A two-person committee appointed by the med-tech giant concluded that allegations against Medtronic’s leaders are “without merit”; it’s now seeking dismissal of shareholder lawsuits.
Industry
Dean Riesen left the company on Friday after serving as a board director since 2003 and chairman since 2011.
Longtime 3M employee Nicholas Gangestad is replacing David Meline, who had served as the company’s chief financial officer since 2011.
The company declined to comment on a report that said a deal is likely in the works.
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The company declined to comment on a report that said a deal is likely in the works.
Saunders took the Timberwolves to all eight of its total playoff appearances in his former role as head coach from 1995 to 2005.
Keith Waters and Carter Siverson, who were previously fined by the state, now face criminal charges for allegedly failing to pay subcontractors for work on Twin Cities homes and a worship center in Victoria.
But a new report also found that the number of jobs held by baby boomers is growing at a faster rate, in both the Twin Cities and nationwide.
Employees from U.S. Bancorp, Ecolab, and Thrivent were named to Fortune’s “Heroes of the 500” list, which recognizes acts of charity and courage.
Although Bloomberg reported that the potential deal is still in its early stages, if the acquisition occurs, it could result in Medtronic relocating its legal headquarters to London.
After acquiring a fellow Twin Cities-based firm, Boyum & Barenscheer now employs roughly 60 accounting professionals in Bloomington and White Bear Lake.
Town Hall Tap owners chose to build the restaurant at 48th and Chicago rather than in Northeast Minneapolis partly because of the looser 60/40 food-alcohol-sales ratio.
Xcel claims that Boulder, Colorado’s city council has overstepped its authority in approving a municipal utility.
Four intercity lines are in different stages of planning: Duluth to Minneapolis, a second Amtrak Empire Builder from the Union Depot to Chicago, high-speed rail to Chicago and the Rochester Zip Line.
Bogopogo is meant to connect its users with local restaurants offering free promotional deals.
The acquisition of Press75 will expand Westwerk’s offerings, including “themes” for WordPress-based websites, and the agency is eyeing additional growth.
A bridal boutique and a real estate agency will occupy street-level storefronts on Hennepin Avenue, while plans call for converting the upper floors to housing.
Wayzata Investment Partners has completed the sale of Grede Holdings to New York-based private equity firm American Securities.
Essar Steel Minnesota, which recently landed $450 million in financing to support its planned Iron Range facility, denied media reports that it is for sale.
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