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a daily look at capitalism in Minnesota
                                                                                                                                                                                   

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LINGERIE: via Sarah Boyd at Forbes, VERBATIM: “Halle Berry is not only an Academy Award-winning actress, but also a global visionary. She announced earlier this week that she is launching the iconic French lingerie brand, Scandale Paris, in select Target TGT -0.74% stores and on Target.com on October 27th. Berry recently discovered Scandale while in Paris and was so taken by the brand and its possibilities, she decided to partner along with Erik Ryd, owner of Hop Lun (HK) Ltd., to introduce the chic lingerie brand to female consumers globally. While Berry has been associated with a number of luxury brands, Scandale Paris marks her debut as an owner.”  READ: http://onforb.es/1t8YGJf
 
TODAY: via Kurt Avard at Seeking Alpha, VERBATIM: “The up and coming wings restaurant Buffalo Wild Wings (NASDAQ:BWLD) reports on Monday October 27 after the market closes. Though analysts have been skeptical on the company model for quite some time, there are indications that the firm is ready to report some very positive numbers for the third quarter… On average, analysts are expected Q3 revenues to be in excess of $373 mn, an 18% jump from last year quarter. With EPS projected to rise 12.7% to $1.07, it does look good for the company to see continued positive momentum in revenues. Despite the company's somewhat maudlin operating cost expectations, this positive momentum should translate into continued earnings in the fourth quarter as BWLD restaurant policies adapt to new meal portioning offered to customers.”  READ: http://bit.ly/1rLan6i
 
GLUE: via Jack Neff at Advertising Age, VERBATIM: “The Super Bowl will have a new advertiser in 2015 -- glue giant Loctite. The estimated $4.5 million price of a Super Bowl spot represents a big gamble for Loctite, which has spent $4 million in total on measured media each of the past two years, according to Kantar Media. Through the first six months of this year, the brand spent $1.7 million. Parent Henkel, however, spent $46 million overall last year on brands that also include Dial, Purex, Right Guard and Renuzit, Kantar said. Loctite will go all in with a spot at the beginning of the fourth quarter with the latest installment of its less-than-year-old #WinAtGlue campaign from Fallon, Minneapolis. Pierre Tannoux, marketing director for Loctite Consumer Adhesives, said he'd leave other details of the creative as a surprise for closer to the game, set to air on NBC Feb. 1… The ad will be part of a broader effort that will include digital and PR.”  READ: http://bit.ly/1su0cC2
 
PROMOTION: via news release, VERBATIM: “Rambow Inc., a New London company that specializes in custom embroidery and screen-printed apparel and promotional items, announced plans today to expand its operations and create 15 full-time jobs as it increases its sales outside of Minnesota. The company said it will invest $507,000 to expand its facilities by 12,288 square feet. The new jobs will pay an average wage of $16.47 an hour. The Minnesota Department of Employment and Economic Development (DEED) is assisting with the expansion with an $84,000 grant from the Minnesota Job Creation Fund. The company will receive the funding after meeting its hiring and investment commitments.”  READ: http://bit.ly/1w8Ld6O
 
TOMORROW: via Forbes, VERBATIM: “Optimism surrounds Ecolab, as it gets ready to report its third quarter results on Tuesday, October 28, 2014. Analysts are expecting the company to book a profit of $1.21 a share, up from $1.04 a year ago. The consensus estimate has risen from three months ago when it was $1.20. It hasn’t been adjusted since. Analysts are expecting earnings of $4.18 per share for the fiscal year. Revenue is projected to eclipse the year-earlier total of $3.48 billion by 7%, finishing at $3.73 billion for the quarter. For the year, revenue is projected to come in at $14.44 billion. The company has been profitable for the last eight quarters, and for the last four, profit has risen year-over-year by an average of 19%. The biggest gain came in the third quarter with a 29% surge. Revenue has grown for three quarters in a row.”  READ: http://onforb.es/1xvQa7V
 
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FREEBEER: via Tim Nudd at Adweek, VERBATIM: “Literally the only thing that gets agency people to fill out their timesheets consistently is free beer. The latest example comes from Minneapolis, where Colle+McVoy has built a wondrous machine called the TapServer—a "multi-keg beer deployment system" that uses RFID and custom-written software to verify whether you've stopped being a lazy git, finished your timesheets and earned your free pint.”  SEE/READ: http://bit.ly/1wBVxWk
 
