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Developer Trooien's Bankruptcy Exit Plan Approved
U.S. Bankruptcy Judge Nancy Dreher on Thursday reportedly approved Jerry Trooien's reorganization plan through which creditors will receive about $7.7 million-a fraction of the $90 million that is owed to them.
MN Nonprofit in Running for $50K Innovation Prize
Twin Cities Rise! is one of 15 semifinalists selected from a pool of roughly 900 entries. It's recognized for its pay-for-performance model, through which the organization receives funding in exchange for meeting benchmarks and tracking participant success.
U of M Study: Chance Puts Wealth in Hands of a Few
But surprisingly, wealth concentration bears no relation to average growth within an economy, researchers found.
Gen. Mills Works to Up Share of Greek Yogurt Market
According to the
, General Mills is mounting new offensives, including adding yogurt-making capacity and launching a new ad campaign, to help it compete in the rapidly-growing Greek yogurt segment.
MN Employers Foresee Increased Productivity, Hiring
More than 300 business leaders expect that employee productivity will increase by September 30, according to a survey conducted by
Twin Cities Business
Mpls Ad Firm Creates Song, Dance for Penguin Exhibit
Clarity Coverdale Fury's work for the Minnesota Zoo's new penguin exhibit brings together local talent for a multi-faceted advertising campaign featuring a song and dance, a television commercial, a music video, radio ads, and more.
Mpls. Design Shop Makes Absolut Vodka Bottle Design
Aesthetic Apparatus was selected to create an original bottle design that is featured in a new television commercial and larger advertising campaign for Absolut Vodka.
Mpls. Initiates $23M in Cuts After Losing State Aid
Under the agreement signed by Governor Mark Dayton to end the state shutdown, the City of Minneapolis will lose $23 million in government aid.
Plans Progress for Former Jaguar Site in Downtown
Plans for the former Jaguar dealership in Minneapolis include a six-story luxury apartment building and a 37,500-square-foot grocery store, according to a report by
Finance & Commerce
Proto Labs Files for IPO, Expects to Raise $100M
The Maple Plain-based maker of custom mechanical parts-which reported $64.9 million in 2010 revenue-will use the net proceeds from its offering for "working capital and general corporate purposes."
2 Locals Charged in Multimillion-Dollar Mortgage Scams
Derrick Lance is charged for his alleged role in a $20 million mortgage fraud scheme involving 57 properties. Lindsey Rae Loyear, meanwhile, was charged on Friday for her role in a mortgage fraud scheme involving the Cloud 9 Sky Flats development in Minnetonka.
Co-op American Crystal May Lock Out 1,300 Employees
The Moorhead-based co-op and the union representing its workers can't agree on a new labor contract-and the company says that it will lock out workers if an agreement isn't reached by Monday.
Despatch Industries Purchased by Illinois Company
Terms of the deal, which was announced Monday, were not disclosed.
St. Jude Takes Over Terminated Medtronic Contract
The Upper Midwest Consolidated Services Center announced that is has awarded a one-year contract to St. Jude-a deal that replaces an agreement that Medtronic terminated earlier this year.
Star-Studded Starkey Gala Raises $7.2M
The Starkey Hearing Foundation raised $7.2 million at its annual event-which attracted more than 1,600 guests, including celebrities like Bill Clinton, Miley Cyrus, and Kevin Costner.
WI Pursues SheerWind; Co. Interested in Osceola
Wisconsin officials have met with SheerWind executives in recent months in an attempt to get the Chaska-based start-up to bring its wind farms that are in the works-and related jobs-to the state.
2011 Angel Tax Credit Funds Likely to be Gone by Year's End
Between January and Wednesday, $9 million of the nearly $16 million available in 2011 credits had been allocated to investors that have funneled money to Minnesota companies; the angel tax credit program coordinator thinks the entire allotment of state money will be gone by year's end.
CoCo Launches Weekly "Hackathons" in Mpls.
Hackathons will bring together creative thinkers each week at CoCo's new Minneapolis location to glean ideas from one another and stay on the cutting edge of digital technology-while also attempting to find solutions to real-world problems.
Enventis Launches $24M Rural Broadband Project
Enventis said that its new fiber-optic network will expand high-speed Internet access in rural parts of the state-allowing for economic development opportunities, increased adoption of telemedicine, and better connections to state and local government offices.
