The buyer-California-based Cosmi-claims that it is now the United States' second-largest retail publisher of personal computer games and the largest retail publisher in the value software category.
Banking + Finance
Half of Minnesota businesses expect the state economy to improve in the quarter that ends in late May-and 40 percent plan to increase headcount during that period, according to Twin Cities Business' quarterly economic indicator survey.
SightLine Partners is raising money for a venture fund that will invest in later-stage medical device companies.
The company might also consider reducing its office space in an attempt to cut costs.
A public beta version of Sophia launched in March 2011, and the teaching and learning website is now used by individuals from more than 170 countries who collectively represent 5,000 schools and universities.
A local advocacy group released a report stating that four large banks, including U.S. Bank and Wells Fargo, are charging people interest rates as high as 365 percent.
The majority owners and operators of Provalliance will buy Regis' interest for 80 million euros, which translates to roughly $105 million; interim Chief Operating Officer Eric Bakken said that divesting Provalliance is "part of our ongoing evaluation of non-core assets."
Stratasys and Israel-based Objet, Ltd., said that their merger will grow their customer base and research and development capabilities.
The Minnesota Credit Union Network is distributing cash prizes and gift cards to those with the best stories about banking anxiety and frustrations and/or ways in which credit unions have come to their rescue.
Excluding one-time items related to store closures and layoffs, the grocer's net earnings totaled $81 million, or 38 cents per share-higher than the 35 cents per share predicted by Wall Street analysts.
Former Pinehurst Bank President John Markert was found guilty on five counts of misapplication of bank funds. Gregory Pederson, the bank's former chief credit officer and senior vice president, was acquitted of each count that he faced.
Same-store sales rose 7.3 percent last month, beating the expectations of both Wall Street analysts and the company itself.
Magnet 360-which now bills itself as a "social enterprise agency"-says it will offer a comprehensive set of "social business" services to large business clients, including General Mills, Ecolab, Medtronic, and 3M.
Xollai has developed guidance technology for unmanned aircraft and will become part of ReconRobotics' product engineering and design operations.
Re/Max Results, which opened its first St. Cloud office last year, is strengthening its presence there through the purchase of Re/Max Realty Source.
The company, which was struggling with plummeting sales and legal issues several years ago, was turned around under the direction of CEO Marti Morfitt, who said that the Airborne brand will be retained, but its employees will not.
Personal income in the state totaled about $238.8 billion in 2011, compared to an estimated $227.3 billion the previous year.
Tyco International shareholders will own 52.5 percent of the merged entity, and Pentair shareholders will own 47.5 percent; Wall Street responded favorably to the news, sending shares for both companies to a 52-week high on Wednesday.