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.
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The move enables CW Technology to expand its VoIP business further into Central Minnesota and adds 60 clients to its current 320.
The Vadnais Heights-based company acquired the rights to an adhesive system called Liquamelt, which produces an industrial glue that flows at room temperature.
Outland Renewable Services says that it "respectfully disagrees" with the Department of Labor's findings, which indicate that the company ignored safety rules that led to a worker being severely burned.
Panchero's Mexican Grill closed its Block E location on Friday, which prompted rumors that it was forced out by the development's new owner, Alatus; Alatus denies those allegations.
Almost one-tenth of the 515 jobs scheduled to be cut in Osceola, Wisconsin, have been spared thanks to stronger-than-projected company growth; separately, Polaris said that it has bought Indian Motorcycle for an undisclosed sum.
The bank holding company's earnings of 52 cents per share beat analysts' estimates of 49 cents per share.
The Pioneer Press reported that St. Paul Mayor Chris Coleman confirmed that a funding grant agreement will be signed next week, which will bring in $460 million in federal aid for the $957 million project.
The new medical lab, which is slated to open in February 2012, will consolidate about 12 labs that are currently located in five different buildings on the Abbott Northwestern Hospital campus.
NAIOP's Minnesota chapter, the Minnesota Taxpayers Association, and the Minnesota Chamber of Commerce plan to draft legislation requiring all government entities to use the same structure to report how they budget and then spend taxpayer dollars.
Kimberly Dana Swenson, a 38-year-old woman from Shoreview, pleaded guilty to one count of mail fraud.
Central Bank of Stillwater will assume all of the deposits of Rosemount National Bank-the first Minnesota bank to fail this year.