Nonprofit, nonpartisan journalism. Supported by readers.


Friday P.M. Report

Xata shareholders OK acquisition, Medtronic subsidiary resumes unrestricted shipments, U.S. Bancorp delays executive bonus, Rash leaving agency for Star Tribune, and U.S. Bancorp takes over towers.

Xata shareholders OK acquisition: Xata Corp. shareholders have approved the company’s plans to buy Turnpike Global Technologies, a Canadian tech firm. Eden Prairie-based Xata first announced plans to acquire Ontario-based Turnpike last December.. Xata, which makes software that companies use to monitor and track trucks, will spend $20 million to buy Turnpike. Read full story

Medtronic subsidiary resumes unrestricted defibrillator shipments: Medtronic subsidiary Physio-Control said it is resuming unlimited shipping of its Lifepak defibrillators after halting shipments in 2007 to address quality-control issues. Physio-Control had halted shipments in 2007 but was allowed by the Food and Drug Administration a year later to ship a limited number of defibrillators to emergency care providers until improvements in its quality system were completed. Read full story

U.S. Bancorp to give Davis stock in three years: U.S. Bancorp’s top executive will receive a bonus in three years, instead of now, under an incentives plan similar to one announced in December by Wells Fargo & Co. Richard Davis, the chairman, president and CEO of the Minneapolis-based regional banking giant, will start being vested in stock in three years. Read full story

Rash leaving Campbell Mithun for Star Tribune: Campbell Mithun executive John Rash is leaving the Minneapolis advertising agency to become a full-time member of the Star Tribune’s editorial board. Rash, who has been senior vice president and director of media analysis at Campbell Mithun, will take the newspaper post next month. Rash has been a part-time Star Tribune editorial writer since April 2008. Read full story

Article continues after advertisement

U.S. Bancorp takes over San Fran-area towers: Minneapolis-based U.S. Bancorp has taken ownership of three buildings totaling 814,000 square feet that are part of the Watergate Towers office complex outside San Francisco, in Emeryville. Read full story