Medtronic's investors are angry. And it looks like this time, they aren't going away without a fight. While the Minnesota-based medical device firm keeps plugging away at its proposed deal to buy Ireland-based Covidien and reap the benefits of its new home's tax code, its shareholders continue to b ... More >>
Ireland announced earlier this week that the country will get rid of a corporate loophole scheme that allows American companies to skirt billions in tax revenue. In our October 1 cover story, Chris Parker broke down the way in which Medtronic's purchase of Covidien, an Irish medical device maker, ... More >>
The Feds are trying to hold Medtronic's feet to the fire for its shady, shady tax moves (as we outlined in last week's cover story), but it appears nothing will stop the company from moving overseas to avoid paying higher taxes in the United States. The controversy stems from Medtronic's proposed ... More >>
We know the Minneapolis-St. Paul Metro area's economy is doing reasonably well. Unemployment keeps going down. Wages are up. And it isn't just following the national economy either - it's doing better. But why?. As it turns out, one reason for the boost has been Minnesota's high-tech sector, as th ... More >>
Yesterday, the Minneapolis/St. Paul Business Journal broke news that Medtronic, Minnesota's eighth-largest company, is cutting 40 local jobs. That development comes less than a month after Gov. Mark Dayton said Medtronic CEO Omark Ishrak personally assured him his company plans to create 1,000 new j ... More >>
Minnesota-based home health care management provider Univita Health is moving its headquarters in Eden Prairie to a new home in Florida. The move, which was first reported by the South Florida Business Journal, comes only a few weeks after the Fridley-based medical device giant Medtronic announcing ... More >>
Minnesota's eighth-largest company is relocating overseas. The New York Times views the move through the lens of federal tax policy and the taxes Medtronic can avoid paying by leaving America, while the company itself cites more benevolent reasons, like access to European markets.In any event, the n ... More >>
Governor Dayton characterized the news that Medronic is buying Ireland-based Covidien for $42.9 billion and moving its headquarters to Dublin as "tremendous for Minnesota," citing company executives' promise that no local jobs would be lost due to the transaction. (Read the backstory here.)But Carlt ... More >>
Today's Comment of the Day comes via misterrosewater, who points out how implausible it seems in this day and age that kids would do what the Medtronic founders did and found a company by inventing things in their folks' basement.As we reported yesterday, Republican gubernatorial candidate Marty Sei ... More >>
Former Republican House Minority Leader and failed 2010 gubernatorial candidate Marty Seifert didn't win his party's endorsement to run for governor this year, but he, along with two other candidates, plans to battle the endorsed candidate, Hennepin County commissioner Jeff Johnson, in a primary.So ... More >>
:::: UPDATE :::: Medtronic spokesperson Justin Ihle got in touch with us this morning and said his company actually has no involvement in the orgasm machine testing. Ihle said he had no idea where the New Scientist's erroneous information came from.Original post -- A remote-controlled orgasm machine ... More >>
Minnesota is the eighth best state for business, according to the 2013 version of Forbes' annual ranking. That's up from 20th last year and represents the biggest jump of any state.SEE ALSO: What economic recovery? Mpls donut shop hiring... an unpaid internForbes writes that Minnesota's jump comes " ... More >>
Over the weekend, the Twin Cities' macroeconomy made headlines thanks to new data showing it has bounced back from the recession stronger than any other Midwest metro.SEE ALSO: Minnesota's economic recovery driven by McJobs, not middle-class jobs "Measures of output for the Twin Cities benefit from ... More >>
In the wake of anti-Muslim remarks at a St. Anthony City Council meeting, three area churches have joined forces with local Muslim leaders to sponsor an interfaith gathering this Sunday.Elsa Marty, one of the event organizers, wasn't at the City Council meeting, but was "pretty appalled" by the repo ... More >>
Earlier today, we reported that General Mills is cutting 850 jobs even though the company expects a profitable 2012. Add Medtronic to the list of big businesses laying off employees despite growing profits. The company, which reported a 28-percent increase in earnings and 3 percent growth in revenu ... More >>
Station loses biggest defamation case in Minnesota history
