The merged organization-which claims to be one of the largest of its kind in the United States-will employ more than 500 people and manage more than 55 million square feet of property.
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Carlson co-owners Marilyn Carlson Nelson and Barbara Carlson Gage are the richest Minnesotans, followed by Whitney MacMillan.
Cardio3 BioSciences-which develops regenerative and protective therapies for the treatment of heart disease-hopes the new subsidiary will support its clinical and development activities in the United States and bolster existing ties with Mayo Clinic.
WellPoint, Blue Cross Blue Shield of Michigan, and Health Care Services Corporation have reportedly bought a 78 percent stake in the start-up for an undisclosed amount.
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WellPoint, Blue Cross Blue Shield of Michigan, and Health Care Services Corporation have reportedly bought a 78 percent stake in the start-up for an undisclosed amount.
Two former officers of failed Pinehurst Bank and a bank customer are facing new charges through a superseding indictment, which alleges that the men were involved in a $1.9 million "check-kiting" scheme that led to the bank's demise.
A federal jury also held Medtronic liable for $660,000 in damages to NuVasive for infringing on one of the company's patents.
Regulators want more information from Kips Bay Medical before allowing the company to conduct a U.S. clinical trial for its medical device; the device is currently being sold in six countries and has been implanted in roughly 250 patients.
The Partners in Preservation program has chosen 25 historic sites in the Twin Cities that will compete for a total of $1 million in preservation grants; residents can now vote on which sites will receive the grants.
The Pioneer Press reported that the company is enjoying a huge growth spurt this year and that it plans to move its headquarters to Eden Prairie in April to accommodate the growth.
Richard S. Willis replaces former CEO Cary Deacon, who left in April when the board made several bold moves and determined that the company needed a new leader to help grow its revenue.
The Minnesota Department of Commerce said the alleged scheme involved real estate companies, real estate closers, appraisers, mortgage brokers, and numerous buyers and defrauded lenders in the sale of at least 45 properties.
The two organizations said the new contract extends the Target Center naming rights partnership through 2014 and will allow them to gain a better understanding of the potential for future renovations to the arena.
The Minnetonka-based insurer and three other U.S. insurers will reportedly supply data to a newly created nonprofit group that will distribute it to researchers for analysis.
Klapmeier, who founded the Duluth-based company in a Wisconsin dairy barn with his brother 25 years ago, replaces Brent Wouters, who is no longer with Cirrus.
The firm's new research Web site is scheduled to launch on September 28 and will allow academics and investment professionals to share their white papers and other research on the hedge fund industry.
Michael Mahoney will assume the role of Boston Scientific president next month, but he can't supervise competing businesses or become CEO until November 2012 because of a non-compete agreement with Johnson & Johnson.
According to the Pioneer Press, some Target.com shoppers got notices indicating that their Missoni orders have been cancelled or their shipments have been delayed and need further approval-despite the fact that they received confirmation of their online orders.
Minnesota's official unemployment rate remained unchanged at 7.2 percent in August-in part because a "smoothing out" of data understated the effect of 22,000 laid-off state workers who returned to the job following the state government shutdown. A state official told Twin Cities Business that the "unsmoothed" rate is 7 percent.
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