Jon McTaggart will succeed MPR founder and longtime American Public Media Group CEO Bill Kling, who will step down this summer.

Analysts say that the move signals his confidence in the company's outlook; the company founder and chairman has historically "sold into strength and bought into weakness."

Media reports indicate that Wellington Management terminated its agreement to purchase the site, due in part to the developer's plan to add a Costco store-which isn't allowed under current zoning laws for the property.

The layoffs, which include the associate curator of paintings, were necessary in order to cut $1.4 million from the budget for the next fiscal year, which begins June 30.

Authorities have reportedly determined that no laws were broken when fallen auto mogul Denny Hecker married his girlfriend, Christi Rowan, by phone earlier this year.

The move will put all 300 of the agency's local employees under one roof and allow "breathing room" for future expansion.

The cooking oil management company says that the acquisition will allow it to add new services and expand into new markets.

The company's first-quarter sales were down $5 million due to the earthquake and tsunami in Japan. Despite the unfavorable news, the company remains optimistic about the future of its devices.

A business associate of Tom Petters and two hedge fund managers were indicted for fraudulently marketing a hedge fund's investments in Petters Company, Inc.