The company is being sued in four states-California, Ohio, Florida, and New Jersey-over the marketing and advertising of its Yoplait Yo-Plus Yogurt, which claims to have digestive health benefits.
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Terms of the agreement, which is expected to close next month, were not disclosed.
David Grzan claims his longtime employer and business partner created a hostile work environment and threatened his family, among many other accusations. In a countersuit, Steven Liefschultz, CEO of Equity Bank, says Grzan filed his lawsuit in order to defame and extort him.
The state's jobless rate dropped a modest 0.1 percent during the month as employers added 2,800 jobs.
The Web development firm is in the process of more than doubling its space at its Bloomington headquarters as it plans to significantly increase sales and add 100 employees in 2011.
Both Reuters and The New York Times reported that Minneapolis-based Ameriprise and its brokerage subsidiary have reached a preliminary agreement to settle claims from investors who lost money when two private placements they bought turned out to be frauds.
Federal regulators are requiring more than a dozen banks across the country to determine the number of homeowners who could have avoided foreclosure in 2009 and 2010 and reimburse those who were improperly foreclosed upon.
The Maplewood-based manufacturer reduced its worldwide greenhouse gas emissions by 77 percent and its U.S. greenhouse gas emissions by 79 percent between 1990 and December 2009.
The dairy manufacturer's parent company has entered into an agreement under which Kansas City, Missouri-based Dairy Farmers of America, Inc., will become its 100 percent equity owner.
According to TECHdotMN, more than 20 Minnesota-based start-ups received a combined $38 million in the first quarter-led by 8thBridge and Cima NanoTech, which collectively raised $25 million.
The Minneapolis-based retailer plans to open more than 200 stores in Canada, a move that, along with growth in other segments, could push revenue beyond $100 billion by 2017.
DEED Commissioner Mark Phillips agreed with the findings of Minnesota's Legislative auditor, citing complexity of the federal unemployment benefits program and lack of staff time as major reasons for the unresolved overpayments, and pledged to have the issue taken care of by September 11.
Pending home sales in the Twin Cities metropolitan area decreased 17.6 percent in March, marking the second month of double-digit declines after a slight rebound in January.
Upon receiving antitrust clearance, the UnitedHealth subsidiary will buy Logistics Health, Inc.
The company, which was forced to scale back during the recession, has rebounded with record profits, new employees, and plans to add 125 stores in the next five years.
The company's Infuse bone-graft device is reportedly being investigated by the Department of Justice; meanwhile, its Amplify spinal product, which is similar to the Infuse bone graft, failed to gain FDA approval.