Irwin Jacobs has sold the consumer goods remarketing portion of his business in a $140 million deal that is expected to close on October 1.
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Stacy Bee, owner of a local public relations firm, was cast for a Bollywood film-and the movie is set to make its Minneapolis debut later this month.
The firm also named six new partners-all local wealth managers who came from Lowry Hill and will work out of the new office.
Federal authorities have given permission for engineering work to begin on the downtown Minneapolis-to-Eden Prairie light-rail line and approved a route for the proposed Twin Cities-to-Duluth passenger train.
Urologix said that the deal is expected to bring total revenue up to between $18 million and $20 million for the fiscal year that ends next June; it reported sales of $12.6 million in its most recently completed fiscal year.
The Bork brothers allegedly orchestrated a $4 million mortgage fraud scheme that defrauded 24 area lenders.
St. Paul-based Luminosities, Inc., which does business as Windflame, was one of nine manufacturers and distributors to recall pourable gel fuels; in an unrelated matter, Manhattan Group, LLC, a Minneapolis-based toy maker, recalled about 3,300 wooden rattles due to a choking hazard.
The Minnesota Vikings announced its first partnership in the franchise's history with a hard-liquor company.
The folks behind the growing Artcrank poster show applied their skills to design a new limited edition line of Trek commuter bikes.
Medibotics received a patent for its Motion Recognition Clothing technology, which could create a new type of full-body video game controller. But the product isn't ready for the market, and the company is seeking investments and partnerships with manufacturers as it enters its next stage of product development.
Job vacancies are up more than 32 percent versus the same period a year ago, but the bulk of openings is for part-time or seasonal work.
A new ordinance requires all Minneapolis businesses to offer recycling.
The retailer reported a 4.1 percent increase in August sales, and plans to hire "thousands" in Canada in the years ahead.
The Star Tribune reports that cost of living in the Twin Cities has been rising this year, while Minnesota remains about 100,000 jobs short of where it was before the recession.
Best Buy seems to have taken its recent focus on digital strategies to a new level by letting people open virtual stores. The Richfield-based company became the first retailer to
Linda Kae Tuttle-Olson, a former Freeborn County commissioner who operated a real estate closing company, was sentenced on Tuesday to three-and-a-half years in prison for stealing at least $920,000 from
A unit of Fridley-based Medtronic, Inc., and San Diego-based NuVasive, Inc.-both makers of medical devices for spinal surgery-are facing off with dueling patent infringement suits, according to a report by
Two Minnesota banks have together received $12.4 million from the federal government in an effort to bolster small business lending, the U.S. Treasury Department announced on Wednesday. McLeod Bancshares, Inc.,