Regulators, which sought to block Graco's proposed acquisition over antitrust concerns, have now paved the way to discussions of a settlement.
Banking + Finance
The state's angel investment tax credit program spurred the creation of more than 100 jobs last year, as investors collected about $15.8 million in credits.
The new division, called TCF Capital Funding, will focus on lending to companies with fewer than $100 million in annual sales and between $2 million and $10 million in earnings.
The Federal Reserve said that the eight banks face fines for unsafe and unsound foreclosure practices; U.S. Bank said that the fines are not significant and it has been revising its foreclosure processes to satisfy regulators' requirements.
Minnesota companies sent $702 million worth of products to South Korea last year, and the state now stands to benefit from a free trade agreement that will eliminate most tariffs on goods exported there.
UnitedHealth Group's international division has expanded health insurance coverage to employers that have workers in the Middle East.
The two were among 15 banks that the Federal Reserve projects will have adequate capital should a financial crisis occur.
The St. Louis Park-based restaurant chain, which recently acquired several Cadillac Ranch restaurants, plans to open a new Granite City location in Tennessee.
A Canadian agribusiness company recently revealed that it has received "expressions of interest," prompting speculation of a possible takeover; The Wall Street Journal reports that Cargill is among those interested in the deal.
Mocon has signed an agreement to purchase a Denmark-based company that makes equipment for packaging; the deal will boost Mocon's annual revenue to $56.7 million.
The bank-holding company said the move reflects its shift away from longer-term loans and investments, including residential loans, commercial loans, and mortgage-backed securities, and toward shorter-duration variable-rate loans, such as auto loans and equipment financing.
As part of a new FBI initiative, FICO's online fraud alert forum will host discussions on bank robbery investigations.
A new report suggests that the economic upturn either hasn't produced jobs that would offer employer-based insurance or coverage gains associated with new jobs have been offset by coverage losses at other companies.
The estate planning life insurance firm has hired Jon Christie to lead its first Minneapolis office, which is located in the IDS Center.
A former vice president and branch manager of a Minnesota bank admitted to stealing $80,000 and faces up to 10 years in prison.
Start-up Knowmad creates customized, off-the-beaten-path journeys through South America.
The story of a pugnacious, working-class kid from Detroit who long ago made TCF a household name, but is reinventing it again today.
The state's entire forecast balance is already allocated under state law, which requires $5 million to go toward rebuilding state reserves and the remainder to pay off debt.