Thursday P.M. Report

Minnesota moves up in Forbes’ best-for-business list: Minnesota slightly increased its ranking in a Forbes.com list of best states for businesses and careers. The state came in 15th on this year’s list, up from 17th in 2009. Among Minnesota’s neighbors, North Dakota and Iowa performed better, coming in at 11th and 13th respectively. Minnesota got its above-par ranking because it came in fourth for quality of life, eighth for labor supply, and 13th for growth prospects. Read full story

LifeScience Alley, BioBusiness Alliance of Minnesota to share CEO: Two large Minnesota life science industry groups, LifeScience Alley and the BioBusiness Alliance of Minnesota, will share the same CEO starting Nov. 1. The BioBusiness Alliance’s CEO Dale Wahlstrom will take over LifeScience Alley, replacing the retiring Don Gerhardt. Gerhardt, who has run LifeScience Alley for nine years, will remain with LifeScience Alley for a time to help with the transition. Read full story

Rival’s bad results send Capella stock down: The stock of Capella Education Co. and other for-profit education companies took a hit today, a day after University of Phoenix parent Apollo Group Inc. pulled its outlook for the coming year amid a slide in net income. Capella stock was down $9.94 per share, or 12.6 percent, to $69.21 this morning. Apollo group itself was down $12.60 per share, or 25.5 percent, to $36.90. Read full story

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