HEALTHCARE: via Jeff Pesek at TECHdotMN, VERBATIM: “Healthcare.com — a brand name, premium domain, and healthcare marketplace for consumers — is establishing office in Minneapolis this fall. Cofounder and CEO Jeff Smedsrud says the company has three executive employees in state operating remotely, is adding more and settling down in the near term… Smedsrud is a Minnesota native who partnered with two others and became active CEO earlier this year… Healthcare.com’s technology platform provides consumers educational resources and direct shopping paths to health care products in the US.  Imaginably, there are a large number of ways to monetize such concerns in today’s world.”  READ: http://bit.ly/ZTmoiF
 
GENMILLS: via Chuck Zimmerman at AgWired, Interview with Kevin Hunt, Social Media Manager for General Mills how the company creates content via its blog, “A Taste of General Mills.”.  LISTEN: http://bit.ly/1zzOKi9
 
DESIGN: via Brian Johnson at Finance & Commerce, VERBATIM: “The new Washburn Center for Children in Minneapolis is less than 3 miles from the nonprofit center’s existing home on Nicollet Avenue, but the building is light years away in its function and aesthetics. The nonprofit center, a provider of mental health services for about 2,700 youths per year, has outgrown its building at 2430 Nicollet Ave. Moreover, the dark, cramped spaces within the old building were seen as a bad fit for the therapeutic work. That will change soon, as Golden Valley-based Mortenson Construction puts the finishing touches on a new $24.5 million home for the Washburn Center on a 2.5-acre property at 1100 Glenwood Ave… One of the keys to treating those children is connecting them with nature. A project consultant was Richard Louv, author of “Last Child in the Woods,” who says such connections are important to a child’s physical and emotional health… Large windows, abundant natural light, views of the downtown skyline, curved hallways, high ceilings, extensive landscaping and strong ties to the outdoors jump out at visitors.”  VIEW/READ: http://bit.ly/12RG7kz (SPONSORED by Gardner Builders)
 
SELLOFF: via Katharine Grayson at MSPBJ, VERBATIM: “Medical-device maker Covidien may sell off some of its vascular therapy technologies ahead of the company's sale to Medtronic Inc. in a preemptive move to satisfy anti-trust regulators. Covidien said in a Friday regulatory filing that it and Medtronic will "likely agree" to divest of assets related to Covidien's vascular therapies product line. Covidien said it's making the move to receive anti-trust approval for its sale to Fridley-based Medtronic.”  READ: http://bit.ly/1FQhIe9
 
DAILYAGENDA:  Today - Duluth Mayor Don Ness tells us about his political background and discusses the revitalization his hometown has recently experienced. From the depths of unemployment and distress in the early 80’s Duluth has rebounded in to one of Minnesota’s premiere destinations for business and travel.  LISTEN: http://bit.ly/1nJZXax
 
THISWK:  This week on the Daily Agenda podcast, we'll have fmr. Sen. Norm Coleman, US Atty Andy Luger and Business Partnership CEO Charlie WeaverLISTEN: http://bit.ly/1qNPfi3
 
DULUTH: via Brady Slater at Duluth News Tribune, VERBATIM: “As the Great Lakes shipping industry continues its fast-paced recovery from a late start to the 2014 season, the ice that kept things slowed into April already is on the minds of Twin Ports tugboat operators. “I say we’re going to have ice in the harbor by Thanksgiving,” said Mike Ojard, owner of Heritage Marine. Ojard’s outfit runs big tugs, ranging from 1,200 horsepower all the way to the 3,500-horsepower twin-engine Nancy J… But the shipping season remains behind 2013’s numbers as it continues to play a season-long game of catch-up from the heavy ice that blanketed the lakes into April, when just 2 million tons of iron ore was moved. Year-to-date, U.S.-flagged cargo movement stands at 60 million tons, a decrease of 5.5 percent compared to the same point in 2013.”  READ: http://bit.ly/1Dk3r5k
 
3DPRINT: via Business Wire, VERBATIM: “Stratasys Ltd. (Nasdaq:SSYS), a global leader of 3D printing and additive manufacturing solutions and GoEngineer, a Stratasys reseller, will be part of a new television series on MAVTV called TITAN American Built. The series features machine shop owner Titan Gilroy and his mission to put American manufacturing back on top of the world.”  READ: http://bit.ly/1w8MPNN
 
COMMUNITY: The Minnesota Credit Union Network released an infographic illustrating that credit unions are “Community Connected.” As locally-owned, not-for-profit financial cooperatives, credit unions are dedicated to the communities that they serve. 29 credit unions reported donating nearly $300,000 to local charities, community projects or civic groups around the state in the first seven months of the year. 27 credit unions reported providing 9,500 volunteer hours of time and talent to community events and programs.  INFOGRAPHIC:http://bit.ly/ZGBiZc  (SPONSORED: MN Credit Union News)
 
