Frank Vennes struck a plea agreement just days before he was scheduled to go on trial; he faces up to 15 years in prison.
Industry
Struggling Supervalu, which recently struck a deal to sell several of its brands, said that its new CEO will start immediately rather than assuming his post after the close of the sale, as was previously planned.
GovDelivery has found a niche helping its public sector clients connect with their "customers."
The Mosaic Company’s share of the settlement, which requires court approval, is $43.75 million; none of the companies admitted wrongdoing.
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The Mosaic Company’s share of the settlement, which requires court approval, is $43.75 million; none of the companies admitted wrongdoing.
The campaign, which spans television commercials, online ads, the Post-it note website, and social media platforms, depicts creative uses of the iconic product.
The just-announced grant from Hennepin County is on top of $1.5 million worth of environmental cleanup grants that the Metropolitan Council and the Minnesota Department of Employment and Economic Development awarded earlier this month.
The strong quarterly results were driven by an increase in wealth management clients.
The financing round, led by the Malaysian government, will help Mardil Medical complete the development of its first product and pursue regulatory approval in Europe, Asia, and Canada.
Meanwhile, the plant is undergoing a $50 million upgrade, for which it received several local incentives.
Designs on your genes.
Earlier this month, Wisconsin Governor Scott Walker scored a major victory when a federal appeals court upheld a state law.
It’s unclear what exactly the future holds for the property, but the new owner reportedly plans to disassemble the plant and will not reopen the paper mill.
Mayo Clinic plans to invest $3.5 billion in improvements to its facilities, but a broader initiative calls for the investment of public and private funds in an effort to boost economic development in Rochester.
Greg Fluet, who has served as interim CEO since November, takes the helm at a time when the company’s stock is struggling to meet Nasdaq’s minimum bid price requirements.
Associated Bank is reportedly alleged to have either knowingly helped to facilitate or been willfully indifferent to the Ponzi scheme, ignoring red flags of fraud and insolvency and violating the Bank Secrecy Act and anti-money laundering guidelines.
Brookfield Properties, which is looking to exit the Twin Cities market, has agreed to sell the building to a California-based real estate investment trust.
The Bloomington-based firm, which has roughly doubled its staff almost every year since its founding, now intends to grow at a “more manageable pace.”
HomeServices of America, which made a handful of acquisitions last year, plans to continue its growth with additional purchases.