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Polaris lays off 110 employees in Roseau
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Polaris Industries Inc. has curtailed production of its Ranger utility vehicle at its plant in Roseau, Minn., and laid off more than 110 employees. The maker of snowmobiles, ATVs and other leisure vehicles has been battered as the economy turned to recession and discretionary spending has tapered off. Richard Edwards, Polaris' director of investor relations, said the company has gone from two shifts to one for the production of its Ranger utility vehicles in Roseau. The Medina-based company is scheduled to report its fourth-quarter results Jan. 29.
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MoneyGram names new chairman, CEOMoneyGram International Inc. named a new chairman and chief executive Wednesday, about seven months after the ailing money-transfer company said its former leader had resigned. Pamela Patsley, the new chairman, spent seven years at First Data Corp., most recently as president of its international division. Anthony Ryan, who was appointed president and chief executive and was elected to the board, had been overseeing the company's day-to-day operations and is also chief operating officer. MoneyGram's former chairman and chief executive, Philip Milne, resigned in June from the St. Louis Park-based company.
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Lights out at U energy conference. Irony police notified.
Just as Lawrence Kazmerski, a top official at the National Renewable Energy Laboratory, was about to give the keynote address at the University of Minnesota's annual E3 conference at the RiverCentre in St. Paul, the lights went out, bathing the audience in darkness and a deep sense of irony.