Financial terms of the deal, which was completed on Monday, were not disclosed.
Banking + Finance
Is NASCAR success a harbinger of corporate stock performance?
Minneapolis-based law firm Foley & Mansfield has acquired another Minneapolis-based firm-Skjold Parrington Business Attorneys; the deal does not include Skjold Parrington's foreclosure defense and insurance dispute practices.
A study commissioned by Ameriprise Financial found that Baby Boomers are providing financial assistance to their adult children and aging parents at the expense of their own retirement savings.
The funds will be used for intellectual property costs and to prepare for clinical trials that will bring the company one step closer to gaining regulatory approval for its first product-which was designed to reduce the risk of life-threatening, catheter-related infections in hemodialysis patients.
Inter Savings Bank was closed by regulators; its deposits and "essentially all" of its assets have been acquired by Missouri-based Great Southern Bank.
The acquisition includes the light construction and "hardscape" product assets of New York-based Stone Construction Equipment, Inc.
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.
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.