The company has set up offices in Mumbai and Delhi, from which its advisors will offer services to "upwardly mobile Indian consumers."
Banking + Finance
The local company will be sold by Minneapolis-based private equity firm Goldner Hawn Johnson & Morrison to Pittsburgh-based RTI International Metals.
The combined firm, which will be called EB Wipfli, LLP, is expected to have more than $314 million in revenue and serve more than 70,000 clients.
The two new mutual funds-one of which is currently available for investment and another that's set to launch sometime this quarter-mark the hedge fund managers' first products available to individual investors.
A U.S. Bancorp unit bought credit card assets from FIA Card Services, N.A., a subsidiary of Bank of America.
The Eden Prairie-based bank reportedly accused former CEO Tim Owens of bilking the company out of nearly $15 million in personal loans, while Owens claims that the company encouraged him to borrow money to buy its shares and that he was wrongfully terminated.
Federal regulators are seeking to block Minneapolis-based Graco's $650 million acquisition of Illinois Tool Works' finishing business, but Graco intends to defend the deal in court.
A new clawback lawsuit is seeking more than $27,000 in funds that were allegedly transferred to Michele Bachmann and her political committees between 2005 and 2008 by Frank Vennes, who faces securities fraud charges related to Tom Petters' Ponzi scheme.
A federal jury in Minneapolis reportedly awarded $16 million to 26 banks that had loaned funds to a businessman behind famous "boy bands," like the Backstreet Boys and 'N Sync, who is now serving time for his role in a Ponzi scheme.
The two companies received the necessary shareholder approval and antitrust clearance to proceed with the deal, and the post-merger company will have 2011 sales in excess of $11 billion.
Minnetonka-based UnitedHealth Group-which reportedly serves 7 million Medicare recipients-will add another 113,000 members with the purchase of Baltimore-based Medicare insurer XLHealth Corporation.
That would be bread pudding, the humble postprandial comfort food that’s becoming haute.
Plymouth-based BioAmber, Inc., on Monday filed for an initial public offering; meanwhile, Bluestem Brands, which in April filed for an initial public offering, could reportedly go public as early as this week.
James Fry and Michelle Palm-two local hedge fund managers who already faced criminal charges related to their alleged involvement in Tom Petters' multibillion-dollar Ponzi scheme-now face charges in a civil complaint filed by federal regulators.
A restructuring plan that just received bankruptcy court approval will give majority control of Perkins & Marie Callender's, Inc., to Wayzata Investment Partners.
The company, which was founded in 2007 by serial entrepreneur Manny Villafa–a, has entered an agreement through which it will sell up to $20 million of its common stock.
Cheese grabs the limelight at the Strip Club in St. Paul.
Whitebox Advisors is soliciting research papers that could benefit the investment community-and the winning submission will net a $25,000 prize.