About 70 letters requesting amounts of up to $2 million were reportedly sent out to former employees of Petters Group Worldwide; the money will be used to help repay investors who lost money in Tom Petters' multi-billion-dollar fraud scheme.
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Pebblebrook Hotel Trust said in a Friday regulatory filing that it will pay $33 million to acquire the Minneapolis hotel-$3 million less than the $36 million price it originally agreed to pay before "significant and unanticipated matters" that it became aware of during the summer.
Terms of the deal, which is expected to close by the end of the month, were not disclosed.
Robert White, a consultant who helped Tom Petters forge financial documents, had requested a lighter sentence for his cooperation with authorities and his role in bringing down Petters' fraud scheme.
Fans can now bid on five statues that have appeared on downtown Minneapolis over the summer, each of which represents a different season from the Twins' 50-year history.
As a result of the better-than-expected results, the company raised its full-year earnings outlook by 10 cents per share.
Steve Meads will reportedly leave the company for Illinois-based MidCountry Bank; Kevin Powers, group president of Bremer's west region, will assume Mead's position on an interim basis.
The company, which is commercializing an environmentally friendly and extremely effective fire retardant, won a total of $40,000 in seed capital.
Lower sales are still being attributed to the expiration of first-time homebuyer tax credits at the end of June.
Larry Reynolds, the third Tom Petters co-conspirator to be sentenced this month, received 10 years and 10 months in prison after pleading guilty to money laundering conspiracy.
Shoppers Food & Pharmacy, a Supervalu subsidiary, and two of its former executives have been accused of bribing Maryland state Senator Ulysses Currie.
Nurses from St. Luke's Hospital and the SMDC Health System ratified a contract settlement last week-and a planned one-day strike has been called off.
The manufacturing giant says that French dairy company Sodima-which wants to terminate a longtime licensing agreement between the two companies-isn't permitted to do so under the current circumstances.
Less than a month after Children's Hospitals and Clinics of Minnesota said that it intends to cut between 200 and 250 jobs, North Memorial Medical Center said that it will eliminate about 200 positions in the coming months.
The plan, approved Friday by U.S. District Court Judge Robert J. Kressel, provides for cash payments to certain creditors, as well as a distribution of equity in the reorganized company to other creditors.
Heather Kelley, who will replace Archway CFO Brian Burke, will be responsible for the leadership and coordination of Archway's analytics, business planning, accounting, budgeting, and human resources efforts.