CNS focuses on delivering drugs to the central nervous system to treat neurological disorders and intractable chronic pain.
Banking + Finance
The Golden Valley-based company will be added to the S&P 500 index on Friday, the same day it is expected to complete its merger with the flow control division of Tyco.
John Markert was found guilty in April of five counts of misapplication of bank funds; he allegedly helped arrange $1.9 million in fraudulent loans to cover expected overdraft fees resulting from a customer’s “check-kiting” scheme.
Minneapolis banks charge the least for non-customers to use their ATMs, but the city ranked in the middle of the pack with respect to overdraft fees and charges to customers who use ATMs outside of the banks’ network.
The Bloomington-based glass products maker beat quarterly earnings and revenue estimates, prompting it to raise its full-year outlook.
Financial terms of the deal weren’t disclosed; BridgePoint’s system allows doctors to navigate around a blockage of the coronary artery to restore blood flow to critical areas of the heart.
In Experian’s ranking based on the average of credit scores of residents in 143 U.S. cities, Minneapolis reclaimed the top spot after losing it in 2011 after four straight years of coming in first.
The acquisition will provide Minnesota Rubber & Plastics with the funding it needs to continue growth abroad and within the medical market.
The merger, which is expected to be completed September 28, also received clearance from Chinese regulators.
Vadnais Heights-based H.B. Fuller said that the acquisition will help it to better serve the growing electronics market.
Republic Bank & Trust Company has acquired First Commercial Bank in Bloomington, and its chief executive said that the bank plans to grow its presence in the Twin Cities.
U.S. Bank and the Metropolitan Economic Development Association have launched a series of quarterly events offering business consulting to minority entrepreneurs in the Twin Cities.
After the Department of Justice threatened to sue, 3M Company and Avery Dennison Corporation said that they will address antitrust concerns in order to receive regulatory clearance for 3M’s proposed acquisition of Avery Dennison’s office products unit.
Life Time acquired New Leaf software and support materials, product inventory, trademarks, and websites from MGC Diagnostics.
If the deal is approved, the merged company will have 1,500 physicians and operate under a single board of directors.
Wells Fargo’s NeighborhoodLIFT program will offer down payment assistance of up to $15,000 to qualified homebuyers seeking to purchase a home in Minneapolis or St. Paul.
CEO Joel Waller said that the company’s second-quarter financial results “marked improvement in our business, demonstrating that our strategic initiatives are taking hold.”
The dealerships included in the deal are Carousel Audi and Carousel Porsche, both in Golden Valley; Maplewood Audi; and Maplewood Imports—which sells both Mercedes-Benz and Porsche vehicles.