Company News
Published Sep 7 2001
Target Corp., Minneapolis, said designer Todd Oldham will
create an exclusive line of home products to be released at the
chain in summer 2002. The retailer has also struck a marketing
partnership with the children's cable channel Nickelodeon for
the use of its SpongeBob SquarePants animated character.
Aero Systems Engineering Inc., St. Paul, has received its
official export license for the Singapore wind tunnel project.
Standard & Poor's assigned its double-A-minus (AA-)
senior debt rating to the $1.75 billion aggregate principal
amount of Medtronic Incorporated's 1.25 percent contingent
convertible debentures due 2021 being issued in a private
placement.
3M Co., Maplewood, said its drug-delivery-systems division
plans to develop topical patches for treating rheumatoid
arthritis and osteoarthritis. The prescription products will use
patented 3M topical delivery technologies.
Buca Inc., Minneapolis, said its Buca di Beppo restaurants
were named 'Best Italian' in 22 markets and runner-up in four
additional markets across the country in the annual 'Best of
CitySearch' online poll. Best of CitySearch is an annual guide
to the 'best' in 47 cities across the country. Buca di Beppo
currently operates 66 restaurants in 32 markets.
The Sportsman's Guide Inc., South St. Paul, said it is
comfortable with newly issued sales and earnings-per-share
estimates for 2002 of $172 million and 35 cents per share,
respectively.
Marshall Miller & Schroeder Inc., a newly formed
Minneapolis-based financial services company, has completed
the acquisition of certain assets of Miller & Schroeder Inc.
Quantech, Eagan, has filed a 510k application with the U.S.
Food and Drug Administration for clearance to market the
FasTraQ System, a diagnostic testing analyzer, for use in
hospital emergency departments.
Philips International Realty Corp., a real estate investment
trust based in New York City, said it has completed the sale of
its North Star Shopping Center in Alexandria, Minn., for
about $4.5 million in cash. The buyer was not disclosed.
Alexander's Moving & Storage, Bloomington, has acquired
Office Concepts, a regional provider of panel installation and
refurbishment services.
Alliant Techsystems, Hopkins, said it has been selected by
Alenia DIFESA, Breda Meccanica Bresciana, Brescia, Italy, to
supply the Common Munitions BIT/Reprogramming
Equipment system for use by the Italian Air Force.
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