The bankruptcy trustee attempting to round up “false profits” tied to the Tom Petters Ponzi scheme wants permission to pursue “clawback” claims in 26 countries around the world.
Banking + Finance
Minneapolis continues to benefit as one of Google’s seven “Tech Hubs,” as local startups Docalytics and Kidizen were offered funding from AOL founder Steve Case.
Founded in 2008, Holaira is working to treat the debilitating symptoms of chronic obstructive pulmonary disease.
Polaris said the acquisition of the powersports accessories manufacturer will bolster its growing parts, garments, and accessories business.
Taking into account returns on taxpayer investment, how much each state receives in federal funding, and the ratio of federal employees, WalletHub ranked Minnesota third on its list of states least-dependent on the federal government.
According to multiple news reports, the owners of Bluestem Brands have hired banks to seek buyers for the company, which generated more than $830 million in revenue last year.
With existing assets totaling nearly $1.6 billion, KleinBank will be adding about $205 million more after acquiring Prior Lake State Bank.
The Dolan Company is making severance payments to its founder and another longtime leader who resigned in conjunction with its bankruptcy filing, which lists $185.9 million in debt and $236.2 million in assets.
Eden Prairie-based PetVivo is developing “biomedical” products for pets.
New tax laws, new donor priorities and new tools for charitable giving are changing philanthropy and wealth management.
Why is a global ad agency trying to raise money for tiny ventures?
Dolan Company announced a reorganization plan that will cut debt and result in the company going private—and its founder and CEO has stepped down.
A new rule requires publicly traded manufacturers to disclose whether their products include minerals whose sale funded armed conflict in the Congo—and the rule will have a ripple effect on smaller companies as well.
Gravie, which helps individuals shop for health insurance, has now raised a total of $13 million; Minneapolis-based Argos Risk is among other local companies to recently raise funds.
In unrelated transactions, private equity firms recently acquired Twin Cities companies Shock Doctor and Innovative Laser Technologies.
GamePlan4Me was designed by St. Paul-based tech firm Augeo and has partnered with more than 15 professional athletes, most recently Kobe Bryant.
ProUroCare Medical, Inc., said it is delisting its stock in order to cut administrative costs, and to allow it to explore a possible sale.
The women’s clothing retailer beat analysts’ expectations as it neared profits for its fourth quarter, and it announced plans to consolidate more stores.