A federal jury in Minneapolis reportedly awarded $16 million to 26 banks that had loaned funds to a businessman behind famous "boy bands," like the Backstreet Boys and 'N Sync, who is now serving time for his role in a Ponzi scheme.
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Thirty former associates of Tom Petters have reportedly agreed to pay $8.5 million to settle "clawback" lawsuits that are attempting to recover funds for victims of the Ponzi scheme; meanwhile, attempts to reach a deal with more than 10 other employees failed.
The Minneapolis-based restaurant chain has rapidly expanded since opening its first location in Minnesota in 2007.
The two companies received the necessary shareholder approval and antitrust clearance to proceed with the deal, and the post-merger company will have 2011 sales in excess of $11 billion.
The Bloomington-based company was the only one from Minnesota on Forbes' list of 100 privately-held "up-and-comers" from across the country.
Google Chairman Erik Schmidt on Wednesday praised the Twin Cities' culture of entrepreneurship as he toured "co-working" firm CoCo.
American Crystal's locked-out workers claim that CEO Dave Berg likened them to a "cancerous tumor," while the company claims that Berg's words were taken out of context.
Boyd Stofer was chairman and CEO of Marquette Real Estate Group; he developed Northland Executive Office Center, Southpoint Tower, Northland Plaza, and the Centennial Lakes mixed-use development during his 33-year career with the company.
The state took in more revenue and spent less in fiscal 2011 than it had previously anticipated-resulting in a forecasted $876 million balance for the remainder of the current budget period.
An expanding client roster has helped RedBrick Health boost the number of people who receive its health and wellness services by 100 percent during the past six months.
Same-store sales last month missed Wall Street expectations and were "near the low end" of the company's expectations, but Target aims to capture significant sales in December through various discounts and promotions.
A new video report by USA Today looks at local tech start-ups and takes a tour of "co-working" firm CoCo's Minneapolis location.
Where to celebrate (or escape) the season with your clients.
The Bloomington mega mall welcomed more than 15,000 shoppers as it opened at midnight on Black Friday.
New York-based Kohlberg Kravis Roberts & Company has agreed to buy the company for $1.12 billion from Capital Safety's London-based owner, Arle Capital Partners.
Casey Carl will oversee Target's digital efforts, including its new Web site, which has crashed several times since its launch.