Latest news with #Minneapolis-based
Reuters
3 hours ago
- Business
- Reuters
Medtronic wins US appeal to overturn $106.5 mln heart-valve patent verdict
July 18 (Reuters) - A U.S. appeals court on Friday overturned a jury's verdict that medical device maker Medtronic (MDT.N), opens new tab owes competitor Colibri $106.5 million for infringing a patent related to heart valve technology. The U.S. Court of Appeals for the Federal Circuit determined, opens new tab that a California judge should have ruled before the trial that Minneapolis-based Medtronic's devices did not violate Colibri's patent rights. Medtronic said in a statement that the decision "affirms our longstanding position that Colibri's patent infringement claims lacked merit." Spokespeople and an attorney for Colibri did not immediately respond to requests for comment. Colorado-based Colibri alleged in a 2020 lawsuit that Medtronic's Evolut devices for replacing heart valves in heart disease patients infringed a Colibri patent related to deploying artificial heart valves. The patent relates to Colibri's competing heart valve implant system. Colibri said in the lawsuit that company officials shared information about its patented technology with Medtronic in 2014, before Medtronic introduced its Evolut system. A jury found in 2023 that Medtronic's devices infringed Colibri's patent. A three-judge Federal Circuit panel overturned the verdict on Friday, agreeing with Medtronic that the district court judge should have ruled for the company before the case went to a jury trial. The case is Colibri Heart Valve LLC v. Medtronic CoreValve LLC, U.S. Court of Appeals for the Federal Circuit, No. 23-2153. For Colibri: Jeffrey Lamken of MoloLamken For Medtronic: Greg Castanias of Jones Day Read more: Medtronic hit with $106.5 mln U.S. verdict in heart-valve patent case
Business Wire
4 days ago
- Business
- Business Wire
Graco Inc. Signs Definitive Agreement to Acquire Color Service s.r.l. ('Color Service'), a Global Manufacturer of Specialized Automatic Precision Dosing Systems for Powders and Liquids
MINNEAPOLIS--(BUSINESS WIRE)--Graco Inc. (NYSE: GGG) announced today that it has entered into a definitive agreement to acquire Color Service, a global leader in automated dosing systems for powder and liquid applications for €63 million, subject to customary adjustments. Color Service had revenue of €34 million in 2024. The transaction is expected to close in Graco's fiscal third quarter following the satisfaction of closing conditions. 'The addition of Color Service strengthens our powder handling portfolio and opens new growth opportunities with complementary technologies for new applications,' said Mark Sheahan, Graco's President and CEO. 'This acquisition supports our global expansion strategy and aligns with Graco's commitment to delivering innovative, high-quality solutions that solve complex customer challenges.' Color Service serves a wide range of industries including textiles, rubber, cosmetics, plastics, and food. Known for its expertise in gravimetric dosing technology, the company delivers precise, weight-based measurements that improve consistency and efficiency in production. Headquartered in Italy, Color Service employs approximately 140 people worldwide. ABOUT GRACO Graco Inc. supplies technology and expertise for the management of fluids and coatings in both industrial and commercial applications. It designs, manufactures and markets systems and equipment to move, measure, control, dispense and spray fluid and powder materials. A recognized leader in its specialties, Minneapolis-based Graco serves customers around the world in the manufacturing, processing, construction, and maintenance industries. For additional information about Graco Inc., please visit us at Cautionary Statement Regarding Forward-Looking Statements The Company desires to take advantage of the 'safe harbor' provisions regarding forward-looking statements of the Private Securities Litigation Reform Act of 1995 and is filing this Cautionary Statement in order to do so. The Company's statement about the expected closing date of the acquisition is a forward-looking statement. The expected closing and closing date of the acquisition could differ due to any event, change or other circumstance that prevents the parties from satisfying the closing conditions in a timely fashion or at all.
