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Thursday P.M. Report

Patterson’s profit rises 20% in Q1, Forbes says Vikings value dropped 7% to $774M, Mortenson likely to build $80M U physics building, and Geek Squad to use Ford vans.

Patterson’s profit rises 20% in Q1: Strong sales helped boost Patterson Cos.’ profit by 20 percent in the first quarter, the dental-products supplier reported today. The Mendota Heights-based company reported earnings of $53.9 million, or 45 cents per share, during the first quarter. That’s up from a profit of $45 million, or 38 cents per share, in the same period a year ago. Read full story

Forbes: Vikings value down 7 percent to $774 million: The NFL season hasn’t started yet, but when it comes to off-the-field valuation, the Minnesota Vikings are trailing a regional rival in raw dollars, according to a survey by Forbes magazine. The Vikings ranked No. 30 of 32 teams based on team valuation, with a value of $774 million (down 7 percent from the previous survey). The Green Bay Packers’ value remained steady at $1.02 billion, ranking 14th. Read full story

Mortenson nabs deal to build $80M U of M physics building: Mortenson Construction is close to landing a deal to build the new $80 million Physics and Nanotechnolgy Building at the Universwity of Minnesota. The selection isn’t official yet. However, the university’s Capital Planning & Project Management department recently ranked Mortenson first among six other general contractors that responded to an RFP to be assigned construction manager for the 155,000-square-foot classroom and research building. Read full story

Geek Squad techs to use Ford vans: The Geek Squad’s in-home service technicians will switch to Ford vans in an effort to increase fuel efficiency, Ford Motor Co. announced today. A technical-support subsidiary of Richfield-based Best Buy, Geek Squad purchased and will soon take delivery of 290 Transit Connect vans and 738 E-Series vans. The Transit Connects will take the place of larger cargo vans for delivering, installing and servicing home appliances. Read full story