Ex-BP CEO Might Oversee Safety at MN Mine
Tony Hayward, the top executive at BP during the catastrophic oil spill in the Gulf of Mexico, may be heading to northern Minnesota to oversee safety at the proposed PolyMet mine.
88 MN Post Offices On List of Possible Closures
The U.S. Postal Service, which lost $8 billion last year, on Tuesday released a list of more than 3,600 offices, branches, and stations around the nation that are being reviewed and could be shuttered.
Customer-Interaction Tech. Co. Gets $900K in VC
Workface, which aims to help companies market and sell their products and services, has raised more than $2.5 million since its inception in 2007.
GiveMN.org Launches Video Contest for Donors
The winner of the contest, "Does this make my heart look big?", will receive a new MacBook Air laptop and will have his or her video featured on the "Give to the Max Day" homepage in November.
Greco to Give Free Rent for 1 Yr. in Uptown Apt.
The Minneapolis company will give away key cards at the Uptown Art Fair to those who "like" its newest resort-style apartment complex on Facebook; one person's card will unlock a year of free rent that's valued at $20,000.
Local Comm. Real Estate Shows Signs of Slow Recovery
Mid-year data from NorthMarq shows that the vacancy rate for all property types in the Twin Cities is down, but the road to recovery still appears long and slow.
Metro Transit Ridership Up 3.2% in 2011, 6% in June
Metro Transit General Manager Brian Lamb said that if the pace keeps up, 2011 could surpass 2008 for record ridership.
Minnesota Leads Region in Health Care Investments
According to a study by BioEnterprise, health-care start-ups in Minnesota received $88.3 million in investments in the first half of 2011, the most of any state in the region.
MN Co's Truck Gets Spotlight in Transformers 3
A fire truck by Rosenbauer America of Wyoming, Minnesota, is featured in the new action flick.
Parasole Chef, MN Students Win Nat'l Food Contest
A group from South Education Center Alternative in Richfield and Chef Todd Bolton of Parasole won the Recipes For Healthy Kids Challenge, a nationwide competition launched last September as part of the Let's Move! campaign; more than 300 recipes were entered. />
Recently Charged Petters Associate Pleads Not Guilty
James Fry, a 57-year-old man from Orono who was indicted last week for several fraud charges relating to Tom Petters' multibillion-dollar Ponzi scheme, has reportedly pleaded not guilty.
U of M Licenses Technology to Online Gaming Start-up
Ninja Metrics has developed software that is aimed at helping online game creators identify players' psycho-social motivations and take action to help ensure enhanced user experience.
UHG Offers Solutions to Rural Health Care Challenges
The Minnetonka-based health insurer points out that rural areas face more challenges in receiving high-quality health care, but it says that increased use of technology and other solutions could help better serve less-populated areas.
3M Sues Distributors, Alleges $2.5M Fraud
3M claims that Universal Medical Distributors submitted false information that caused them to illegally collect more than $2.5 million.
Allete of Duluth Launches Clean Energy Subsidiary
The new company plans to acquire or develop clean energy projects and is initially targeting capital projects in the range of $50 million to $150 million.
DEED Grants $1.5M to Aid Laid-Off MN Workers
A total of $1.5 million has been awarded through the state's Dislocated Worker Program to help aid Minnesotans who were recently laid off and are looking for employment.
Ecolab, Gen. Mills Among "World's Most Innovative Cos."
list based its rankings on several company growth and value factors, along with a score that measures "innovation premium"-how much investors bid up the stock price beyond the value of a company's existing business in anticipation of future innovative results, like new products, services, and markets.
MSP Airfare Up 9% From '10, Among Most Expensive
The average domestic airfare from the Minneapolis-St. Paul International Airport was up 9 percent in the first quarter from last year, ranking it the 11th-most expensive airport in the nation.
St. Paul Engineering Firm Bonestroo to be Bought
The St. Paul-based engineering firm, which is among the state's largest, is set to be acquired by Canada-based Stantec; Bonestroo employees are expected to be retained, and most of the firm's 11 offices will remain open.
Best Lobster Rolls
Smack Shack’s rule in the Twin Cities and in the U.S.
Cargill Joint Venture to Invest $20M in IN Facility
Cargill AgHorizons and Agrex, Inc., are launching a 50-50 joint venture called AC Grain, LLC, which will own and operate a Cargill grain elevator in Indiana.
