Vixar, which makes components for laser sensors, will use the money to increase its production.
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Minnesota's attorney general, which sued Accretive Health for allegedly breaching privacy laws, has now accused the company of using aggressive-and sometimes illegal-methods for collecting money from Fairview hospital patients. The company says the allegations are inaccurate, and it is asking a judge to dismiss the lawsuit filed against it.
The funds will be used for intellectual property costs and to prepare for clinical trials that will bring the company one step closer to gaining regulatory approval for its first product-which was designed to reduce the risk of life-threatening, catheter-related infections in hemodialysis patients.
Gail Boudreaux of Minnetonka-based UnitedHealth Group and Juliana Chugg of Golden Valley-based General Mills were identified as likely contenders to lead a Fortune 1000 company within five years.
Inter Savings Bank was closed by regulators; its deposits and "essentially all" of its assets have been acquired by Missouri-based Great Southern Bank.
Jennifer Rutherford of San Jose, California, admitted to creating shell companies that sold non-existent marketing merchandise to Medtronic, thereby defrauding the company of at least $2.1 million.
The acquisition includes the light construction and "hardscape" product assets of New York-based Stone Construction Equipment, Inc.
Companies that participated in Bloomington-based TenKsolar's recent round of financing include South Korea-based Hanwha Corporation and European venture capital firm ESB Novusmodus.
Two-thirds of the finalists for this year's Ernst & Young Entrepreneur of the Year award for the Upper Midwest are leaders of Minnesota-based companies.
The competing OverDrive e-book lending service allows local library patrons to borrow digital titles for their own devices-but the new 3M Cloud Library system lets St. Paul library visitors check out an e-reader device, as well.
The Vikings stadium proposal continues to transform as it progresses at the state capitol, and the addition of "racinos" as a funding source has added a new layer of complexity.
The company claims that the contract agreed upon recently with its union workers in Montana is similar to the one that was offered to 1,300 workers from other states who are currently locked out-but a representative of the locked-out workers says otherwise.
The grants will result in the addition of 1,246 housing units and help create about 2,000 jobs, according to the Metropolitan Council.
The buyer-California-based Cosmi-claims that it is now the United States' second-largest retail publisher of personal computer games and the largest retail publisher in the value software category.
8thBridge's new Graphite platform allows consumers to interact with brands and products in new ways through Facebook; for example, marketers can use customized buttons to extend beyond Facebook's built-in "like" function to include words like "want," "love," "need," or "own."
Ice Cube, who claims to "make a mean cup of coffee," told food magazine Bon AppŽtit that his morning routine includes waking up at 5:30 or 6 a.m. and enjoying either Peace Coffee or Starbucks.