The Week's Top Business Stories - Bring Me The News

The Week's Top Business Stories


From the editors of Twin Cities Business:

Emerson Expansion To Bring 500 Jobs To Shakopee

Emerson Process Management has chosen the abandoned ADC Telecommunications building in Shakopee for the global headquarters of its Rosemount measurement technologies business. The move is expected to bring up to 500 new, highly skilled jobs to the city.

Best Buy To House Microsoft Windows Mini-Stores

Best Buy has partnered with Microsoft to install small Windows stores in select locations, which will offer Windows-based PCs, tablets, accessories, and support from a Microsoft-trained staff. The partnership builds on the Richfield-based company’s recent move to add Samsung shops in 1,400 Best Buy locations.

Local Med-Tech Firm Cuts Jobs, Transfers Others From Maine To Minnesota

IntriCon Corporation, a publicly traded medical technology firm headquartered in Arden Hills, announced restructuring plans designed to cut $3 million in annual costs. While the plan involves eliminating 35 jobs at its various facilities, the company will shift workers to Minnesota from Maine, likely offsetting the job cuts here.

Petters Associate James Fry Found Guilty On All Counts

James Fry’s case likely represents a final chapter in the Tom Petters saga. He was convicted on charges that he misled investors and lied to the U.S. Securities and Exchange Commission.

Minnesota Cup Names 2013 Semifinalists

The annual business-idea competition selected 57 semifinalists who will advance to the next round—moving them one step closer to $200,000 in prizes.

Ad Agency Fallon Loses Major Client Cadillac

General Motors pulled the Cadillac account from ad agency Fallon after nearly three years of award-winning work. In an employee memo, Fallon’s CEO said it was “an outcome we do not deserve.”

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