Deja Vu?-August 2011
The debate over where the Vikings should play revives a familiar plan for a sports and entertainment corridor near Minneapolis’s North Loop. Bruce Lambrecht, one of Target Field’s earliest and most controversial advocates, believes his ideas can win again.
Little Green Apps
The Weidt Group, a pioneering energy usage consultancy, has created mobile applications to help clients develop energy-efficient buildings.
Rick's Buys Schiek's, Renamed The Downtown Cabaret
Downtown Minneapolis strip club Schiek's has been bought by the owner of competitor Rick's Cabaret, and it has been renamed The Downtown Cabaret.
Rosenstone Takes Over as MnSCU Chancellor
Steven Rosenstone succeeds James McCormick and serves as the fourth chancellor of the university system.
Seeding a New Neighborhood for Entrepreneurs
CoCo and Project Skyway plant a flag for new ventures at the Grain Exchange.
Selling It-Nature Calls.-August 2011
Colle & McVoy Answers with Step-by-Step Instructions.
Special Focus-Memorable Events-August 2011
Twin Cities–area meeting planners create stunning events that serve corporate and institutional clients.
Spotlight-Stories in the Stones-August 2011
Online retailer Stauer turned replica jewelry and watches into a $200 million business.
Starters-Building a Better Beer Bike-August 2011
Besides a stereo system with iPod input, purse hooks, storage compartments, and in-floor coolers, the City Cycle has customizable ad space on the front, rear, and canopy.
Starters-Is Minnesota a Bioscience State? -August 2011
Business worries that politics will get in the way.
Starters-The Mootys Revive Faribault Woolen Mills-August 2011
The Mooty family, including Chuck Mooty, former CEO of International Dairy Queen, has closed on the purchase of Faribault Woolen Mills.
The Man-Cession Leads to a Guy-Covery
Is the economic recovery benefiting more men than women?
Three Minnesota Companies Define Manufacturing
What’s the future in manufacturing? Three Minnesota companies define it.
Zygi Wilf Plays The Game-August 2011
Throughout his real estate career, he has preferred to stay in the backfield. Getting a new stadium deal has pushed him onto the rough and raucous gridiron where sports and politics do fierce battle.
American Crystal Locks Out 1,300 Workers
Ninety-six percent of union workers reportedly voted Saturday to reject the company's labor contract offer; replacement workers started Monday morning, and no new negotiations have been set.
Best Buy Launches "Deal of the Day"
The electronics giant is using e-mail, text messaging and social media to alert customers about the deals, which will last until midnight or until inventory is gone; the first deal was offered Monday.
Boston Sci, Medtronic Weigh In on Possible FDA Changes
Following a harsh review of the FDA system under which most medical devices are approved for market, Boston Scientific said that it "believe[s] in the strength of the 510(k) process," and Medtronic said it supports regulatory changes that are "in the best interest of patients, including ensuring that innovative therapies reach the market."
Central Corridor Businesses: Loans Aren't Enough
The amount available in loans for businesses that are adversely affected by the construction of the Central Corridor light-rail line was boosted to $4 million in April, but some say it's not enough; however, only 13 of the roughly 550 businesses that qualify for a loan had applied for one as of August 1. />
Comm. Systems Buys U.K. Telecom Product Maker
The Minnetonka-based network solutions provider said that its acquisition of Patapsco Designs Limited will allow it to offer new architectures for broadband delivery.
Forbes: Lauderdale, MN a Top Suburb for Retirement
Lauderdale, Minnesota was found to be one of the best suburban retirement options in the nation due to its location, home prices, nearby hospitals and colleges, and low crime rate.
Former Maplewood Brokerage Owner Charged with Fraud
Chad Wegscheider reportedly is accused of conspiring to commit mortgage fraud related to the conversion of apartment buildings into condominiums.
Local Trucking Co. Owner Pleads Guilty to Fraud
Marlon Danner admitted that he talked truck drivers into returning state-mandated settlement money that they received because he underpaid them when working on a federally funded project.
Locals Vote on Which Historic Places Get $1M Grant
The Partners in Preservation program will allow Twin Cities residents to choose which of 25 local historic sites should receive $1 million in preservation grants.
Minntech Parent Co. Pays $100M For Texas Med. Co.
Byrne Medical, which has about 200 employees and annual sales of $38.6 million, will become a division of Minneapolis-based Minntech Corporation-a subsidiary of Cantel Medical Corporation.
