Tuesday P.M. Report

Xcel arena and general manager nominated for industry awards: Pollstar magazine, the leading concert-industry trade publication, has nominated Xcel Energy Center for its Arena of the Year award for the eighth time in the past nine years. It’s one of eight nominated venues. The magazine also nominated the arena’s general manager, Jack Larson, for its Facility Executive of the Year award. Read full story

College of St. Benedict renames Petters Auditorium: The College of St. Benedict has renamed the Petters Auditorium at the school’s Benedicta Arts Center, less than a week after Tom Petters was convicted on 20 counts for his role in orchestrating a $3.5 billion Ponzi scheme. The 1,078-seat auditorium now will be called the Escher Auditorium, in honor of Sister Firmin Escher, a retired music teacher who died in June. Read full story

Study says Twin Cities overextended for sports: The Twin Cities market’s economic capacity to support professional sports is overextended, according to a new study from Portfolio.com/bizjournals. The study analyzed 82 markets in the United States and Canada to determine if they have the financial ability to support professional teams in baseball, football, basketball, hockey and soccer. Read full story

Transoma Medical shuts down: Transoma Medical, based in New Brighton, has shut down its business operations. “Due to the difficult market conditions, Transoma Medical Inc. has decided to exit the implantable loop recorder business and cease its business operations,” according to a recorded message on the company’s voice mail system. The company’s website is no longer active. Read full story

Toro posts Q4 loss on soft demand: The Toro Co. swung to a loss in the fourth quarter, but the results beat Wall Street expectations. Bloomington-based Toro, which makes outdoor-maintenance equipment such as lawn mowers and snowblowers, posted a loss of $532,000, or 2 cents per share, in the fourth quarter. Read full story

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