Jon Jason Greco received a 10-month prison sentence for lying to federal investigators about money and valuable goods tied to Trevor Cook's multimillion-dollar Ponzi scheme.
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The Minneapolis-based company, which owns Capella University, will inform the affected employees during the next two days.
The clothing retailer, which reported a net loss in four of the last five quarters, plans to close 100 stores, make significant cuts to its work force, and restructure some of its existing operations by consolidating multiple brands into dual-format stores.
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.
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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.
The company, which in April announced plans to hire 450 workers at its new Minnetonka facility, now intends to add 150 jobs in St. Paul.
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.
The firm is representing 495 fishermen who allege that they were not properly compensated under a program through which BP chartered their boats for use in cleaning up the oil spill.
The Pioneer Press reports that the Minnesota Department of Revenue and the IRS-which had sought $2.5 million in assets controlled by the receiver in the Tom Petters case-have resolved the issue.
The Met Council has joined an ongoing lawsuit seeking damages from 3M for alleged environmental effects stemming from its disposal of chemicals.
Best Buy said Monday that it will close its 11 big-box stores in the United Kingdom and also pay about $1.3 billion to buy out the Carphone Warehouse Group's stake in Best Buy's U.S. mobile phone business.
The St. Louis Park-based restaurant operator said that it has completed the acquisition of the Cadillac Ranch eatery at the Mall of America and expects to close on the purchase of six more before the end of the year.
A London court found that 3M breached an agreement to actively market a product called BacLite and ordered it to pay $1.3 million in damages; 3M, meanwhile, is touting the outcome as a victory, pointing out that the lawsuit had originally sought about $40 million in damages.
A new proposal-called "The Corridor" by its authors-calls for building a new Vikings stadium at the Farmers Market site, redeveloping the Metrodome site as a "medical campus," and establishing a new governing body to oversee the region's sports and entertainment facilities.
A restructuring plan that just received bankruptcy court approval will give majority control of Perkins & Marie Callender's, Inc., to Wayzata Investment Partners.
With the holiday shopping season right around the corner, Target reported that its year-over-year, same-store sales growth in October was almost double that experienced between October 2009 and 2010; still, the results fell short of analysts' expectations.
The new "Delta Away We Go" app allows Facebook users to plan a trip, invite their friends, discuss details, and purchase plane tickets without ever leaving the social-networking site.
The prominent white-collar crime investigator who spent more than a decade with the U.S. Attorney's office has joined UnitedHealth Group.
Several hours after an activist investor won three spots on Regis' board, the company also appointed Randy Pearce as a director-expanding the board to include eight members.
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