Geraghty-who has been president and CEO of Blue Cross and Blue Shield of Minnesota since 2008-will take the helm of Blue Cross and Blue Shield of Florida on September 1.
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Jennifer Rutherford admitted to creating shell companies that sold non-existent marketing merchandise to Medtronic, thereby defrauding the company of at least $2.1 million.
Fitch Ratings lowered the rating on $5.7 billion in state general-obligation bonds to AA+ from the best AAA rating, citing "the difficulties in reaching consensus on a plan to address the resulting large budget gap for the biennium that began on July 1."
Co-founder Ernest Grumbles said that Mojo was a bit hesitant to adopt a formal structure, but the co-op structure allows it to move forward with its mission to fuel entrepreneurship in Minnesota.
Winning one gold, two silver, and two bronze awards at the U.S. Open Beer Championship, the Minnesota beer maker was again ranked among the top 10 breweries overall.
Financial terms of the transaction, which is expected to close on October 1, were not disclosed.
Senate negotiators have reached a deal that would end an ethanol tax credit by July 31 and use the money saved to reduce national debt and fund other renewable energy efforts.
The Hutchinson-based disk-drive component maker's preliminary results indicate that its product shipments are up 15 percent and its net sales are up 14 percent for the quarter that ended June 11.
A report from Cassidy Turley indicates that a stagnant economy has prevented any substantial growth from occurring in the Twin Cities retail market, but the introduction of some new retailers and plans for new development are positive signs.
The medical device giant will spend a combined $585 million to acquire two surgical technology companies in which it already has an ownership interest-Peak Surgical and Salient Surgical Technologies.
During the state government shutdown, local companies reportedly have been unable to sign up investors for the state's angel tax credit program.
The U.S. Equal Employment Opportunity Commission alleged that Target Corporation violated the Americans with Disabilities Act by denying a disabled employee "reasonable accommodation" and reducing his work hours because of his disability.
Year-to-date, Target's same-store sales are up 2.7 percent, and its net retail sales are up 3.6 percent to $26.6 billion.
Unlike regular Groupon deals, which are purchased for future use, Groupon Now! deals are redeemed immediately and can only be used during the day in which they are purchased.
A senior analyst with Wells Fargo Securities reported that Medtronic may potentially sell its entire spine business amid scrutiny of its Infuse spinal product.
The acquisition of Calhoun Commons, which is anchored by a 49,471-square-foot Whole Foods Market, gives Regency Centers its fourth shopping center in the Twin Cities market.