CLIFFS: via Rupert Hargreaves at Seeking Alpha, VERBATIM: “Cliffs Natural Resources Inc (NYSE:CLF) reports its third quarter results after the close later today and there are several trends that investors need to look out for within the company results. After successfully replacing much of Cliffs' board, activist hedge fund, Casablanca Capital is now trying to break the company up… So, do shareholders have anything to look forward to ahead of the company's results? Well, management will hopefully update the market on asset sales and strategy going forward. Additionally, there's some talk that production for the quarter could be stronger than expected, and chatter suggests that Cliffs will benefit from cost cutting initiatives, which will see the company's profit margins widen and the company reduce its cash loss. Still, if it's true, and Cliffs is in fact in breach of its loan covenants, then the company could be in real trouble going forward, unless asset sales are announced, or there's a sudden change in the iron ore market, sending prices rapidly higher. One thing to note is that if the potential buyers for Cliffs' assets know that the company is eager to sell, the company won't be able to get a great price. Asset fire sales rarely end well for the seller.”  READ: http://bit.ly/1zzzt0T
 
EXPLORE: Harvard Business Review Looks at Shackleton, LISTEN/READ: http://bit.ly/1dK9k0L (SPONSORED by Studio/E: Great minds, navigating change. Click here to explore: http://yourstudioe.com/)
 
TODAY: earnings announcements from Buffalo Wild Wings and Cliffs Natural Resources
 
TOMORROW: earnings announcements, conference calls and/or presentations from Ameriprise Financial, G&K Services, Tile Shop, Techne Corporation (d/b/a Bio-Techne), C.H. Robinson, IMRIS and Ecolab
 
THISWK: earnings announcements, conference calls and/or presentations from Cardiovascular Systems, Insignia Systems, Digital River and Image Sensing Systems on Wednesday, Xcel Energy, Sunshine Heart, Digi International and Mosaic on Thursday
 
TOMORROW: via news release, VERBATIM: “An episode of American Farmer featuring AgriBank and several of its affiliated Farm Credit Associations will debut at 7:30 a.m. Central time on Oct. 28 on RFD-TV. This episode of American Farmer will highlight key challenges and opportunities in today's agricultural marketplace as well as educate audiences on the cost-effective and innovative financial products and services Farm Credit provides to farmers, ranchers, and agribusinesses to help them manage risk and succeed financially. AgriBank is the funding bank for 17 retail Farm Credit Associations that lend to farmers, ranchers, agribusinesses and rural homeowners throughout 15 Midwestern states. Five of those Associations—AgStar Financial Services, FCS Financial, Farm Credit Services of Mandan, GreenStone Farm Credit Services and United FCS—collaborated with AgriBank on the program. The program will be rebroadcast at 7:30 a.m. Central time Nov. 18 on RFD-TV and future dates to be announced on RFD-TV, RURAL-TV and FamilyNet. The program is also posted on YouTube.”  READ: http://bit.ly/1wagHuy
 
TRENDS:  The State of Rural Minnesota annual report by the Center for Rural Policy and Development features nearly 20 charts and maps about key trends in Greater Minnesota. SEE: http://bit.ly/ruralmn2014  (SPONSORED: http://www.ruralmn.org)
 
AG TAKE: Every Monday, Wednesday and Friday in partnership with the MN Agri-Growth Council, Fluence Media publishes Ag Take. SUBSCRIBE:  http://bit.ly/AgTake
 
CANDIDATES:  A Greater Minnesota, released this video, “We ALL have a stake in good MN farms and food.”  VERBATIM: “Every Minnesotan has a stake in high quality food and the economic benefits and jobs generated in rural communities to downtown Minneapolis and St. Paul. Learn more at farmandfoodmn.org.”  WATCH: http://bit.ly/1xpCsnK  (SPONSOREDA Greater Minnesota)
 
FOLLOW: ag take partner/sponsor, Minnesota Agri-Growth Council, is on Twitter at @mn_agrigrowth
 
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PROPANE: via AP, VERBATIM: “Gov. Mark Dayton has temporarily lifted some rules governing the transport of propane… Dayton signed an executive order Friday that allows propane delivery drivers a longer daily window to transport the product. They would still face limits on the amount of time they can spend behind the wheel. The order is similar to ones he's signed in the past to combat distribution shortages. Last year, propane shortages drove up heating costs… Because of late planting and harvesting, propane is in higher demand as farmers work to dry their crops…The order will be in place through Nov. 23.”
 
