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Thursday P.M. Report

Walsh gets $205M Central Corridor LRT contract, Fallon reportedly signs Cadillac and drops Chrysler, Medtronic hikes dividend by 9 percent, and Jefferson Lines adds service.

Walsh gets $205M Central Corridor LRT contract: Walsh Construction has received a $205 million contract to build the seven-mile St. Paul segment of the Central Corridor light rail line from the Metropolitan Council. The contract for the Chicago-based firm includes constructing the track, reconstructing streets, building 14 stations, modifying two bridges, improving intersections and pedestrian crossings, building storm water infrastructure and demolishing a vacant Bremer Bank building. Read full story

Fallon reportedly signs Cadillac, drops Chrysler: Fallon Worldwide has won the advertising contract for General Motors’ Cadillac brand, according to trade publication AdWeek. GM spent about $250 million on advertising for Cadillac cars in 2009. In December, Minneapolis-based Fallon became the agency of record for Chrysler Group but reportedly now is severing ties. Read full story

Medtronic hikes dividend by 9 percent: Medtronic is raising its quarterly dividend to 22.5 cents per share, an increase of 9 percent, compared with the Fridley-based company’s most recent pay-out to shareholders. Read full story

Jefferson Lines adds service: Jefferson Lines announced today it will offer new express bus service to four cities. The Minneapolis-based bus company, which operates out of five stations in the metro area, will offer new service to Duluth, Des Moines, Kansas City and Fargo. Read full story