Apnex Gets FDA OK for Sleep Apnea Device Trial
The St. Paul company received approval to start a clinical trial to evaluate the safety and effectiveness of a product designed to treat obstructive sleep apnea.
Moody's Downgrades MN Outlook to Negative
Moody's downgraded its outlook for Minnesota's debt, although it affirmed its actual rating for the state, which remains one step below the agency's top rating.
Mpls. Receives Apartment Pitches for Grain Belt Site
Four development projects were pitched for the historic Grain Belt site in northeast Minneapolis.
Plymouth Teen Wins Nat'l Investment Essay Contest
Recent Wayzata High School graduate Jack Alexander won a trip to the financial capital of the United States, New York City, for his winning essay about how he'd invest $100,000.
Project M Development Proposed for North Loop
A proposed development project may bring a new hotel, retailers, and an entertainment center to Minneapolis' North Loop neighborhood.
Sun Country Purchase Price, $34M, Revealed
The airline's purchase price was previously undisclosed, but recent court documents revealed that the company was sold for about $10 million more than the minimum bid price.
Welsh Property Trust Acquires Building in Indiana
Welsh Property Trust has purchased a 741,092-square-foot industrial building located in the Indianapolis suburb of Plainfield, Indiana.
Dairy Queen to Open First Guatemala Locations
Dairy Queen and managing franchisee Grupo Buen Rollo are set to open a group of 15 stores in Guatemala starting in October.
FDA in MN: Scrapping 510(k) May Not Be Necessary
Following a harsh review that concluded that a new framework is needed for the FDA's most common medical device approval process, the agency's officials told local industry leaders that the process needs some "fine-tuning" but shouldn't necessarily go by the wayside.
Marketing Comm. Co. Brandspring Bought by WI Printer
The Minneapolis-based firm's longtime owner and president, Dave Maiser, wanted to sell as he nears retirement; he chose The Marek Group after receiving three acquisition offers.
Medtronic Pays Yale to Review Controversial Bone Product
Yale will assemble a panel of 12 to 15 experts and commission two clinical research organizations to analyze data and review the safety and effectiveness of Medtronic's Infuse product, which has come under scrutiny in recent months.
MN Cos. Invited to Join South Korea Trade Mission
The Minnesota Trade Office is organizing a trade mission this fall to South Korea-one of Minnesota's fastest-growing export partners-and it is asking local companies to apply by August 12 to take part in the trip.
MN Cos. Like Bioplastics But Lack Market Resources
Minnesota manufacturers want to incorporate sustainable processes and products into their operations, but they need to gain a better understanding of the market opportunities, according to a new report from the Agricultural Utilization Research Institute.
MN Firm Accused of Scamming 200 Homeowners
The Minnesota Department of Commerce alleges that Modify My Loan US began operations in Minnesota without a license, used false advertising, didn't disclose its poor financial condition to customers, charged fees for services that weren't actually provided, and failed to issue promised refunds.
MN Game Co. Lands Star Wars Licensing Rights
Fantasy Flight Games already has a
card game and a miniatures game featuring X-wing spaceships in the pipeline-and it's promising more products under the popular franchise.
Salmonella Threat Prompts Cargill Turkey Recall
Two days after the Centers for Disease Control and Prevention announced a multi-state outbreak of salmonella that has resulted in one death and made dozens of people sick, Cargill issued a recall of about 36 million pounds of ground turkey due to possible contamination.
Target Sales Up in July, Beat Wall Street
Analysts polled by Thomson Reuters had predicted a 3.7 percent jump in the retailer's same-store sales-a key industry barometer-but the company reported a 4.1 percent rise.
UHG's OptumHealth to Acquire Connextions
OptumHealth and its parent company, UnitedHealth Group, are set to acquire health care industry service provider Connextions.
MN CEO Charged, Allegedly Sold Fake Sports Jerseys
Steven Jensen and his Plymouth company, Vintage Sports Authentics, allegedly auctioned off jerseys that they claimed were worn by Major League Baseball stars but were actually fakes.
U Discovery May Greatly Reduce Food-Borne Illness
In the wake of a significant Cargill food recall, the University of Minnesota has discovered a natural lantibiotic that could be used to preserve food and to kill harmful bacteria that cause food-borne illnesses.
