Company news

August 29, 2008 at 12:30AM

DEBT AND EQUITIES Donaldson Co. Inc., Bloomington, will be host of an analyst meeting at the New York Stock Exchange Sept. 4. After the meeting, a Donaldson employee will ring the closing bell at 4 p.m. Eastern time to celebrate the achievement of Donaldson's first $2 billion sales year.

MERGERS AND ACQUISITIONS 3M Co., Maplewood, has acquired Polyfoam Products Inc., Tomball, Texas, a structural adhesives company specializing in foam adhesives for tile roofing and other adhesive products for the building industry. Transaction terms were not disclosed.

NEW PRODUCTS Innovelis, Minneapolis, announced an agreement with Pleiades System Designs to distribute BudFits to retailers in Japan. BudFits snap onto Apple earbuds and then wrap over the top of the ear for a more comfortable and secure fit.

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Leila Navidi/The Minnesota Star Tribune

The FAA mandated each airline cut 4% of its traffic on Friday, with a goal of cutting 10% in a week if the government shutdown is not resolved.

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