Company news

December 10, 2008 at 2:07AM

MERGERS AND ACQUISITIONS 3M Co., Maplewood, acquired Abrasivos S.A., a maker of coated abrasives in Peru. Terms were not disclosed.

NEW PRODUCTS Ev3 Inc., Plymouth, has Food and Drug Administration clearance to market its Evercross and NanoCross peripheral angioplasty balloon catheters. The company will begin selling the products in the United States next month.

NEW BUSINESS Juhl Wind Inc., Woodstock, Minn., has agreed with Winona County to design and build a 2-megawatt wind system near Altura, Minn. The project will cost about $3.6 million and is planned to be completed by the end of the second quarter 2009.

DEBT AND EQUITIES U.S. Bancorp, Minneapolis, declared a quarterly dividend of 42.5 cents per common share, payable Jan. 15 to shareholders of record on Dec. 31.

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Glen Stubbe/The Minnesota Star Tribune

State officials said higher premiums and diminished federal tax credits mean some people likely feel they can’t afford coverage.

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