The Week's Top Business Stories

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From the editors at Twin Cities Business:

Med-Tech Co. CVRx Lands $30M In Private Equity Funds

The Minneapolis-based company, which raised more than $200 million prior to the recession, said it will use the new funding to help finance clinical trials.

125-Yr.-Old Mankato Kasota Stone Ceases Operations

One of Mankato’s oldest businesses closed down after the recent recession hurt the local limestone market. Its stone products were used in the construction of University of St. Thomas buildings, the Nokomis library, and much of the surface surrounding Target Field.

CHS Earnings Plummet 38%; Meanwhile, The Co-op Named A New CFO

Unseasonable weather hurt CHS’ earnings, causing a smaller 2012 harvest and delayed planting this spring. Separately, the company announced the appointment of Timothy Skidmore as chief financial officer.

$400M “Downtown East” Project Gains Support From Wells Fargo, City Panel

A Minneapolis city committee approved the concept behind a massive development project; meanwhile, Wells Fargo publicly confirmed its interest in occupying office towers that would be constructed as part of the plan.

Ex-Workers Sue Target Over Racially Offensive Document

The company apologized for the use of an offensive document but said it was used at one distribution center and “was never part of any formal or company-wide training.” The document contained “multi-cultural tips” regarding Hispanics, including: “Not everyone wears a sombrero.”

Next Up

Miguel Sano

Twins blow lead, drop to numbing 0-7 in extra innings

Byron Buxton left the game in the ninth inning with an apparent injury.

Minnesota State Fair

There will be no state-ordered restrictions for the State Fair this year

Fair organizers could still implement their own COVID safety restrictions.

Walz-May 6 - address

Walz: Prepare for a summer 'where just the simple pleasures will be back again'

But the governor made clear vaccinations are key to getting there more quickly.

moderna vaccine covid

Drug trial shows Moderna vaccine is 96% effective in teens

The drugmaker still needs federal authorization following more studies.

raku sushi

St. Louis Park restaurant owners accused in 'sophisticated' tax fraud scheme

They're accused of underpaying sales taxes by nearly $240,000.

uss minneapolis bell

Minneapolis Parks to get historic bell, wheel back from Minnetonka HS

The bell and wheel were stolen years ago and were discovered last year at Minnetonka High School.

Kellen Mond

Coller: Draft solidifies that 2021 holds answers to Vikings' future at QB

Matthew Coller writes a weekly Vikings column for BMTN, with more of his work found at Purple Insider.

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