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B2B Tax Repeals Off The Table During Special Session

State lawmakers could not come to an agreement on the business-to-business tax repeals that should be discussed, so only disaster relief will be dealt with during the special legislative session.

Ex-Bixby CEO, Sleep Number Inventor Arrested Again

Already charged with 20 counts of conspiracy and fraud, the founder of Select Comfort is now being accused of witness tampering.

Bill McGuire Buys Up The Neighborhood

The former UHG CEO is a land collector.

Hubbard Backs New Senate Candidate Opposing Franken

Several months after local businessman Michael McFadden announced plans to run for the U.S. Senate, a Duluth attorney has joined the race with the support of Stanley Hubbard.

Med-Tech Co. Medafor Sold For $200M

Minneapolis-based Medafor, which develops medical devices used to control bleeding, is the second Twin Cities med-tech company purchased by C.R. Bard, Inc., in recent years.

State Doles Out $2.8M In Grants To Aid Small Cos.

Eleven different groups that support new businesses will receive between $84,000 and $450,000 in two-year grants.

Minneapolis Mayor Rybak Proposal: Cut Property Taxes By 1% In 2014

Although Mayor Rybak is not seeking re-election in November, he laid out some long-term proposals for Minneapolis in his final budget speech.

MN Adds 4,300 Jobs In July, Jobless Rate Unchanged

While Minnesota’s unemployment rate remained unchanged, the state added 4,000 government jobs, an increase that a state official said may have been driven by increased funding.

Warren Buffett Ups U.S. Bancorp Holdings By 27%

Berkshire Hathaway increased its stake in U.S. Bancorp to more than 78 million shares at an average price of $34.31 during the second quarter, according to a regulatory filing released Thursday.

AOL Cuts Hundreds Of Patch Jobs; MN Impact Unknown

The online news provider has 25 websites in Minnesota, and it’s unclear whether they will be among the 400 nationwide that will be sold or closed down.

Med-Tech Firm Names New CFO After Internal Investigation

Uroplasty’s former chief financial officer retired after the company investigated issues regarding internal financial controls; Brett Reynolds will now take over the role.

Mayo Clinic Promotes Jeff Bolton To Chief Admin. Officer

Jeff Bolton, who has served as chief financial officer of the health system since 2002, will succeed longtime Mayo executive Shirley Weis as chief administrative officer.

Shareholder Lawsuit Against Best Buy Moves Forward

A group of Best Buy shareholders argue that false statements made by the company’s executives caused its stock to rise artificially before abruptly dropping 14 percent months later when the company lowered expectations.

Crowded Minneapolis Mayoral Ballot Likely To Have At Least 23 Candidates

18 candidates already are vying for the top job at Minneapolis city hall, with more expected to sign on before the filing deadline Tuesday.

Buffalo Wild Wings Ups Profits, Plans Pizza Chain In Mpls.

CEO Sally Smith said the company plans to have PizzaRev open a Minneapolis location by the first quarter of next year.

Xcel Reports Higher Profits; Hearing Held Over City Utility

The Minneapolis City Council met Thursday to discuss forming a city-owned electric utility, but the Xcel Energy CEO is confident the city won’t make the transition.

Minnesota Monthly Publisher Sold To Detroit Media Group

President and Publisher Steve Fox has retired after 25 years spent leading Greenspring Media Group, and the company has been sold to a Detroit publishing company.

Who's Behind Duluth's Businesses?

A look at several Duluth businesspeople.

Best Buy Appoints New Exec. To Lead Geek Squad

Chris Askew now oversees Best Buy’s Geek Squad and reports to CEO Hubert Joly.

Supervalu CEO Taps Former OfficeMax Colleague As CFO

A former OfficeMax executive is set to replace 26-year Supervalu veteran Sherry Smith as chief financial officer, effective August 7.

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