Michael Mahoney will assume the role of Boston Scientific president next month, but he can't supervise competing businesses or become CEO until November 2012 because of a non-compete agreement with Johnson & Johnson.
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According to the Pioneer Press, some Target.com shoppers got notices indicating that their Missoni orders have been cancelled or their shipments have been delayed and need further approval-despite the fact that they received confirmation of their online orders.
Seventeen companies have been selected to give seven-minute presentations to attendees of the annual Minnesota Venture & Finance Conference.
Marketing experts told USA Today that that the shopping frenzy taught Target and its competitors a valuable lesson: Even though the economy is still in rough shape, shoppers are in the market for reasonably priced luxury goods.
Dennis DeSender admitted to fraudulently soliciting investors to fund a venture to sell coal-gasification technology to China-and he reportedly implicated a former officer of Bixby Energy Systems in the alleged $60 million scheme.
The state's Attorney General's office has terminated Dorsey & Whitney as Minnesota's chief bond counsel, citing ethical conflicts during the state government shutdown in July, and replaced it with an Omaha law firm.
Later this month, Governor Mark Dayton and representatives from several Minnesota companies and colleges will set out on a trade mission to Minnesota's sixth-largest export market-South Korea.
The Minneapolis mayor's proposed budget includes no property tax hike, but it depends on savings from a pension fund merger-which has now been approved by members of the city's police and fire pension funds.
Proto Labs is offering discounted prototyping and short-run production services to two companies through its "Cool Idea!" program-one product comes from a local company that hopes to change how the life sciences industry stores tissue samples, the other from a Pennsylvania inventor who designed a sander that vacuums drywall dust.
The metro area's gross domestic product is the 13th highest in the nation and grew 4.4 percent between 2009 and 2010; that's compared to 2.5 percent average growth for all U.S. metro areas during the period.
The jobless rate for African Americans in the Twin Cities is reportedly 24 percent compared to just 6 percent for Caucasians, giving the region the widest racial disparity among the unemployed in urban areas throughout the country.
Minnesota's official unemployment rate remained unchanged at 7.2 percent in August-in part because a "smoothing out" of data understated the effect of 22,000 laid-off state workers who returned to the job following the state government shutdown. A state official told Twin Cities Business that the "unsmoothed" rate is 7 percent.
The local nonprofit, which trains under-employed and unemployed people for placement in long-term jobs, was chosen from a pool of about 900 entries as one of five winners in the "Powering Economic Opportunity: Create a World that Works" competition.
The company voluntarily recalled 185,000 pounds of fresh ground turkey that it said could be contaminated with the same dangerous salmonella strain that prompted a ground turkey recall last month.
The event, Robotics Alley, is designed to raise the profile of the Midwest in the global robotics industry.
The advertising agency reversed the traditional request for proposals model by accepting pitches from potential clients-and it has now selected two winners who will together receive roughly $175,000 in free media.
The retailer reportedly sold out of the limited edition Missoni fashion line in local stores shortly after they hit shelves, and the company's Web site was down for at least a portion of Tuesday morning.
A new offering enables business customers on the go to view account balances, transfer funds, approve time-sensitive payments, reset their password, and view check images on their mobile devices.