And that can cut down on [U.S.] sales.” However, opportunities in overseas markets like Germany seem ripe for military sales. “In July of this year, they [Polaris executives] were talking about leveraging some of their U.S. deals into international military markets,” Smith Anthony Spencer Jersey said. “It’s something they continue to talk about and emphasize. It’s a small piece of their business, but is an opportunity for them to grow.” Though looking overseas, Polaris officials will be the first to admit that the U.S.
“There are going to be some costs associated with this. People are getting tired of the terrible failures.” Across the country, many gas utilities are boosting infrastructure investment to comply with federal rules, according to the American Gas Association, the industry’s Washington-based trade group. Just replacing the nation’s cast-iron pipes, mostly installed before 1950, is expected to cost $80 billion over 20 years, said Philip Bennett, managing senior counsel for the association. Utilities like CenterPoint see the timing as right.
Limited inventory and fewer foreclosure sales are contributing factors. add a comment Higher mortgage rates have yet to put the brakes on Twin Cities home sales. If anything, they’re revving them up. There were more sales last month than in any August in nearly a decade, and pending sales — an indication of future closings — also jumped.
Stocks mostly rise on Wall Street as a September rally resumes; technology lags
News Summary: California Legislature raises minimum wage to $10 an hour
Article by: THE ASSOCIATED PRESS , Associated Press
Updated: September 13, 2013 – 12:15 PM
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WAGE HIKE: California’s minimum wage would rise to $10 an hour within three years under a bill passed by the state Legislature, making it one of the highest rates in the nation.
BROWN ON BOARD: Gov. Jerry Brown indicated earlier this week that he would sign the bill, calling it an overdue piece of legislation that would help working-class families.
NATIONAL DEBATE: It would be the first increase in the state’s minimum wage in six years and comes amid a national debate over whether it is fair to pay fast-food workers, retail clerks and others wages so low that they often have to work second or third jobs.
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JustListed: A 22,000 square-foot, $4.5 million Lake Minnetonka tear-down?
The price represents a 5 percent discount to the company’s Thursday closing stock price. Stratasys shares fell about 3.5 percent in early Nasdaq trading on Friday. Stratasys also granted the offering’s underwriters a 30-day option to buy up to an additional 675,000 shares to cover possible overallotments. Proceeds excluding the overallotment option are expected to total $402.2 million after the deduction of underwriting discounts and commissions and other estimated expenses, the company said.
News Summary: California Legislature raises minimum wage to $10 an hour
Posted by: Jim Buchta under Architecture Updated: September 13, 2013 – 11:14 AM + add a comment add a comment Just Listed: The sprawling 22,000 square-foot house that record producer, James “Jimmy Jam” Harris built on Lake Minnetonka is on the market, and could be the area’s next mega tear-down – there’s been spate of them lately – because of its unique style/floorplan and prime location on a 3.5-acre lot with 300 feet of Lake Minnetonka shoreline on Hardscrabble Point. The house, which was built in 1991, has a master suite with its own wing of offices, an indoor movie theater and a walk-in shower room. Harris paid $420,000 for the land in 1987, built the house for $11 million and sold it a year later for $7 million. The house went into foreclosure and is now owned by JP Morgan Chase. Scott and Candi Stabeck of Edina Realty have the listing. You can take a virtual tour of the house by clicking here. If you have an interesting new listing, or have heard of one that you think our readers would care about, send me an e-mail.
Stratasys prices offering of 4.5M shares at $93 each
The Dow Jones industrial average rose 63 points, or 0.4 percent, to 15,364 as of noon Friday. The Dow fell 25 points the day before, only its second loss in September. The Dow is up 3.8 percent this month. The Standard & Poor’s 500 index rose four points, or 0.2 percent, to 1,687. Technology stocks lagged the rest of the market.
Meryl Yourish 