Mark Phillips has been named commissioner for the Department of Employment and Economic Development; John Edman was reappointed as director of Explore Minnesota; and Kathy Tunheim will occupy a volunteer position as senior advisor for job creation.

General Mills ranked 58th and the Mayo Clinic ranked 61st on Fortune's 2011 list.

The company, which filed for an initial public offering in April, wrote in a regulatory filing that it intends to offer 2.75 million shares of its common stock, priced between $8 and $10 per share.

Although the 25 actions unveiled Wednesday were greeted with a mostly positive reaction from the medical device industry, the most drastic decisions about the 510(k) device approval process are yet to come.

Despite objections from the Minnesota Medical Association, Medica launched its Premium Designation system-which rates doctors based on the quality and cost-efficiency of their care.

Although 22,400 jobs were lost in December, Minnesota's unemployment rate fell 0.1 percent to 7 percent-well below the national rate of 9.4 percent.

In a recent speech, the senator criticized new net neutrality regulations and the merger of Comcast and NBC Universal.

Tom Petters argues, among other things, that the court improperly cut short the cross-examination of Larry Reynolds-an accomplice who was sentenced to more than 10 years in prison for his role in Petters' fraud scheme.

A hearing on Tuesday-in which 85 attorneys were reportedly present-demonstrated the difficulty of dealing with the mountain of "clawback" lawsuits filed in the Tom Petters bankruptcy case.

Boston Scientific will provide an upfront payment of $100 million-plus potential additional payments of up to $275 million.

It's a move that will enable Cargill to remain a private company while also freeing up cash for its family foundation-and one that has generated speculation that The Mosaic Company could be a good acquisition candidate.

Kenneth Hasse admitted to defrauding investors out of $8 million to finance his company, ConServe Corporation.

The acquisition will substantially grow the St. Paul-based company's portfolio-increasing the number of radio stations in its holdings from four to 21-and expand its geographic footprint to four new key markets.

The company will jointly develop and manufacture magnetic tape technologies with TDK and will discontinue its magnetic tape coating operations in Oklahoma-resulting in the elimination of about 115 positions.

Canada-based Wild Wing Restaurants claims that Buffalo Wild Wings is infringing on its "Wild Wing" trademark and says that its expansion into Canada will create confusion.

Crown Bank claims Curtis Carlson Nelson misrepresented his net worth in loan documents and failed to repay more than $4 million in loans.