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News releases from Minneapolis / St. Paul Business Journal

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Cretex Cos. name Jeff Wollerman CEO as Lynn Schuler retires
During Schuler's tenure as CEO, which began in 2008, he oversaw the company's transition from a producer of precast concrete products to providing contract manufacturing and engineering to the medical... 
Tags Insurance Jeff Wollerman Manufacturing
From Business Journals
Wayzata's Bellecour space will be replaced with chef Daniel del Prado's Josefina
Bellecour, chef Gavin Kaysen's Wayzata bistro and bakery, will become an Italian restaurant this spring. 
Tags Food & Lifestyle Retailing & Restaurants Daniel del Prado
From Business Journals
Marathon Petroleum workers strike at St. Paul Park
Nearly 200 workers at Marathon Petroleum’s St. Paul Park oil refinery began a strike Thursday due to a contract dispute centering on the company's plan to replace union workers with subcontractors. 
Tags Human Resources Energy Career & Workplace
From Business Journals
Minneapolis tightens limits on short-term rentals
Owners of short-term rental properties in Minneapolis are pushing back against new city regulations that limit them to one property besides the one they live in, arguing that the rules hamper their... 
Tags Residential Real Estate Housing Market Sonder Inc/
From Business Journals
More water repairs needed for U.S. Bank Stadium
The Minnesota Sports Facilities Authority will pay $800,000 from a contingency fund to fix problems with moisture barriers installed at U.S. Bank Stadium. 
Tags Sporting Events Minnesota Sports Facilities Authority Construction
From Business Journals
Minnesota lost nearly 50,000 jobs in December amid Covid-19 surge
The two straight months of job losses in November and December erased gains that were made from August through October. 
Tags Steve Grove Government & Regulations Human Resources
From Business Journals
Minneapolis and St. Paul mayors share post-pandemic priorities at annual breakfast
As Minneapolis and St. Paul hope to turn the page on the pandemic, their mayors prioritize public safety, economic inclusion and housing. 
Tags Melvin Carter Government & Regulations Jacob Frey
From Business Journals
Former Medtronic CEO Omar Ishrak elected to Cargill board
"Omar's deep international experience and strength in technology and innovation helped Medtronic sustain long-term growth during his tenure as CEO. Under his leadership, Medtronic realized their... 
Tags Medtronic Cleveland Clinic GE Healthcare
From Business Journals
Minneapolis Third Precinct moves to City of Lakes building downtown — for now
The Minneapolis Police Department, which is seeking a new home for the Third Precinct after the destruction of the former Precinct during last year's riots, has found a temporary base in a city-owned... 
Tags Government & Regulations John Elder
From Business Journals
The week in bankruptcies: Tea Olive I LLC and MJA Restaurants Burnsville LLC.
This week in Minneapolis business bankruptcies include Tea Olive I LLC and MJA Restaurants Burnsville LLC. For the year, Minneapolis has recorded 2 business bankruptcy filings. 
Tags Legal Services John D/ Lamey III Professional Services
From Business Journals
Target Center operator will pay $100,000 to Minneapolis to offset Trump rally costs
Minneapolis officials have wrapped up talks with Target Center operator ASM Global over recouping costs from former President Donald Trump's 2019 rally at the downtown Minneapolis sports venue, which... 
Tags Jacob Frey Government & Regulations Sporting Venues
From Business Journals
The Big Know acquired by L.A.-based healthcare AI firm
Allison Gage, the president of Minneapolis-based The Big Know, will become mPulse Mobile's chief engagement officer as part of the merger, the companies said. 
Tickers INNO
Tags Inno Health Care Insurance
From Business Journals
Ann Kim's new restaurant, Sooki & Mimi, opens Feb. 3
Sooki & Mimi, the new restaurant from celebrated chef Ann Kim that's going into the former Lucia's space in Uptown, will make its official debut next month, and reservations open tomorrow. 
Tags Retailing & Restaurants Ann Kim Food & Lifestyle
From Business Journals
St. Louis Park-based Magenic agrees to be acquired by IT giant Cognizant
The deal is expected to close sometime in the first quarter, but it's not yet clear whether the Magenic brand will survive the merger. 
Tickers INNO
Tags Greg Frankenfield Information Technology Technology
From Business Journals
Operator of Cargo Food Authority and Bus Stop Burgers & Brewhouse files for bankruptcy
The operator of Cargo Food Authority, a shipyard-themed dining concept located in Target Center, and Bus Stop Burgers & Brewhouse, which was in the Wells Fargo complex adjacent to U.S. Bank Stadium,... 
