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The Week's Top Business Stories

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From the editors of Twin Cities Business:

Proto Labs Enters 3D Printing Market With $38M Deal

FineLine Prototyping will retain its current facility in Raleigh, North Carolina, and Proto Labs will keep on the acquired firm’s leaders.

Med-Tech Firm Receives FDA Warning Over Minnetonka Plant

The FDA sent a warning letter to American Medical Systems, identifying issues related to “process validation, risk analysis, and corrective and preventive action procedures.”

$105M Biotech Facility Lands $21M In Financing

Segetis, Inc., will pay for about 70 percent of its new Iron Range plant and will receive $21.2 million in support from the Iron Range Resources & Rehabilitation Board.

3M’s Profit Climbs 7%, Just Shy Of Expectations

While the diversified manufacturer fell just short of analysts’ expectations for sales and earnings, it saw revenue gains in most areas, led by growth in its health care products.

2 Fastenal Directors, Including Chairman, Retire From Board

Chairman Bob Kierlin, who is often recognized as the visionary behind Fastenal, and Steve Slaggie are retiring from Fastenal’s board.

Next Up

court room

Teen pleads guilty in shooting death of 15-year-old girl in Columbia Heights

Damico Jamal-Tokyo High will receive a sentence in juvenile court, along with an adult prison sentence.

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Walz wants to use surplus money to send direct payments to Minnesotans

It's a renewed effort from a previous proposal from Walz and Lt. Gov. Peggy Flanagan's supplemental budget in January.

Ron Johnson

Jan. 6 committee says aide for WI senator tried to give fake elector info to Pence

The attempt was discovered through text messages in the ongoing public hearing held by the Jan. 6 select committee.

Stock U of M sign

Minnesota state colleges boosting tuition again by 3.5%

The Minnesota State system's Board of Trustee's approved the increase Wednesday.

covid

Minnesota's COVID-19 update for Friday, June 24

The next daily update will be provided Monday, June 27.

Pro choice rally

Walz, Jensen react to historic Supreme Court reversal of Roe v. Wade

After voting to overturn Roe, conservative Justice Clarence Thomas has hinted contraception and same-sex marriage protections should follow.

16362 County Rd 81, Maple Grove, Minnesota - October 2021 (4)

2-year-old killed in crash on County Road 81 in Maple Grove

The crash occurred Thursday evening on County Road 81.

police tape

BCA issues new details about St. Michael standoff, shooting

New details say a St. Cloud police officer struck the suspect with gunfire.

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92-year-old driver killed in rural Scott County crash

The crash happened around 12:30 p.m. Thursday.

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Big-time rain totals flood Highway 10 in central Minnesota

More rain and storms are expected Friday and Saturday morning.

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Charges: Driver had just left local bar before deadly Shakopee crash

Witnesses said they were unable to help the 19-year-old Eden Prairie man who died in the crash after becoming trapped.

Chet Holmgren

Thunder selects Chet Holmgren 2nd overall in NBA Draft

The Minneapolis native becomes the highest-drafted Minnesotan in NBA history.

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