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NestlŽ to Cut 243 Jobs at MN Plant, Expand in WI

The company recently told state officials that it will phase out operations and close its St. Louis Park plant over the next two years; meanwhile, NestlŽ is expected to add at least 150 jobs this year in Eau Claire, Wisconsin.

Feds: Give Hecker Max. 10-Year Sentence

Federal prosecutors on Thursday filed court documents requesting that Denny Hecker receive a sentence of 10 years in prison. Hecker's attorney says his client should get a lighter sentence.

Judge Adds Probation to $296M Guidant Plea Deal

The fine imposed on Guidant, which hid information from federal regulators about "catastrophic failures" in three of its life-saving devices, is reported to be the largest criminal penalty that's ever been handed to a medical device company.