The new company will be based in Singapore and will manufacture and commercialize touchscreen solutions for the personal computing market.

Save My Home USA is the latest company to be accused by the Commerce Department of defrauding homeowners through a mortgage modification scam.

Patrick Hawkins, current president of the company and nephew of John Hawkins, will assume the CEO role.

The medical device giant said that it is "in active dialogue" with the FDA to address issues with the Amplify product; an FDA panel last year gave the product mostly high ratings but noted a higher incidence of cancer in patients treated with it.

A source close to the well-known singer told The Advocate that the deal crumbled because "she and Target didn't see eye to eye on Target's policy of political donations and how they affect the LGBT community."

A Reuters report indicating that the St. Paul-based software giant may be seeking a buyer boosted the company's stock price more than 13 percent on Tuesday.

Upon announcing the opening of a Shanghai office, the company said that it plans to hire 1,000 additional staff members in China during the next five years.

Negotiations with a single potential buyer are underway, but tumult in the Middle East has complicated the sale of the airline.

Forbes added more than 200 people to its 2011 list of the world's billionaires, but the number of Minnesotans on the list declined from 2010.

UnitedHealth Group filed a formal protest regarding a federal health-care contract that the government recently rescinded, and four members of Minnesota's Congressional delegation have supported the company's position.

The company said that the high unemployment rate has lowered sales, forcing it to cut 50 employees at its Hastings facility, or about 5 percent of its total work force.