From the editors of Twin Cities Business:
Minnesota’s unemployment rate dropped to 4.8 percent in October, a rate last seen in January 2008. A declining labor force participation rate, however, has contributed to the trend.
Following a recent merger, one of the state’s largest public companies has relocated to Michigan, drawn by financial incentives and a “positive business climate.”
Some of Minnesota’s largest companies have committed hundreds of thousands in dollars and services to disaster relief in the Philippines.
Multiple law firms are seeking class-action status for securities fraud lawsuits against Tile Shop, a Minnesota-based company whose stock dropped sharply on allegations of overstated earnings.
Minneapolis-based Jostens plans to acquire an Austin, Texas-based maker of commemorative products. It also named Chuck Mooty as its new CEO, effective in January.