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Banking + Finance

Doug Kelley’s Clawback Incorporated, In the Wake of Petters’ Ponzi Scheme

Trustee Doug Kelley has created a mini-industry that’s out to recover as much as $18.4 billion for the victims of the Petters Ponzi scheme. But the recovery efforts are making many debtors—which include nonprofits—feel victimized. Kelley says he has no choice: “We are making law day by day.”

The Archive

Why Buy When You Can Swap, Rent, Borrow, Barter, or Get It for Free?

The economy is moving toward “collaborative consumption,” says Rachel Botsman, co-author of What’s Mine is Yours. How will companies make the shift from selling products to selling access?

The Archive

What Business Thinks: TMI?

Twitter feeds, blogs, and oh yeah, traditional media—is it too much information, or just enough to create new opportunities? Here’s What Business Thinks™ about the new media landscape.

The Archive

3M Files 2nd Patent Suit Against Andover Healthcare

3M voluntarily dismissed a previous suit against Andover Healthcare regarding the packing of bandages it manufactures, but this time 3M is suing over the actual product.

The Archive

Carlson Sells Restaurant Chain to Leeann Chin Owner

California-based Pick Up Stix will move its headquarters to Bloomington as a result of the sale.

The Archive

Feds: Hacker Stole from Digital River Subsidiary

Jeremey Parker allegedly hacked into the computer system of SWReg, Inc., and directed the company to disburse funds into his Texas bank account.

The Archive

IRS Seeks $525.1M from Boston Scientific

The IRS says that the medical-device giant owes additional taxes based on an audit of Arden Hills-based Guidant Corporation's 2001, 2002, and 2003 tax years.

Technology

2010 Technology Innovators

NULL

Ecumen

Karen Flores

Boulay PLLP

Erik Allen

Arvig

Ben Wiechman

Kremer Law

Kate Eidem

Associated Bag

Tom Luebesmier

The Archive

3M Embarks on $2 Billion Buying Spree

In the span of only a few months, the Maplewood-based company announced plans for investments and acquisitions that together exceed $2 billion-and it has set aside between $2 billion and $3 billion for mergers and acquisitions in 2011.

The Archive

8 MN Public Companies Bought in 2010

Eight of the state's 100 largest public companies were sold this year, representing a substantial increase from last year when just two were acquired.

The Archive

Bloomberg Report: 3M CEO Buckley to Leave in 2011

Citing three unnamed sources, Bloomberg said that three top 3M executives are being considered to take the helm following Buckley's departure, but a company spokeswoman said that the Bloomberg report is factually incorrect.

The Archive

Cook Gets 25 Yrs. For Scheme, Kiley Denies Role

Former radio host Pat Kiley has been accused by federal regulators of playing a role in convicted Ponzi schemer Trevor Cook's scam that defrauded investors out of $190 million, but he continues to fight back and claim that he had no knowledge of the fraud.

The Archive

Former Auto Mogul Hecker Winds Up Behind Bars

This year, former Minnesota auto giant Denny Hecker pleaded not guilty to some charges, pleaded guilty to other charges, and wound up in jail to await his sentencing after prosecutors uncovered some shifty moves in his bankruptcy case.

The Archive

IPO Activity in MN Slow But Rebounding

Two Minnesota companies went public in 2010-up from one last year and none in 2008-but an executive at a local stock brokerage firm says that "our market clearly lags" behind other similar markets around the country.