Erin Brockovich's investigative team is looking into Fridley's elevated cancer rates.Two months ago, concerns about the cause of Fridley's elevated cancer rates motivated residents to create a "Fridley Cancer Cluster" Facebook group. More than 440 members have used the page to share anecdotes abo ... More >>
Six myths the mainstream media perpetuates
To kick off 2012, we're highlighting 12 of the best dishes under $12 in the Twin Cities. Scroll down to view the complete list. It's a chilly January evening, but the soft yellow walls, honey-colored wood, and blond exposed brick at Restaurant Alma make it feel warm and cozy. We're sitting at the ... More >>
The Human Rights Campaign assessed companies' GLBT-friendlinessThe Human Rights Campaign Foundation has released a study measuring hundreds of companies' friendliness to gay employees. If their survey is any indication, Minnesota companies tend to do well by their GLBT employees. Thirteen Mi ... More >>
Minneapolis Public Schools let the cat out of the bag last week about a major donation from Cargill, General Mills, Medtronic, Target, but the size of the donation and its purposes were a bit vague. Today, MPS fleshed out some of the details. A $13 million package will be phased in over thre ... More >>
So is this what Pam Costain had up her sleeve when she relinquished her seat on the Minneapolis school board? The organization she spearheads, AchieveMPLS, was evidently the driving force behind a multimillion dollar gift to Minneapolis Public Schools from the foundations related to Cargill ... More >>
Roasted to carbon negative perfectionTiny Footprint Coffee's tag line is "Small steps to big climate change," and the new company is doing quite well purveying what they call carbon-negative beans. Recently landing impressive coffee service contracts with Gustavus Adolphus College and Medtronic, ... More >>
Joe got the threats, Ardolf got the indictmentThe guy who allegedly hacked into his neighbor's WiFi, posed as his neighbor and sent death threats and porn to Vice President Joe Biden and Gov. Tim Pawlenty, has been indicted. Barry Vincent Ardolf faces two counts of aggravated identity theft, ... More >>
Photo:istolethetvWhere's it headed?This story from Minneapolis St. Paul Business Journal turned our heads not once but twice. First because a shipment of about 60 human heads destined for Minneapolis-based Medtronic's Fort Worth, Texas, offices was held up at the Little Rock, Ark. And we're ... More >>
Ardolf was allegedly gunning for Biden and ObamaIs federal deficit spending worth taking the vice president's and president's llives? Ask Barry Vincent Ardolf, a 45-year-old Medtronic employee from Blaine with, apparently, no criminal record. He's accused of using someone else's computer in ... More >>
Sign-up for runners is two months earlier than usual. Time to get serious.
Meet the invisible hands behind some of the state's biggest bills
Thinking about running the big one this coming year? Better decide by February.
For men who haven't had much luck with Viagra, Cialis, and Levitra, Medtronic thinks a new artery stent near the penis might do the trick to keep it functioning sexually.
Doctors in Florida say a 61-year-old man was shot, but survived the injury when the bullet was stopped by the implanted cardiac defibrillator.
Elite program angers largest teachers' union in the state
A Brooklyn Center man is suing Medtronic, claiming they defamed him by using his image for a prostate treatment ad without his permission.
And the days when a Strib headline read: "Punk Rockers have some folks concerned at Hennepin-Lake."
Medtronic employs 38,000 people worldwide, about 8,000 of them in Minnesota.
Welcome to Lord of the Tinklenberg: The Towering Donations
We checked back in with some of the top Minnesota company stocks from last week after a rough day on Wall Street.
As America watches in horror as Wall Street crumbles, Minnesota companies are holding their ground. Most aren't seeing the best of times, but analysts are suggesting that buyers hold or buy some of the top stocks from Minnesota-based companies.
This cozy cafe may be easy to overlook, but its simple and stylish food is worth seeking out
Medtronic is spending $100 million to jumpstart lagging defibrillator sales
If there were a problem with a life-saving medical device implanted in your heart, someone would tell you, right? Tom Hatch thought so. He was wrong.
Seven Minnesota authors pen poison Valentines to the place we call home
In praise of two not-quite Christmas shows
The AIDS drug Ziagen has brought healthy windfalls to the University of Minnesota and GlaxoSmithKline. But it isn't doing anything at all for the millions who are dying of the disease in Africa.
Minnesota Supreme Court candidate Greg Wersal says state rules barring judicial hopefuls from raising funds are disingenuous. "You think judges don't know who's buttering their bread?"