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Former UnitedHealth Exec. Named Blue Cross CEO

Kenneth Burdick will take the helm in mid-February; he most recently served as senior vice president of Coventry Health Care and CEO of its Medicaid and behavioral health businesses; but Burdick reportedly spent 14 years at Minnetonka-based UnitedHealth Group.

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Regis Ousts COO Following Board Shake-Up

A couple of months after a contentious proxy fight resulted in an activist investor winning three spots on Regis' board, the company has terminated the employment of its chief operations officer for undisclosed reasons.

3M Invests in California Water Treatment Co.

HydroNovation develops water-conditioning systems that reduce the amount of potentially hazardous substances and minerals in order to create high-quality drinking water for homes and buildings.

Buffets Enters Bankruptcy; 81 Restaurants to Close

The restaurant operator also filed a reorganization plan that includes eliminating its $245 million of outstanding debt and closing 81 "underperforming" restaurants; the company expects to complete the restructuring process and exit bankruptcy protection within about six months.

Dayton Finds Faults in Stadium Plans, Leans Toward One

The governor appears to favor the Linden Avenue site near the Basilica of St. Mary, although he believes all three of the front-runner proposals have problems that could prevent a stadium proposal from receiving legislative approval this year.

Ecolab to Cut 500 Positions in Post-Merger Restructuring

Shortly after finalizing its purchase of Nalco Holding Company, Ecolab said that it's embarking on a restructuring and cost-saving effort that will result in pre-tax special charges of $480 million over the next couple of years-but fuel cost savings of $250 million annually by the end of 2014.
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