Tags Restaurants Legal Services Coronavirus
From Business Journals
C.H. Robinson launching consumer-produce brand for grocery market
The company has also updated its logo and unveiled new packaging for fruits and vegetables that reflect the new brand. 
Tags C/H/ Robinson Worldwide, Inc/ Food & Lifestyle C/H/ Robinson Worldwide Inc/
From Business Journals
Proto Labs buying 3D Hubs, a Dutch online parts manufacturer, for $280M
3D Hubs was founded in 2013 and has facilitated the production of more than 6 million custom parts and products through its digital platform. 
Tags Bram de Zwart Manufacturing Proto Labs, Inc/
From Business Journals
Amphenol selling MTS simulation business to Illinois Tool Works
Amphenol Corp., the company that last month announced a deal to buy MTS Systems Corp. for $1.7 million in cash and debt, plans to sell off a big chunk of the Eden Prairie-based sensor manufacturer... 
Tags MTS Systems Corporation Amphenol Corporation Mergers and Acquisitions
From Business Journals
Kohl's, Bed Bath & Beyond drop MyPillow; Dominion Voting threatens to sue Mike Lindell
MyPillow CEO Mike Lindell, a longtime supporter of President Donald Trump who has, without evidence, pushed conspiracy theories about voter fraud in the 2020 election, says that major retailers are... 
Tags Sidney Powell Retailing Politics
From Business Journals
Sioux Chef owners hope to open Owamni restaurant at Minneapolis riverside by summer
Owamni by the Sioux Chef, the Indigenous-foods restaurant that's part of a riverside overhaul near the Stone Arch Bridge in Minneapolis, could be open by summer. 
Tags Restaurants Food & Lifestyle Sean Sherman
From Business Journals
Cargill may sell its sugar-trading business to Copersucar
Cargill, a 50% partner in the world's biggest sugar trader, is in talks to sell the stake as part of a move to refocus its business away from its history as a commodities trader. 
Tags Manufacturing Cargill Inc/ Food & Beverage Manufacturing
From Business Journals
University of Minnesota puts a hold on some new Ph.D. students
The University of Minnesota won't admit new students into several liberal arts doctoral programs this fall in a move aimed at saving money as the school copes with the lingering financial effects of... 
Tags Colleges & Universities University of Minnesota Education
From Business Journals
Medical device firm NeuroOne plots path to the Nasdaq with $12.5M private placement
It will spend the money on launching a second commercial product and potentially uplisting its stock from over-the-counter to the Nasdaq. 
Tags Dave Rosa Insurance Zimmer Biomet Holdings, Inc/
From Business Journals
Minnesota senator wants to Legislature to legalize sports betting
Want to bet in Minnesota on the Twins getting swept in the playoffs again? A state senator wants to make that wager legal. 
Tags Karla Bigham Tim Walz Pat Garofalo
From Business Journals
3M, Honeywell get antitrust shield to coordinate N95 production
3M Co. is working with Honeywell International Inc. and other competitors to coordinate the production and distribution of N95 masks, which remain in short supply at many hospitals. It's the sort of... 
Tags Health Care Insurance W/W/ Grainger, Inc/
From Business Journals
Minnesota State Fair hopes for 2021 revival after 'brutal' financial loss to Covid-19
After cancelling the Minnesota State Fair in 2020 due to the Covid-19 pandemic, officials are hopeful to bring the annual event — one of the state's biggest — back this summer. But there are no... 
Tags Travel Jerry Hammer Coronavirus
From Business Journals
MSPBJ launches nominations for 6th annual Most Admired CEOs awards
We will have online nominations open for the 2021 awards until 11 p.m. Friday, March 12. 
Tags Career & Workplace Kim Johnson Awards
From Business Journals
When I work names Greg Wallace its first-ever CFO
Wallace served as When I Work's vice president of finance since 2015. Before that, he was a senior finance manager with Code42 and worked for over eight years for supply-chain management tech firm... 
Tickers INNO
Tags Startups Inno When I Work Inc/
From Business Journals
MDI CEO Peter McDermott announces retirement, successor is appointed
During McDermott's tenure, MDI has grown from $11 million in sales and 123 employees to $33 million in sales and 562 employees. 
Tags Peter McDermott Univar Inc/ Eric Black
From Business Journals
Christopher & Banks files for bankruptcy, could close all stores
Christopher & Banks is also negotiating with buyers to sell its eCommerce platform. 
Tags Retailing Apparel & Textiles Keri Jones
From Business Journals
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