Directors, retired from the Board effective August 19, 2013. Additionally, Gary L. Vars was appointed to the Board of Directors effective August 20, 2013 and David J. Boehnen was appointed Chairman of the Board.
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  • Nice summer weather helps Toro          star tribune
  • The lack of a drought nudged Toro’s fiscal third-quarter sales up 1.2 percent, while improved efficiency measures led executives on Thursday to raise their outlook for the full year.
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  • Best Buy shares up on possible Google Glass marriage          pioneer press
  • 8/22 Best Buy shares surged 4 percent Thursday after a tech blogger said he’d heard Google was looking to rent space inside Best Buy stores to showcase its innovative Google Glass.
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  • Target takes a hit on Canada          pioneer press
  • 8/21 Target’s expansion north into Canada is hitting some bumps, with sales falling short of forecasts and clearance sales underway in just-opened stores.
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  • Boulder may replace Xcel          twin cities business
  • 8/21 Minneapolis-based Xcel has been battling the municipalization effort in Boulder, where voters passed a 2011 ballot measure allowing the city to replace Xcel with a municipal electric utility, contingent upon whether such a utility could offer similar rates and service as Xcel.
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  • Best Buy Reports Second Quarter Results          business wire
  • 8/20 MINNEAPOLIS–(BUSINESS WIRE)–Best Buy Co., Inc. (NYSE: BBY) today announced results for the second quarter (“Q2; FY14”) ended August 3, 2013, as compared to the second quarter (“Q2; FY13”) ended August 4, 2012.
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  • Ecolab Again Named to Forbes’ Innovative List           business wire
  • ST. PAUL, Minn.–(BUSINESS WIRE)–Ecolab (ECL) has been named to Forbes magazine’s 2013 list of “The; World’s Most Innovative Companies,” ranking 33rd out of 100 companies on the list that will appear in the Sept. 2 issue of Forbes. The magazine has named Ecolab to every “World’s Most Innovative Companies” list since the annual ranking began in 2011.
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  • Best Buy stock attracts          star tribune
  • 8/18 Best Buy Chief Financial Officer Sharon McCollam’s determined campaign to court new investors appears to be paying off.
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  • NASA robot’s eyes, ears? Digi International          star tribune
  • 8/16 Digi International Inc. has a new piece of business providing the eyes and ears of the world’s first walking robot astronaut. Robonaut, as NASA calls him, was sent to the International Space Station two years ago for certain maintenance tasks, such as polishing the railings and testing air circulation.
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  • Patterson Companies Completes Acquisition          pr newswire
  • 8/16 ST. PAUL, Minn.–(BUSINESS WIRE)–Patterson Companies, Inc. (Nasdaq: PDCO) today completed its acquisition of the stock of National Veterinary Services Limited (NVS), a wholly owned subsidiary of Dechra Pharmaceuticals PLC (Dechra) (DPH.L). NVS is the largest veterinary distributor in the United Kingdom providing an array of products and services, including reference laboratory offerings.
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  • Ecolab, Pentair Among “World;’s Most Innovative Companies”          twin cities business
  • 8/15 Three companies with major Minnesota footprints made Forbes’ recently published list of “The World’s Most Innovative Companies.” St. Paul-based Ecolab, Inc., ranked 33rd, up from the 31st spot in 2012. With annual sales of $11.8 billion, the company develops and markets products and services for the hospitality, foodservice, health care, and industrial markets, including cleaning and sanitizing products.
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  • Granite City Reports 11.8% 2Q Increase in Revenue           business wire
  • MINNEAPOLIS–(BUSINESS WIRE)–Granite City Food & Brewery Ltd. (OTCQB: GCFB), a casual dining restaurant group, today reported results for the second quarter ended July 2, 2013.
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  • Valspar Shares Fall On Lowered Profit Outlook          twin cities business
  • 8/13 Valspar Corporation on Tuesday reported increased third-quarter earnings and revenue, although the results fell short of Wall Street predictions, and shares of the company’s stock slid on the news…
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  • Lake Elmo pulls out of lawsuit against 3M          pioneer press
  • 8/13 Lake Elmo has withdrawn from Minnesota’s lawsuit accusing 3M Co. of damaging the environment. But the city is not eliminating itself from future litigation against 3M, which was accused by the state attorney general’s office in 2010 of allowing PFCs — perfluorochemicals — to leach into groundwater in Washington County over several decades…
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  • Xcel seeks to acquire ND wind project          mpr
  • 8/13 Xcel Energy Inc. announced Tuesday that it plans to take over a long proposed 150-megawatt electricity-generating wind farm near the Canadian border in north-central North Dakota.
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  • Donaldson selling Ultratroc          mspbj
  • 8/13 Donaldson Co. said Tuesday it is selling its Ultratroc division, which makes compressed air dryers, to IJW Anlagenbau…
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