Wind Rotor Co. Suzlon Fined $490K for Polluting
Suzlon Rotor Corporation reportedly reached a consent agreement with the Minnesota Pollution Control Agency under which it will correct various manufacturing problems; the agreement detailed air quality, hazardous waste, solid waste, and storm-water runoff handling violations.
Multiband Stock Jumps, Falls on News of Possible Sale
On news that the company had received an unsolicited buyout offer, its stock price soared 23 percent during one of the worst days the market has seen in recent years; but its stock dropped the next day when the company said it was not for sale.
ObjectFX Bought by Private Equity Firm
The geospatial technology provider has been bought by a group of private equity investors from Alexandria, Virginia.
2 Local Buildings Get Nod for Affordable Housing
A building in Minneapolis and a building in St. Paul were selected as finalists in a ranking of the nation's top affordable housing projects-and both were recognized in the historic rehabilitation category.
After Food Successes, Caribou Debuts Grilled Cheese
Caribou's breakfast sandwiches caught on after they debuted earlier this year; now, the coffee retailer is launching grilled cheese sandwiches for lunch.
Best Buy Kiosks Expand to CA, College Campuses
The electronics retailer's kiosk business has opened 150 locations within the past three years and has plans to open 100 more, including some in Anaheim, California's Downtown Disney District and on various college campuses.
Carmichael Lynch Chief Creative Officer Exits Role
Jim Nelson has left his role as chief creative officer of the company, but he will continue to work with Carmichael Lynch on a contractual basis.
Construction Begins on New Theater in City Center
Hennepin Theatre Trust has moved into new offices in downtown Minneapolis, and construction of the New Century Theatre begins in full force on Friday.
Dayton Requests Fast Review of Arden Hills Proposal
The review, which Metropolitan Sports Commission Chairman Ted Mondale thinks will take 30 to 40 days, could pave the way for a special legislative session to address the proposal this fall.
Developer Bradley Hoyt's Loring Park Plans Approved
Last month, the Minneapolis City Council was ordered to rehear Bradley Hoyt's request for a permit for a proposed development project; the council approved it on Friday.
Honeywell Exec to Become Apogee's New CEO
Apogee Enterprises has selected Joseph F. Puishys to replace its 13-year CEO, Russ Huffer, who announced in January that he would retire after a successor was named.
Knowledge Marketing Grows, Moves to Bigger HQ
The company plans to add 12 staff members within the next year as it expands geographically and continues to add clients to its roster.
Minnetonka-based PeopleNet Acquired by Trimble
PeopleNet, which provides mobile communications systems for the trucking industry, was sold by Norwest Equity Partners to California-based Trimble Navigation Limited.
MN Co. to Pay $278K for Hazardous Waste Violations
St. Paul-based plastics manufacturer Interplastic Corporation has agreed to pay a $15,000 civil penalty and spend $263,800 on environmental projects and upgrades for alleged environmental violations at its Minneapolis and Vadnais Heights plants.
MN Cos. Feel Impact of Stock Market Plunge
The U.S. stock market plummeted on Monday, hitting its lowest point since the peak of the recession in 2008. And Minnesota companies were hit particularly hard.
Olson Makes Interactive Ads for Target's Missoni Line
The local ad shop made interactive videos and other components of a new advertising campaign for Target's partnership with Missoni.
Real Estate Exec Gets Max Sentence For $1.2M Fraud
Cynthia Strand was sentenced Friday to more than five years in prison for misappropriating $1.2 million through various real estate transactions.
Twin Cities Lead Nation in Volunteerism
In 2010, the Minneapolis-St. Paul metro area ranked first for volunteerism among large U.S. cities for the fifth consecutive year-and Minnesota ranks third among all 50 states and Washington, D.C., when it comes to volunteerism.
U.K. Official Admits to Meeting with Porton CEO
U.K. Defense Secretary Liam Fox admitted to
that he met with Porton Capital CEO Harvey Boulter before Boulter allegedly tried to extort $30 million from 3M Company to settle a pending lawsuit.
Hempel Sells Plymouth Retail Center for $20M
Hempel sold the Rockridge Center to Recency Centers, which also recently purchased the Calhoun Commons shopping center in Uptown Minneapolis.
Iron-Ore Co. with Cargill Tie Inks Power Deal
Magnetation, a company with new technology for producing iron from used ore, recently entered a joint venture with Cargill and plans to open its new plant in northern Minnesota in May.
