cnews072608
On the homepage
Outreach
Out There
Jobs
Access Vikings
Company news
Print this story
E-mail this story
Save to del.icio.us
Share on Facebook
Share on Digg
Minnesota business by the numbers
See Minnesota's top earning companies, CEOs and non-profits
More from Business
DEBT AND EQUITIES
ADC Telecommunications, Eden Prairie, will change its fiscal year-end from Oct. 31 to Sept. 30. The change is scheduled for the company's 2009 fiscal year, to begin Nov. 1 and end Sept. 30, 2009, and is being made to better align ADC's financial reporting periods with those of the company's telecommunications industry peers.
Hormel Foods Corp., Austin, Minn., broke ground on a new production facility in Dubuque, Iowa. Progressive Packaging will be operated as a wholly owned subsidiary of Hormel Foods. Total cost of the project is estimated at $89 million.
DIVIDENDDonaldson Co. Inc., Bloomington, declared a regular cash dividend of 11 cents per share, payable Sept. 12 to shareholders of record Aug. 22.
NEW BUSINESSDigital River Inc., Eden Prairie, has signed an e-commerce agreement with Shure Inc., a manufacturer of microphones, earphones and audio electronics.
PERSONNELADC Telecommunications, Eden Prairie, said the company's non-executive chairman, John (Gus) Blanchard III, will retire from the board of directors at the end of his term. The board appointed President and Chief Executive Robert Switz to the additional role of chairman effective Aug. 1.
Navarre Corp., New Hope, nominated Kathleen Iverson to be a director. Shareholders will elect directors at Navarre's next annual meeting, Sept. 11.
PepsiAmericas Inc., Minneapolis, elected Wahid Hamid a director. Hamid is senior vice president of corporate strategy for PepsiCo.
Recent Business stories
FDA finds steel, rubber, other substances in Genzyme biotech drugs, dangerous for patients - July 25, 2008
FDA finds steel, rubber, other substances in Genzyme biotech drugs, dangerous for patients - Federal health regulators have found tiny particles of trash in drugs made by Genzyme, the second time this year the biotechnology company has been cited for contamination issues. More
- Moguls tell how they were fooled
- Faith-based investors lobby against Chamber's stand
- New website is a one-stop job shop
- Red Wing Shoe to trim workforce, consolidate operations
- Case against Iranian foundation threatens mosques
- ADC buyout speculation appears to be just that
- Opry, MySpace team up for Underwood performance
Blog: Patent Pending
Meanwhile, in Wisconsin....
As you read this blog entry, angel investors and start-ups are flocking to Madison, Wisconsin for the annual Wisconsin Early Stage Symposium and the Mid West Health Care Venture forum.
Comment on this story | Be the first to comment | Hide reader comments