Business Wire
4 days ago
- Business
- Business Wire
Haberman Selected as Creative and Media Strategic Lead to Launch Dole Whip at Grocery
MINNEAPOLIS--(BUSINESS WIRE)--Following a competitive review, Dole Packaged Foods LLC has named Haberman, a Minneapolis-based modern storytelling agency, as creative and media strategic lead for the new Dole Whip® fruit-first frozen treat now available in select grocery stores nationwide. Haberman will lead an integrated summer campaign spanning creative, paid media, public relations, influencer partnerships and full-funnel strategy rooted in the brand's legacy and joyful storytelling. Dole Packaged Foods LLC has named Haberman, a Minneapolis-based modern storytelling agency, as creative and media strategic lead for the new Dole Whip® fruit-first frozen treat, following a competitive review. Share 'Dole Whip has a unique place in pop culture, and its fans are truly passionate. Our team knew we had to honor that excitement and legacy in every detail,' said Zach Keenan, creative director at Haberman. 'The campaign brings together nostalgic animation and the everyday joy this treat inspires, whether you're a lifelong fan or just discovering it for the first time. It's not about escaping real life, but brightening your day, wherever you are.' Inspired by the playful nostalgia of early 'rubber hose' animation – think big eyes, bendy limbs, and that vibrant, vintage cartoon feel – the campaign stars a joyful, animated pineapple who skates, dances and sings his way through a magical world, inviting people of all ages to 'Have a Dole Whip® Day,' a simple yet powerful phrase reminding consumers that joy is always within reach. An original jingle and cheerful visuals capture the energy and optimism that sets Dole Whip apart. 'Our 'Have a Dole Whip® Day' campaign is all about bringing a happy, sunshine feeling to everyday life,' said Mike Secor, VP of marketing for Dole Packaged Foods. 'Every fruity, velvety bite of Dole Whip delivers the delicious taste of sunshine. Haberman has been a wonderful partner, and we're excited to share the joyful campaign we've created together with consumers, inspiring them to enjoy a little more brightness and joy in everyday life.' The new campaign, now live, features :06, :15 and :30 animated spots and will run across Connected TV, YouTube, streaming audio, paid social, programmatic display and influencer partnerships. 'Dole Whip is strategically positioned for growth with a story that's already resonating with fans,' said Nicole Arnason, media director at Haberman. 'We're prioritizing markets where the brand is on shelf, using video and audio-first formats to amplify Dole Whip's new jingle, keeping it top of mind while connecting fans to Dole Whip near them.' For more about Haberman, visit For more information about Dole Whip, visit About Haberman Haberman is a full-service marketing communications agency with a 30-year history of modern storytelling for media and marketing. The agency's mission is to tell the stories of pioneers making a difference in the world – from leaders of the good food movement and cause marketing innovators to behavior change champions and entrepreneurs with life-changing ideas. Storytelling unites everything the agency does across strategy, creative, media and public relations. As modern storytellers, Haberman helps organizations grow, inspire engagement and drive positive social change. For more information, visit About Dole Packaged Foods, LLC Dole Packaged Foods, LLC is a global leader in growing, sourcing, distributing, and marketing fruit-based snacks across four core categories: Beverage, Snacks, Frozen, and Pantry. The company offers a full line of packaged shelf-stable fruit, frozen fruit, dried fruit, and juices—delivering the natural goodness of fruit to people around the world. Guided by its Dole Beliefs—Brighter Product, Brighter Planet, and Brighter Today—the company is committed to creating a more sustainable future with a focus on the environment, agriculture, nutrition, and building a shared value ecosystem. This mission supports Dole's goal of making nutritious food more accessible and delivering sunshine for all. For more information, visit
Yahoo
5 days ago
- Politics
- Yahoo
Minnesota shooting victims John, Yvette Hoffman detail 'horrific night'
Sen. John Hoffman, shot alongside his wife at their Minnesota home nearly a week ago, in what officials deemed as "targeted," released a statement detailing the married couple's version of what happened during the violent break-in that left them hospitalized. Under the cover of night, on the early morning of June 14, a gunman gained access to the couple's Champlin home, shot the Democratic lawmaker, and then shot his wife. Police said Yvette Hoffman survived. Her husband, shot nine times, remained in critical condition on June 19, a spokesperson for the hospital system treating him told KARE 11. She was released from the hospital on Thursday, June 19, according to the Minneapolis-based TV station. USA TODAY is not identifying the hospital for safety and privacy reasons. A reporter contacted the hospital for more information, but has not received a response. Another lawmaker in Minnesota, state Rep. Melissa Hortman and her husband, Mark Hortman, were also shot that same day at their home, Brooklyn Park Police officials said. Law enforcement discovered their bodies on Saturday, June 14. Following an intense manhunt, law enforcement on June 15 arrested Vance Luther Boelter, 57, in connection with both shootings. He faces state and federal murder charges, including multiple counts of murder and stalking. Gov. Tim Walz has publicly called the killings a political assassination. Now, days after the shootings, John and Yvette Hoffman are detailing that "horrific night." 