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Thursday A.M. Report

Hecker discloses $1.5 million in debt; Minnesota unemployment rate stays at 7.3%;  Russomanno to retire as Imation CEO, Lucas promoted to top spot; FSI International stock up 13% after news of order

Hecker discloses $1.5 million in debt: Former Twin Cities auto dealer Denny Hecker reported more than $1.5 million in outstanding bills Wednesday, the Star Tribune and Pioneer Press reported. Criminal defense attorney Bill Mauzy is owed $500,000 of the $1.2 million Hecker owes for legal counsel in his divorce, bankruptcy and criminal cases. Hecker owes Minneapolis law firms Fredrikson & Byron $350,000 and Skolnick & Shiff $250,000. Read full story 

Minnesota unemployment rate stays at 7.3%: Minnesota’s unemployment rate remained at 7.3 percent in February, even as employers inside the state trimmed 3,400 jobs, according to the Minnesota Department of Employment and Economic Development (DEED). “February’s employment picture is relatively stable, and I continue to be encouraged by certain trends we are observing in the data,” DEED Commissioner Dan McElroy said in a news release.  Read full story 

Russomanno to retire as Imation CEO, Lucas promoted to top spot: Data-storage products company Imation Corp. said Thursday that CEO Frank Russomanno will retire in May, and will be replaced by Mark Lucas, the company’s president and chief operating officer.  Read full story 

FSI International stock up 13% after news of order: FSI International Inc. stock shot up more than 13 percent Wednesday after the Chaska-based maker of electronic circuit manufacturing equipment reported an order. FSI said “a major semiconductor manufacturer based in Asia” had ordered one of its Orion single semiconductor wafer cleaning systems. Read full story