Company news

January 19, 2010 at 12:52AM

New Business MoneyGram International, St. Louis Park, has expanded its money transfer services to Hungary through new super agent Corner Cash Keszpenz Zrt, which is adding the service at its currency exchange shops in 11 cities across the country.

The Red Lake Band of Ojibwe, Red Lake, Minn., is opening the Seven Clans Casino, a new casino, hotel and conference center, on Jan. 21. The Red Lake Band of Ojibwe borrowed $31 million from the Shakopee Mdewakanton Dakota Community, which runs Mystic Lake casino, to open the new facility. Proceeds from the loan will also be used to expand the law enforcement center, start a propane business to power the casino and tribal homes, and build a forestry greenhouse.

St. Jude Medical Inc., Little Canada, has received regulatory approval from the Japanese Ministry of Health, Labor and Welfare for the Genesis spinal cord stimulation system. Spinal cord stimulators are small implanted devices used for managing chronic pain of the back, arms and legs. Also known as neurostimulators, they deliver mild electrical pulses to leads placed in the epidural space to interrupt or mask the transmission of pain signals to the brain.

AbleNet, St. Paul, has formed a partnership with the British company Possum Ltd. to market and sell their product line in Environmental Control Units to the North American market.

PERSONNEL IQ Services, Minneapolis, named Russ Zilles as president and chief operations officer. Zilles joined IQ Services in 1996 and most recently served as the company's chief technology officer and vice president of operations and development. IQ Services also announced that Mike Burke has been appointed chief technology officer as part of his current business development responsibilities.

Verisae, Minneapolis, elected Marty Leestma to its board of directors. Leestma is a consultant and chairman of Forthright Solutions, a global provider of transaction processing and resolution services. He spent over 20 years with Accenture, most recently as its global managing partner for Retail and Consumer Goods & Services (CG&S) Industries.

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Paul Samuelson in his office at the Massachusetts Institute of Technology in Cambridge, Mass., in a Sept. 3, 2004 file photo. Samuelson, the first American Nobel laureate in economics and the foremost academic economist of the 20th century, died Sunday, Dec. 13, 2009, at his home in Belmont, Mass. He was 94.