latest articles

Report: State, IRS Seek $2.5M in Petters Assets

The Pioneer Press reports that the Minnesota Department of Revenue and the IRS, which have identified tax liabilities dating back to 2004, are asking for $2.5 million in ill-gotten assets being controlled by receiver Doug Kelley.

Capella Buys U.K. Online Education Co. for $14.9M

The company, Resource Development International, develops and delivers online higher-education programs across the U.K.; its 2010 fiscal-year revenue totaled about $13.9 million, and Capella's CEO sees it as a business with "significant opportunity for long-term growth."

New Mpls Running Tours Target Tourists, Biz Travelers

City Running Tours has entered Minneapolis and offers an outdoor, educational alternative to the monotonous treadmill. It's targeting both locals and tourists-and through a partnership with the Westin, it's aiming to attract business travelers.

Cirrus Buyer Pledges to Keep Jobs in Duluth

While some Minnesotans worried that Cirrus' acquisition by a Chinese company could result in the elimination of Duluth jobs, both the acquiring company's leaders and the City of Duluth have reportedly pledged to support the business-and keep its operations in the northern Minnesota town.