Company News
Published Nov 8 2001
Extended Stay America Inc., Spartanburg, S.C., has opened a
three-story 98-room Extended StayAmerica Efficiency
Studios hotel in Rochester, Minn.
Emerson, St. Louis, named Edward Monser as chief
operating officer. He has been president of Emerson's
Rosemount division, based in Eden Prairie, since 1996.
Standard and Poor's assigned its single-A senior unsecured
debt rating to UnitedHealth Group Incorporated's $100
million floating-rate notes that mature Nov. 11, 2003, and
$150 million floating-rate notes that mature Nov. 9, 2004.
Xcel Energy, Minneapolis, said it will provide $9.8 million to
fund eight renewable-energy proposals. The funding is part of
a legislative agreement that allows Xcel to store nuclear waste
at the Prairie Island nuclear power plant near Red Wing.
The State of Wisconsin Investment Board raised its stake in
Tower Automotive Inc., Minneapolis, to 10.45 percent, or
4,641,100 shares, according to an amended filing released
Wednesday by the Securities and Exchange Commission. On
June 30, the board reported owning 3,450,000 shares, a 7.82
percent stake.
Golden Oval Eggs, Renville, Minn., and Canadian Inovatech
of Abbotsford, British Columbia, formed a joint venture --
Inovatech USA -- that will make egg products at a new
facility in Thompson, Iowa, home of Golden Oval Eggs' in-line
production and processing operations. Construction is
underway, and the venture is scheduled to be in production by
June.
Cash Systems Inc., Minneapolis, said it has been awarded
contracts to provide its proprietary Credit Card Cash Advance
System in three additional casinos, bringing its total casino
client base to 39 casino operations in 17 states and the
Bahamas. Terms were not disclosed.
Ceridian Corp., Bloomington, and Benelogic, a provider of
online benefits administration, said they have a multiyear
marketing alliance to offer complementary products and
services to their customers as part of two business initiatives.
Uroplasty Inc., Minneapolis, said that it settled its litigation
with Carbon Medical Technologies Inc., formerly Advanced
UroScience, of White Bear Lake. Uroplasty will relinquish its
claims of misappropriation of trade secrets and abandon its
claims that Carbon Medical interfered with Uroplasty patent
rights.
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