MN Woman Sentenced for Embezzling $421K from Allianz
Kimberly Swenson of Shoreview was sentenced to one year and one day in prison after pleading guilty to one count of mail fraud.
Best Buy, Deluxe Among Top Green Power Purchasers
The U.S. Environmental Protection Agency recognized numerous Minnesota-based companies through its Green Power Partnership program, which encourages organizations to buy green power.
Ex-Wells Fargo Loan Officer Gets 13 Mos. for Fraud
Maple Grove resident Larry Gene Hillard, who participated in 12 fraudulent transactions in 2007 and 2008, was sentenced Tuesday for his role in a $4.3 million mortgage fraud scheme.
Gov't Knew About Salmonella in Cargill Meat
Salmonella was discovered at Cargill's Arkansas plant last year and at stores earlier this year through routine government inspections-long before the company's August 3 recall of 36 pounds of ground turkey-but federal rules don't allow a recall to be issued until meat is directly tied to an illness or death.
Is the U Too Administration-Heavy? Review Underway
There is some disagreement about whether the University of Minnesota has too many administrators-and claims that there are prompted the University Senate Committee on Finance and Planning to conduct a review of vice-presidential units, which will be completed in the coming weeks.
Mayo's High-Tech "Health Experience" Opens at MOA
Mayo's new store at the Mall of America gives mall-goers a chance to learn more about health and wellness-and it allows Mayo to gather input from visitors that will influence its plans for a permanent facility at the mall.
MN Stocks Continue on Wall Street Rollercoaster
After the Dow fell 635 points on Monday, rose 429 points on Tuesday, and fell 520 points on Wednesday, the markets gained some ground on Thursday morning.
Mpls. Cuts Firefighters, Looks to Reserve Account
Minneapolis leaders have proposed transferring $1.75 million from the city's contingency account to help mitigate the effects of cuts to state aid-including the need for layoffs.
Mpls./St. Paul: Most Playful Metro in U.S.
The Twin Cities have been ranked as the most playful metro area in the United States, largely due to the health and happiness of residents-most of whom were found to be socially and emotionally satisfied with their lives.
RedBrick Raises $5M, Prepares for More Growth
The company, which works with employers to design customized wellness programs and incentives, has raised $60 million in venture capital investment since 2006 and intends to eventually go public.
St. Jude Inventor to Head U's Device Innovation Pgm.
Saurav Paul, who has worked at St. Jude Medical for the past nine years, will become the director of a University of Minnesota program that develops and tests ideas for new medical devices.
State Fair Admission Up; Pre-Fair Tix Unchanged
The Great Minnesota Get-Together has raised at-the-gate prices by $1 for adults and $8 for children.
Viking Percy Harvin Joins Shock Doctor Team
Minnesota-based mouthguard maker Shock Doctor said that Percy Harvin will wear its products and serve as an advisor to the company.
Wells Fargo Hiring 174 at Shoreview Office
Over the next two months, the company will hire about 174 telephone banking customer service representatives for its Shoreview customer contact center.
Faegre in Merger Talks With Indianapolis Law Firm
Faegre & Benson, one of the state's largest law firms, is exploring the possibility of combining with Baker & Daniels; a vote on the possible merger isn't expected until the fall.
Regional Effort Aims to Lure Nanotech Biz
A proposed regional nanotech center called NanoVox would work to connect researchers and entrepreneurs from throughout the Midwest.
Rybak Pitches 2 Percent Property Tax Levy Hike
The mayor's proposed property tax levy increase is the smallest hike he's delivered while serving as mayor and is lower than the increase that was previously projected for the 2012 budget.
Brooklyn Park Man Guilty in $5.1M Mortgage Fraud
Eric Devon Bernard, the last of three defendants to be found guilty in connection with a 2006 fraud scheme, worked with others to fraudulently obtain loan proceeds in connection with the sale of seven residential properties in the Twin Cities metro area.
Coleman Calls for 6.5% Property Tax Levy Boost
The St. Paul mayor's proposed budget includes $6.2 million in cuts to city departments and a 6.5 percent boost to the city's property tax levy.
Jim Lupient of Lupient Auto Group Dies at 76
Local car dealer Jim Lupient, who built his first store, Jim Lupient Oldsmobile, in 1969, went on to found Lupient Automotive Group-which today operates dealerships throughout the Twin Cities.
