cnews091608
On the homepage
Hot Dish Politics
Out There
Fort Hood
Artcetera
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
Local company news
More from Business
DEBT AND EQUITIES
Otter Tail Corp., Fergus Falls, Minn., began a public offering of 5 million common shares. The company expects to grant the underwriters of the offering an option to buy up to an additional 750,000 shares to cover overallotments. Otter Tail intends to use the proceeds to finance construction of the Ashtabula Wind Center in Barnes County, N.D.; expansion of wind-tower manufacturing facilities in Tulsa, Okla., and West Fargo, N.D., and to fund working capital needs.
Xcel Energy, Minneapolis, closed its previously announced offering of 15 million common shares. The company has granted the underwriters a 30-day option to purchase up to 2.25 million additional shares to cover overallotments. The proceeds are expected to be used to repay commercial paper.
MERGERS AND ACQUISITIONSDairyland Healthcare Solutions, Glenwood, Minn., acquired Advanced Professional Software Inc., Waco, Texas, and changed its company name to Healthland.
U.S. Bancorp, Minneapolis, announced that its lead bank, U.S. Bank, has a definitive agreement with Zions Bank to assume leases of 49 full-service in-store banking locations in retailer Smith's Food & Drug Stores, a division of the Kroger Co. U.S. Bank will add 28 Smith's locations in Nevada and 21 in Utah.
NEW PRODUCTSMedtronic Inc., Fridley, began two new clinical trials of its Endeavor Resolute drug-coated heart stent, which was approved by the Food and Drug Administration in February. The U.S. trial will enroll 1,399 patients who will be followed for up to 5 years at up to 125 sites. The international trial will enroll up to 2,200 patients at 100 centers worldwide.
CodeWeavers, St. Paul, a developer of software products that transform Mac OS X and Linux into Windows-compatible operating systems, has extended the Google Chromium browser launch beyond Windows. CodeWeavers is releasing CrossOver Chromium for Mac and Linux, available now as a free download.
Recent Business stories
Premiere of Earth-invaders series 'V' caps a strong crop of new shows on ABC - September 15, 2008
Premiere of Earth-invaders series 'V' caps a strong crop of new shows on ABC - The strong premiere of ABC's science fiction series "V" is capping an unusually strong development season for the network. More
- Investor who lost $125 million testifies at Petters trial
- Job openings remain close to record-lows
- Witness details activities, deals with Petters
- Jacobs clears deck for Genmar bid
- Organic Valley dairy co-op will tap new markets
- Vuitton to defy economy and unpack at Galleria
- Star Tribune to cut 100 more jobs
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