Articles by Sam Schaust


Medtronic To Sell Its Medical Supplies Business, Sources Claim

The unit could sell for as much as $5 billion, according to people familiar with the matter.

February 01, 2017


Vibes Unable To Make ‘Shark Tank’ Investors Bite On Deal

The Minneapolis startup was looking for a $100,000 investment in exchange for 20 percent stake.

January 31, 2017

Hormel Suspends Pork Supplier Following Animal Cruelty Investigation

It marks the second time Austin-based Hormel has suspended Maschhoffs for animal cruelty claims in the last year.

January 31, 2017

Bad Habits

New Device Promises To Break Bad Habits

One local startup wants to help rid you of those stress-related impulses.

January 30, 2017


Examining The Life Of John Bravis, Medtronic’s ‘Employee Number Three’

Although the humble Minnesotan may be reluctant to admit it, Bravis’ contributions helped save thousands of lives and launch the largest medtech company in the world.

January 30, 2017


Twin Cities Housing Construction Posts Strongest January Activity Since 2007

After last year, Lakeville continued to be the most active city for new housing permits in the metro area.

January 27, 2017


Medtronic’s Pill-Sized Pacemaker Receives Medicare Coverage

Meanwhile, medtech competitors Boston Scientific and St. Jude Medical are awaiting FDA approval for their leadless pacemaker models.

January 26, 2017

Textron Announces $247M Deal For Arctic Cat

Per the deal, Textron will also assume the Minneapolis-based recreational vehicle manufacturer’s debt.

January 26, 2017


Cardiovascular Systems Posts First Quarterly Profit This Decade

The medtech company has long struggled to escape from the red, but was able to do so due to considerable reductions in operating expenses.

January 26, 2017


HabitAware Raises $510K, Pushes Product Launch Back To March

The local startup created a device used to make people aware of and stop their nervous habits, like nail biting.

January 25, 2017

EnteroMedics Closes $19M Public Offering Round

It’s the latest fundraising effort from a company that has struggled to turn a profit.

January 25, 2017


Jordan Davis, Son Of Community Action CEO, Gets Two Years In Prison

The Minneapolis police officer was embroiled in a fraud scandal at a nonprofit that his father led.

January 24, 2017


3M Revenues Nearly Flat, Profits Up 11 Percent In Q4

The industrial supplies manufacturer edged past Wall Street expectations, beating earnings per share estimates by a penny.

January 24, 2017


Honeywell, Union Workers Face Potential Labor Lockout At Twin Cites Plants

Both sides return to the negotiation table Tuesday in hopes of landing a contract agreement before it expires next week.

January 23, 2017


State Adds 11,900 Jobs In December

Seven out of the state’s 11 job sectors reported increases in employment.

January 19, 2017

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