'I'm going to be honest': North Dakota man charged with threatening official in email citing Minnesota shootings According to the statement from John and Yvette Hoffman, shared with USA TODAY, the couple had attended the Humphrey Mondale dinner on Friday, June 13, and returned home that night with their adult daughter, Hope. At around 2 a.m., the couple was awakened by the "sounds of pounding on the front door and shouts of someone seeking entry," the statement reads. The individual identified himself as a police officer, and when the couple opened the door, all three of them were in the entryway, the statement continues. John Hoffman "initially lunged at the gunman as the weapon was pointed directly at him," leading to him being "struck nine times," according to the statement. As he fell, his wife reached out to push the gunman and shut the door, succeeding before she was also "hit eight times by gunfire," the statement continues. Hope Hoffman then rushed to shut the door and secure the lock before calling 911 and sharing that her dad had been shot in his home, the statement reads. "Her brave actions and quick thinking triggered the notice to public safety officials that a politically-motivated act was potentially underway," the statement says about Hope. The couple, which continues to receive medical care, said in the statement that they're "deeply grateful for those providers, for the first responders and for all those in law enforcement who worked so quickly, professionally and selflessly to safeguard others and to apprehend the shooter." The statement also mentions the murders of Melissa and Mark Hortman, saying: "We are heartbroken to know that our friends Melissa and Mark Hortman were assassinated. Our daughter Hope and Sophie Hortman went to school together, and we know that they - along with Colin Hortman - will have each other's support as we all work through the devastating consequences of that horrific night." The couple also thanked those at the Fernbrook Elementary School in Maple Grove, Minnesota, for the GoFundMe page that will help them "pick up the broken pieces of (their) lives." "We are uplifted by the prayers and support from so many across the state of Minnesota and the country: thank you," the statement reads. The statement also speaks on the risk of being a public servant in today's society, saying: "Choosing to work in the public sector, even in as limited a way as John's career as a senator, has always meant sacrificing a level of privacy. But now we are grappling with the reality that we live in a world where public service carries such risks as being targeted because someone disagrees with you or doesn't like what you stand for." "As a society, as a nation, as a community, we must work together to return to a level of civility that allows us all to live peacefully. The future for our children depends on that," the statement continues. "We will be praying for that work and appreciate all those who will join with us." USA TODAY contacted Hoffman's office on June 20 but has not received a response. Boelter visited the homes of two other state officials the morning he launched a targeted "political assassination," Joseph Thompson, the acting U.S. attorney for Minnesota, said. Boelter drove to the houses of the other state officials after he shot and wounded John Hoffman and his wife. Police arrested Boelter on June 15 in rural Sibley County, some 50 miles from Minneapolis, after they accused him of fatally shooting Hortman and her husband in their home. The suspect also targeted several other lawmakers in the Midwest, prosecutors said. According to a 20-page court affidavit released June 17, detailing the violent and deadly crime spree, FBI Agent Terry Getsceh wrote the suspect meant to 'kill, injure, harass and intimidate'' more than 45 Minnesota state and federal officials whose names and addresses he had researched. Investigators say Boelter "extensively researched" and planned the June 14 attack. He compiled a list of mostly Democratic state lawmakers and their addresses; he fitted his SUV with lights and a fake license plate to resemble a police squad car; and he purchased a silicone mask and a cache of weapons, court documents filed in federal court show. Contributing: Rebecca Morin, Christopher Cann, Susan Miller and Jorge L. Ortiz Natalie Neysa Alund is a senior reporter for USA TODAY. Reach her at nalund@ and follow her on X @nataliealund. This article originally appeared on USA TODAY: Minnesota shooting victims offer statement detailing 'horrific night'
San Francisco Chronicle
6 days ago
- Business
- San Francisco Chronicle
Winmark: Q2 Earnings Snapshot
MINNEAPOLIS (AP) — MINNEAPOLIS (AP) — Winmark Corp. (WINA) on Tuesday reported net income of $10.6 million in its second quarter. The Minneapolis-based company said it had net income of $2.89 per share. The store concept franchisor posted revenue of $20.4 million in the period. _____
