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OnPoint to Become Public Under Reverse Merger

The Edina-based company has completed a reverse-merger with Florida-based Vertical Health Solutions, Inc., which will reincorporate in Minnesota and ultimately make OnPoint a Minnesota-based public company.

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St. Paul OK’s Plans for Retail Center, Pawn Shop

The developer of a proposed retail development asked for an exception to a rule that requires "alternative financial establishments" to be located at least 1,320 feet apart. The city's planning commission on Friday approved the request, allowing the project to move forward.

Twin Cities Man’s Scams Bilked Investors of $20M

Michael Joseph Krzyzaniak, who was convicted of a federal investment fraud felony in 1993, allegedly told investors that their money would be used to fund specific projects-but instead, it funded his expenses and lavish lifestyle.

Two MN Med-Tech Start-ups Raise Combined $12.1M

In separate announcements, Rotation Medical-which is developing products for the repair of soft tissue in the shoulder-raised $10 million, while orthopedic start-up Dgimed Ortho has raised $2 million.

Central Corridor Businesses Get More Financial Aid

The Met Council announced that an additional $3.3 million will be made available to St. Paul businesses hindered by the Central Corridor light-rail construction; that's in addition to the $7.8 million that was initially available.

Dell Compellent to Hire More than 100

Compellent said that it had planned to expand its work force prior to being acquired by Dell, but resources made available through the transaction will allow it to grow immediately.

U.S. Bank, Wells Fargo Must Address Bad Foreclosures

Federal regulators are requiring more than a dozen banks across the country to determine the number of homeowners who could have avoided foreclosure in 2009 and 2010 and reimburse those who were improperly foreclosed upon.
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