The Porton Group, a private equity firm based in the United Kingdom, claims that 3M Company "botched" the clinical trial of a product that 3M acquired through the purchase of a company in 2007. The firm is now asking that the FDA investigate 3M's trial for the product.
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Founder and CEO Bob Walker, along with other leaders of Bixby Energy Systems, have resigned-a move that settled two civil lawsuits; however, the company reportedly is still subject to investigation from the U.S. Securities and Exchange Commission and a federal criminal probe.
Ray Elliott, who has led the medical device giant since 2009, will serve on a CEO search committee that will select his successor.
The new company will be a 50-50 joint venture between Cargill and Teys Bros Pty., Ltd.-an Australian beef-processing company.
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The new company will be a 50-50 joint venture between Cargill and Teys Bros Pty., Ltd.-an Australian beef-processing company.
The company's C4 Systems unit is closing its Bloomington facility, resulting in more than 100 employees being laid off. The closure is due to a terminated U.S. Army contract.
Construction began Wednesday on the final planned facility at the University of Minnesota's Biomedical Discovery District-a state-of-the-art cancer and cardiovascular research building.
The clinic is building a store through which it will gather input from people regarding what it should offer at its new permanent facility at the mega mall.
In two separate cases, the state's Commerce Department issued a $100,000 fine to debt collection agency First Financial Services and its owner, as well as a $70,000 fine to Marlon Pratt, a former loan officer.
Approximately 58 percent of the outstanding shares held by non-Cargill shareholders were cast in support of the deal.
The City of Minneapolis claims that a bill that would merge closed Minneapolis police and fire fighter pension funds with a statewide fund would protect taxpayers from rising property taxes. But it appears some details of the proposed consolidation still need to be worked out.
At the company's annual meeting on Tuesday, George Buckley reportedly defended the company's political gift to MN Forward last year and remained relatively quiet about when he'll retire.
Omar Ishrak will assume his new position on June 13 and replaces four-year CEO William Hawkins, who is retiring.
U.S. Bank sued Morgan Stanley in 2009 over a breach of contract relating to swap agreements for a collateralized debt obligation for which U.S. Bank was the trustee.
Target and U.S. Bancorp, both based in Minneapolis, made Millward Brown's list of the 100 most valuable global brands, which was led by Apple, Google, and IBM.
The MSP Business Vitality Index, which compares the Twin Cities to eight other metro areas, found that the local business climate excels in its unemployment rate and number of Fortune 500 firms-but it leaves plenty to be desired when it comes to accessing capital and attracting minority entrepreneurs.
The Northern Lights Express proposed rail project received a $5 million grant from the federal government for engineering and environmental work.
The team has decided to pursue a new 65,000-seat retractable-roof stadium in Arden Hills, and it will work with Ramsey County officials to garner support from the state, which would have to cover $300 million of the total bill.
Twenty-three finalists across four states are in the running for the Upper Midwest region Entrepreneur of the Year Awards-which will be given out in various categories next month.
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