RAIL: via KSTP’s Joe Augustine, VERBATIM:  “In one week in October, 747 train cars, operated by BNSF Railway, were loaded with harvested grain and ready for shipment. Instead, they sat idle for more than five days… Meanwhile, only six train cars loaded with crude oil experienced similar delays, according to recent reports submitted to the Federal Government by BNSF… BNSF and all other major railroad companies will submit documentation detailing shipment amounts and delays every week to the Surface Transportation Board (STB), the agency that regulates the railroads.”  WATCH/LISTEN: http://bit.ly/1pPWGlJ
 
MNSURE: via Tom Scheck at MPR, VERBATIM: “Gov. Mark Dayton defended his Commerce Department Friday, saying officials there accurately calculated that the average cost on health plans offered through MNsure would rise only 4.5 percent next year. DAYTON: "I maintain — and we said it honestly and straightforward — if you take the four plans that are in it this year and next year and it's going to be 4.5 percent," Dayton told reporters following a campaign stop…Republican challenger Jeff Johnson, however, wasn't letting up on his criticism that Dayton's people low-balled the 2015 increases. The claims were bolstered in recent days when outside analysts suggested that a properly weighted average calculation would put the increase at more than 10 percent… Johnson, who's been pushing to make MNsure a campaign issue, said the exchange's botched rollout and costs have been a disaster for Minnesota and that Dayton is "lying" about the size of the cost increases for 2015.” READ/LISTEN: http://bit.ly/1twWGxa
 
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FIREARMS: via RT, VERBATIM: “A difference of opinions between a lawful gun owner and a concerned neighbor has caused a commotion in Rochester, Minnesota over the rights protected by the First and Second Amendments to the United States Constitution. The debate at hand involves a local woman’s recent decision to post a sign on the front lawn of her Rochester home announcing to passersby that an area man, Matthew Halleck, carries a concealed handgun on him every day when he walks his two daughters past her property on his way towards Harriet Bishop Elementary School. Local network ABC 6 reported earlier this month that Halleck has a state-issued permit to carry the gun, and Minnesota’s relatively relaxed firearm laws allow lawful residents to carry such weapons nearly everywhere but schools with few restrictions… Yet while Halleck insists the gun is for protection, Rochester resident Kimberly Edson says it rubs her the wrong way.”  READ: http://bit.ly/1D3tOwe
 
MANUFACTURING: via Minnesota Business, Gray Plant Mooty on issues faced by manufacturers:  Steven Kutscheid, co-chair of the firm's mergers and acquisitions group, talks about challenges in the industry”  WATCH: http://bit.ly/1zn3kti
 
DATATHEFT: via Dean LeDoux at Gray Plant Mooty’s The Modern Workplace, VERBATIM: “In our modern, ever-electronic, workplace, it continues to become ever-easier for dishonest employees to help themselves to their employer’s most sensitive and valuable assets through wholesale electronic copying of confidential, proprietary, and trade secret information. A recent example is a case of a former employee of a large medical device company who was recently indicted for criminal charges for stealing, via a thumb drive, the company’s trade secrets regarding the design of a balloon-catheter system. According to the indictment, the employee then left his employment and began trying to launch a new business selling the medical device (for which he supposedly owned the underlying technology). These days, few things present as big of a threat to companies as a tiny thumb drive… Although the matter of misappropriation/theft of trade secrets has been addressed for quite some time by laws enacted at the state level, with 47 different states adopting versions of the Uniform Trade Secrets Act, including Minnesota, that topic is also now receiving serious attention at the federal level. There is no currently existing federal law that directly addresses the issue of misappropriation of trade secrets, although some federal laws do touch on the issue peripherally. Although Congress has kicked around the possibility of a federal statute over the last few years, the current developments regarding the possible Trade Secrets Protection Act of 2014 represent the farthest advancement to date of a possible federal trade secrets law. In the meantime, careful employers would be well served to give some thought as to how much harm they might suffer at the hands of an unscrupulous employee.”  READ: http://bit.ly/1DFk3GW  (SPONSORED:  Larson Security)
 
APPRAISAL: via ReelLawyers, Minneapolis employment law attorney Stacey DeKalb, chair of Lommen Abdo's employment practices team, discusses how employers can implement a performance appraisal system.  WATCH: http://bit.ly/1FKo52I  (SPONSOREDMinnesota CLE)

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About Business Take- In the era of Twitter, Facebook and the 24-hour, minute by minute news cycle business take was the most requested new publication by readers of morning take.  It is designed to be a short, quick read for Minnesota opinion leaders and executives.. The goal of business  take is not to aggregate much news of the day, but rather preview the day ahead and help crystallize or foreshadow items on the horizon  I will be transparent about when clients are included, or if I am involved in some event.   Please provide tips and constructive feedback. thanks - blois

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