Mergers and acquisitions
Qumu Corp., Edina, formerly Rimage Corp., said it has an agreement to sell its legacy Rimage disc publishing assets to Redwood Acquisition Inc. in an all-cash transaction valued at $23 million. Redwood Acquisition is a subsidiary of Equus Holdings Inc., Minneapolis, which has assembled a portfolio of IT equipment and solutions companies. The deal is expected to close by July 31.
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Business
Online retailer Shein is latest to face strict European Union digital regulations
Online fast-fashion retailer Shein must face the European Union's strictest level of digital regulations, the bloc said on Friday as it added the company to its list of big platforms that need extra scrutiny.
Business
US probes whether Tesla Autopilot recall did enough to make sure drivers pay attention
The U.S. government's auto safety agency is investigating whether last year's recall of Tesla's Autopilot driving system did enough to make sure drivers pay attention to the road.
Business
Exxon Mobil profit declines in 1st quarter as natural gas prices fall
Exxon Mobil's profit declined in its first quarter as natural gas prices fell and industry refining margins dropped.
Minneapolis
Minneapolis to set up Lake Street Community Safety Center, and wants residents' help to define it
A temporary community safety center on the immigrant business corridor, followed by a permanent one coming to 2633 Minnehaha Av., aim to reinvigorate public safety in south Minneapolis.
Business
A Turkish court sentences a Syrian woman to life in prison for a bombing in Istanbul in 2022
A court on Friday sentenced a Syrian woman to life in prison for a deadly explosion on a busy shopping district in Istanbul in 2022, Turkey's state-run news agency reported.