MN Gets $4.2M for Health Insurance Exchange
The exchange will allow consumers to compare and buy health insurance.
MN Revenue Collections Down $16.2M During Shutdown
A halt in lottery ticket sales and laid-off tax auditors reportedly took their toll on the state's receipts.
U of M Researchers Find Gender Bias on Wikipedia
Significantly fewer females than males edit and post content to the popular online information source-which, in turn, has less coverage of topics that may be of particular interest to women, according to new findings.
Wild Tickets Sold Earlier, Dynamic Pricing Follows
The Minnesota Wild will begin selling single-game tickets on August 20, sooner than its standard September sale date; remaining tickets will be subject to dynamic pricing beginning on October 1.
Canterbury: Trouble Recouping Losses from Shutdown
Canterbury CEO Randy Sampson expects the estimated $3 million loss in revenue attributable to the state government shutdown to have an adverse effect on third-quarter and full-year financial results-and he suspects that added races and other efforts to recoup those losses will only recover "a relatively small portion-less than half."
Cargill to Buy Animal Nutrition Co. for $2.16B
Cargill made a binding offer to purchase Netherlands-based animal nutrition company Provimi.
Caribou's Largest Shareholder to Sell 29% Stake
Arcapita Bank, B.S.C., is offering 5.15 million shares of common stock through a public offering and will grant the underwriters an option to purchase up to 772,245 additional shares to cover over-allotments.
Five MN Cities Among "Best Places to Live"
The southwest Twin Cities suburb of Chanhassen was named the 10th-best small U.S. city in which to live by
magazine; Arden Hills, Lino Lakes, Savage, and Shoreview also made the top 100 list.
Minneapolis to Test One-Sort Recycling
A pilot program will evaluate single-sort recycling in two Minneapolis neighborhoods for consideration in future operations.
MN Approves Change to Tuition Reciprocity with WI
Under the new agreement, Wisconsin students attending college in Minnesota will have to make up the difference between Wisconsin
s and Minnesota's resident rates-a cost that was previously covered by the State of Wisconsin.
Network Pairing Start-Ups, Investors Launched Tues.
The Minnesota Angel Network, which plans to enroll at least 30 companies this year, will prepare entrepreneurs to interact with angel investors and then connect the two groups through an online portal.
Obama, Other Leaders to Speak at Convention in Mpls
The president and many other political leaders will address the attendees of The American Legion's largest annual convention, which is expected to attract an audience of more than 10,000.
Ameriprise Sells Troubled Brokerage Unit for $150M
Miami-based Ladenburg Thalman Financial Services has agreed to buy the company's Securities America brokerage unit-for which Ameriprise paid $150 million or more to settle legal claims that it previously faced.
Google Joins the Growing MN High Tech Association
A spokesman for the Minnesota High Tech Association said that Google hasn't revealed substantial plans for the state-but the company is looking to collaborate with Minnesota tech companies.
Shareholder Asks Regis to Cut Costs, Sell Some Assets
Starboard Value LP, which owns about a 4.4 percent stake in Regis, asked Regis to dramatically cut operating expenses, sell its non-core businesses, and return focus to its core salon business in North America; Regis said it is "always open to ideas that can create shareholder value."
3 MN Cos. Make National "Best Places to Work" List
Three Minnesota companies-Colle+McVoy, Carmichael Lynch, and Quality Bicycle Products-were recognized on
magazine's "Best Places to Work" list for fostering an outstanding work-life balance.
Bill Clinton Next Political Celeb. to Speak at MN Event
Former U.S. President Bill Clinton will be the keynote speaker at the Minneapolis Heart Institute Foundation's Spirit of the Heart gala in October.
CA Product Development Firm Opens MN Office
The company hopes to tap the local medical device industry and expand its client base in the area.
Entellus Medical Raises $35M in Venture Capital
The company will use the new funds to commercialize its products, which use balloon catheters to clear blocked sinuses.
FICO Loses Appeal, Credit-Score Range Trademark
An appeals court upheld an earlier ruling from a U.S. District Court, which found that the Minneapolis-based credit-scoring company's competitors did not infringe on its trademarks.
Gov't Shutdown Ups July Unemployment Rate to 7.2%
Minnesota lost 19,800 jobs last month, prompting the unemployment rate to rise; however, the July jobless rate was calculated during the period when 22,000 state workers were out of work as a result of the government shutdown-so the figure is distorted.
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