The trustee handling Denny Hecker's bankruptcy case is reportedly on the hunt for more hidden assets. Hecker's wife, meanwhile, has been released from prison and is in some form of supervised custody.
Industry
Plymouth-based Mosaic reached an out-of-court settlement with Potash Corporation of Saskatchewan; under the terms of the agreement, Mosaic's contract to supply the company with potash will expire at the end of 2012.
Media reports indicate that Tuesday's Senate hearing about a new Vikings stadium seemed to focus on Minneapolis' efforts-and it left some Ramsey County leaders frustrated. But key state lawmakers still seem split over which potential site has the upper hand.
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.
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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.
Thirty former associates of Tom Petters have reportedly agreed to pay $8.5 million to settle "clawback" lawsuits that are attempting to recover funds for victims of the Ponzi scheme; meanwhile, attempts to reach a deal with more than 10 other employees failed.
Google Chairman Erik Schmidt on Wednesday praised the Twin Cities' culture of entrepreneurship as he toured "co-working" firm CoCo.
An expanding client roster has helped RedBrick Health boost the number of people who receive its health and wellness services by 100 percent during the past six months.
The state took in more revenue and spent less in fiscal 2011 than it had previously anticipated-resulting in a forecasted $876 million balance for the remainder of the current budget period.
A twice-yearly survey by the University of St. Thomas Opus College of Business indicates that local real estate professionals are less confident about the near future of the commercial real estate industry than they were just six months ago.
In Roseville, two stores will be combined into one dual-format Christopher & Banks and CJ Banks store; a store in Albert Lea, meanwhile, will be closed altogether.
Casey Carl will oversee Target's digital efforts, including its new Web site, which has crashed several times since its launch.
The new name reflects ownership changes that have occurred in recent years; former co-owner Thomas Horner left the firm in 2010, and Todd Rapp became a co-owner in 2008 and now shares that title with CEO and founder John Himle.
Eligible Hormel Foods workers received a share of $16.5 million in profit-sharing payouts; meanwhile, Marvin Windows and Doors, which has traditionally given bonuses to its workers, reportedly will not pay out profit-sharing bonuses this year due to a slumping housing market.
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.
Target reveals its doorbuster deals, a Mpls.St.Paul magazine editor shares events that begin even before midnight on Black Friday, and the anti-Black Friday movement appears to have picked up steam, although stores are set to open earlier than ever this year.
After an undercover video depicting animal abuse at Sparboe Farms prompted Target and McDonald's to cut ties with it, Lunds and Sam's Club have reportedly also pulled the farm's eggs from their stores.
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