Company News
Published Oct 26 2001
Ruckus Interactive, St. Paul, said it has formed a
partnership with Equilibrium, San Francisco, to offer
MediaRich image-automation technology.
Gannett Co. Inc., McLean, Va., named William Albrecht
president and publisher of the St. Cloud Times. Albrecht
succeeds Sonja Sorensen Craig, who took a similar job at the
Statesman Journal in Salem, Ore.
MTS Systems Corp., Eden Prairie, said net earnings for its
fiscal fourth quarter ended Sept. 30 will be in line with previous
forecasts. The company also announced that it has
implemented SAB 101, Revenue Recognition in Financial
Statements. The impact of this accounting change is expected
to reduce fourth-quarter results by about 3 cents per share.
Fastenal Co., Winona, has signed a national supply
agreement with Minnesota Corn Processors.
Net4Music Inc., Eden Prairie, has named CEO Sean Lafleur
to the additional office of chairman. Former Chairman
Francois Duliege remains a director and an investor of the
company. John Paulson, president of the Coda Division, was
named president of Net4Music.
St. Jude Medical Inc., Little Canada, has received approval
from the U.S. Food and Drug Administration to begin
distribution of a new version of its 3500/3510 software for its
Integrity Micro DR Model 5336 pacemaker.
Blue Cross and Blue Shield of Minnesota, Eagan, has won
top honors from the American Association of Health Plans for
its Blueprint for Health stop-smoking program for the second
consecutive year.
Fitch has assigned an AAA rating to the Minnesota Public
Facilities Authority's $70 million water pollution control
revenue bonds, series 2001A, which are expected to sell on
Tuesday. Fitch also affirms its AAA rating on the MPFA's
$632 million outstanding water pollution control and drinking
water revenue bonds.
Mocon Inc., Minneapolis, has acquired Questar Baseline
Industries Inc., Lyons, Colo. The acquisition, valued at about
$3.4 million, is expected to have a positive effect on
fourth-quarter 2001 sales and to be accretive for 2002 as a
whole.
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