Mergers and Acquisitions
MTS Systems Corp., Eden Prairie, has acquired Roehrig Engineering Inc., Lexington, N.C., a maker of testing systems using electric and electromagnetic actuation technology. MTS paid about $15 million; the price could increase by $2 million if Roehrig achieves certain sales goals.
NEW BUSINESS
Medtronic Inc., Fridley, announced the launch of HealthRise, a five-year, $17 million philanthropic effort to support community-based demonstration projects designed to expand access to care and management of chronic, noncommunicable diseases such as heart disease and diabetes.
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Business
Business
Land O'Lakes is expanding flexible schedules for manufacturing employees
More manufacturers are chopping up and rotating shifts to attract and retain workers.
Business
EU military officer says a frigate has destroyed a drone launched from Yemen's Houthi-held areas
A top European Union military officer said that a frigate that's part of an EU miliary mission in the Red Sea to protect merchant shipping destroyed a drone launched from an area in Yemen controlled by Houthi rebels on Thursday morning.
Business
French air traffic controllers cancel a strike but Paris flights are still disrupted
Air passengers traveling to and from Paris experienced significant disruptions Thursday, despite a decision by air traffic controllers to cancel a strike after last-minute negotiations. Flight operations were substantially reduced because of adjustments made to schedules ahead of the proposed industrial action.
Business
Ship comes under attack off coast of Yemen as Houthi rebel campaign appears to gain new speed
A ship traveling in the Gulf of Aden came under attack Thursday, officials said, the latest assault likely carried out by Yemen's Houthi rebels over Israel's ongoing war on Hamas in the Gaza Strip.
