MINNEAPOLIS ST PAUL BUSINESS JOURNAL

View Breaking Local News Headlines in Minneapolis from The Minneapolis / St Paul Business Journal. Access business resources, company profiles, business advice columns, local jobs and more.
  1. Cargill Philanthropies CEO Christine Morse retiring

    Christine Morse, CEO and chair of Margaret A. Cargill Philanthropies, will step down from the role at the end of the month, ending 20 years of leading the Minnesota organization. Margaret A. Cargill Philanthropies is an umbrella grant maker for nonprofits such as the Anne Ray Foundation and the Margaret A. Cargill Foundation. According to a news release, Morse will remain CEO Emeritus until she formally retires in January 2018. During her time as CEO, the organization has grown from a $9 million…
  2. Eagan seeks buyers for two fire stations (and officials already know what you'll ask)

    The city of Eagan is shopping two former fire stations to developers. The Pioneer Press reports on the effort to sell the station at 3940 Rahn Road, which was the city's first-ever fire station, and a second building at 4701 Galaxie Ave. Fire Chief Mike Scott said there's been some interest already. One of the first questions is usually about the fire poles, but there aren't any as both buildings are single-level. The stations have been out of use since 2009, when Eagan consolidated the number…
  3. What holds the sport of log-rolling back? The logs, a champion says

    The Wall Street Journal's "What's Your Workout?" column regularly profiles out-of-the-ordinary athletes who excel at sports like rodeo, spikeboarding and target spear-throwing, and you shouldn't roll your eyes at any of those because it just did a decidedly Minnesotan sport. The latest entry is about Jenny Atkinson, a Stillwater teacher and three-time champion log-roller, who at 44 is twice the age of most of her rivals. She trains much of the summer, both on regular logs and an water-filled plastic…
  4. Bell International Laboratories will expand again in Eagan, keep hiring

    Contract manufacturer Bell International Laboratories plans to add another 100,000 square feet to the facility it moved into last year. The Star Tribune reports on the new expansion for Bell, which makes products for nutrition, cosmetics and hair-care companies and expects to post $50 million in revenue this year, up from $35 million in 2016. CEO Mo Saremi is shooting for $75 million in 2018 and says the company will employ about 300 people by year-end. Saremi, an Iranian-born chemist who attended…
  5. General Mills unveils Oui, French yogurt counterpunch to Greek rivals

    General Mills Inc., which for years has struggled against Greek-style yogurt rivals, thinks it finally has a product that will win back consumers: Oui, a thicker French-style yogurt that's made and sold in small glass jars. Golden Valley-based General Mills (NYSE: GIS) announced the launch of Oui by Yoplait Monday morning, touting the new line's simple ingredients and French heritage (it's based on Yoplait’s Saveur d’Autrefois, which has been sold for years in France). The most obvious wrinkle…
  6. Supervalu's No. 2 executive, Bruce Besanko, will leave next month

    Supervalu Inc. Chief Financial Officer and Chief Operating Officer Bruce Besanko will leave the grocery store distributor and retailer next month, the company said Monday. Eden Prairie-based Supervalu said Besanko's last day will be July 5, when he exits for an opportunity outside the company. Supervalu (NYSE: SVU) didn't say where Besanko was headed, and so far his LinkedIn page hasn't been updated. Rob Woseth, Supervalu's chief strategy officer, will take over as interim CFO, while Controller…
  7. New Tullibee Chef Bradley Day settling in, changes up menu

    A chef with an expansive cooking background that spans back to New York City, London and Australia, is now behind the food at Tullibee.
  8. Dream Homes: North Star Lofts penthouse is available for $2.45 million (photos)

    The penthouse of the North Star Lofts building in the Mill City District is on the market for $2.45 million. The penthouse, which is on the market for the first time since its original renovation in 1999, is 2,544 square feet with two bedrooms and two bathrooms. The condo has the original exposed white-washed brick of the building, which was built in 1927. The building was originally was the site of the North Star Woolen Company's textile mill, which produced wool blankets. The North Star Blankets…
  9. MDI building a $5 million manufacturing facility in Hibbing

    Minnesota Diversified Industries recently broke ground on a 35,000-square-foot manufacturing facility in Hibbing.
  10. Twin Cities biotech company Calyxt files to raise up to $50M in IPO

    The New Brighton-based business is developing technology that lets scientists essentially cut and paste genetic traits into plants.