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Tuesday P.M. Report

Ford Ranger sales up by 3 percent, Uroplasty shares on rise, St. Jude Medical’s Trifecta valve gets European approval, H.B. Fuller paid CEO $3.12M, and Famous Dave’s buys 7 franchise restaurants.

Ford Ranger sales up by 3 percent: Ranger pickup sales were up 3 percent in February, Ford Motor Co. said today about its St. Paul-built truck. Ford sold 3,706 Rangers last month, up from 3,597 a year ago. The trucks are manufactured at the Twin Cities Assembly Plant in the Highland Park neighborhood of St. Paul. The plant is slated to close in 2011, although local and state officials and labor leaders have lobbied Ford to convert the plant into one that makes hybrid and battery-powered vehicles. Read full story

Uroplasty shares continue rise on study results: Uroplasty Inc.’s stock price continued to climb a day after the company announced positive results from study of its incontinence treatment Monday. Uroplasty stock opened at $1.75 Monday morning and climbed nearly 4.6 percent to $1.83 by the final bell. Prices were leveling out around $2.05 early Tuesday afternoon, up about 12 percent for the day. The movement comes after the Minnetonka-based medical device developer reported favorable results from a large study to be published in the April  Journal of Urology. Read full story

St. Jude Medical’s Trifecta valve gets European approval: St. Jude Medical said today that its Trifecta heart valve has been approved by European regulators. The Little Canada-based medical technology company’s tissue valve is now cleared for sale in Europe. The valve helps control blood flow from the heart to the rest of the body, replacing diseased, damaged or otherwise non-working aortic valves. Read full story

H.B. Fuller paid CEO Michele Volpi $3.12 million in 2009: H.B. Fuller paid its chief executive 45 percent more in 2009 than the year before. That’s according to a proxy filing by the St. Paul maker of sealants, paints and specialty chemicals. CEO Michele Volpi received $3.12 million in compensation from his employer last year. Volpi received $2.1 million in compensation in 2008. Read full story

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Famous Dave’s buys seven New York and New Jersey franchise restaurants: Famous Dave’s of America said it expects to close today on the $6.8 million purchase of seven of its franchise restaurants in New York and New Jersey. The Minnetonka-based barbecue restaurant chain said that it submitted a stalking-horse asset purchase bid in December for North Country BBQ Ventures restaurants in Chapter 11 bankruptcy. A U.S. Bankruptcy Court judge in New Jersey approved the sale Monday after an auction last week. Read full story