TriWest-which originally won the health care contract but recently lost it to UnitedHealth Group after the government reopened the bidding process-is protesting the government's decision.
Industry
The Port Authority has reportedly reached a "handshake deal" with the Florida owners of the vacant Diamond Products building, under which the Port Authority would buy the land for $2.4 million and turn it over to the city to use for a regional ballpark.
The winners of the 27th annual Governor's International Trade Awards were announced at the Minneapolis-St. Paul Export Initiative luncheon in Minneapolis.
Production has ramped up at the mill, which resumed production in August, and the owners are aggressively cultivating more business.
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Production has ramped up at the mill, which resumed production in August, and the owners are aggressively cultivating more business.
The court determined that Prometheus' blood test involved naturally occurring phenomena, and its patents are therefore invalid; the ruling is expected to have broad implications in the scientific community.
Signs that the local economy is resetting in some creative and profitable ways.
Several local groups will collaborate with a Washington, D.C.-based organization to develop a plan that will double Twin Cities-area exports over the next five years, increase the number of companies that export, and increase the number of countries that local companies trade with.
The Minnesota State Colleges and Universities system will ask the state's businesses which jobs are available now-and which openings they project for the future-so that it can align its education programs with those needs and better prepare students to join the state's work force.
Minnesota has regained 81,400 jobs since the recovery began-representing more than half of the 156,300 jobs that were lost during the recession.
Wellesley, Massachusetts-based Stream Global Services already has some corporate staff members-including its CEO-working out of a temporary Bloomington office.
In its 2011 earnings report, the first one made public in four years, Carlson said it experienced 13 percent year-over-year growth in system-wide revenues-but the recession appears to have taken a toll on the company.
Surly Brewing Company intends to have a firm under contract by mid-year, and it hopes to have its new $20 million brewery "in full production" as early as 2014.
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 Plymouth-based company said it has gathered additional information on its eSVS Mesh device in order to address questions that regulators had raised.
The deal through which the Irish health care giant will buy SuperDimension- which develops minimally invasive devices used to diagnose and possibly treat lung disease-is expected to close in the second quarter of this year.
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.
UnitedHealth Group persuaded the government to revisit its 2009 decision to award a U.S. Department of Defense contract to TriWest; the bidding process was reopened, and the contract has now been awarded to UnitedHealth Group.
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.