The St. Mary's Home will close at the end of this year, the Franciscan Health Community (FHC) recently announced. The FHC is currently seeking alternative places to move current residents
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Eden Prairie-based Supervalu, Inc., on Tuesday reported a net loss of $1.47 billion, or $6.94 per share, for its second quarter-missing analyst expectations. The company reported $8.7 billion in net
Five Minnesota companies-3M Company, Ecolab, Inc., Medtronic, Inc., Target Corporation, and Best Buy Company, Inc.-ranked among the top 90 companies on Newsweek's recently released "2010 Green Rankings" list. The list
Six hundred sixty-eight investors who lost money in Trevor Cook's $190 million Ponzi scheme may soon get some of their money back-but likely not anywhere close to the sums they'd
A Monday hearing at which Denny Hecker requested to change attorneys concluded with the fallen auto mogul being taken into custody. The hearing took place in federal court in Minneapolis.
Two local philanthropy organizations-The One Percent Club and Social Venture Partners Minnesota (SVP), both based in Minneapolis-have decided to join forces in a mission to promote philanthropy across the state.
James Wehmhoff, the former accountant of Petters Group Worldwide and its founder Tom Petters, was sentenced Monday in St. Paul to one year of home detention, according to the U.S.
Minnetonka-based UnitedHealth Group, Inc., on Tuesday posted better-than-expected third-quarter results, prompting the company to raise its full-year outlook. Net earnings for the quarter that ended September 30 totaled $1.28 billion,
3M Company recently filed a patent infringement lawsuit against Akron, Ohio-based Gojo Industries, Inc. The Maplewood-based manufacturer-along with its 3M Innovative Properties business-accuses Gojo of "infringing, actively inducing others to
Maplewood-based 3M Company, Inc., announced Monday that it has agreed to acquire the tape business of Taipei, Taiwan-based Alpha Beta Enterprise Company, Ltd. Financial terms of the deal were not
St. Jude Medical, Inc., has agreed to acquire AGA Medical Holdings, Inc, in a deal valued at about $1.3 billion, the companies said Monday. Both companies' boards of directors approved
SurModics, Inc., said Thursday that it plans to reduce its work force by 13 percent-or slightly more than 30 employees-in order to more closely align operating expenses and revenue. The
Dickson, Tennessee-based Gatlin Development Company, Inc., last week signed a letter of intent to purchase Brookdale Mall after being selected as the winning bidder on the property. Gatlin Development is
Minnesota's third-quarter foreclosure rate increased 5.56 percent from the second quarter, with 9,499 homes receiving a foreclosure filing during the quarter, according to a report released by RealtyTrac, Inc., a
Pat Kiley, a former nationally syndicated local radio personality, on Thursday filed a formal response to a suit that was brought against him by the U.S. Security and Exchange Commission
This year, Minnesota inched its way up Forbes' annual list of the country's best states for business and careers-climbing to 15th after coming in 17th in 2009. Minnesota garnered attention
Twin Cities real estate developer and nightclub owner Ned Abdul is facing new fraud accusations. Brian Lawton of Edina, an investor in two of Abdul's real estate deals, recently filed
The U.S. Securities and Exchange Commission (SEC) on Thursday charged two Florida-based hedge fund managers and their funds with fraudulently funneling more than $1 billion of investor money into Tom