Investors filed a suit accusing Gary Vibbard of selling unregistered securities through his company based on exaggerated claims; they want to recover the $3 million they invested.
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For the quarter that ended in March, the company reported a net loss of about $20.5 million on net sales of $63.3 million; its president says that a planned restructuring will help it return to positive cash flow.
A federal jury reportedly found that Peter Elkin misappropriated Mayo Clinic's trade secrets, but Mayo was also ordered to pay the doctor royalties for software he created while employed there.
HealthEast will launch a national search to find a replacement for Tim Hanson, who has held leadership positions within the health care system for nearly 40 years.
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HealthEast will launch a national search to find a replacement for Tim Hanson, who has held leadership positions within the health care system for nearly 40 years.
The planned site will include a 90-unit senior living facility, a McDonald's restaurant, and four acres for further business development.
Brookfield Properties will reportedly put the downtown building-which includes the City Center retail complex-back on the market after it unsuccessfully attempted to sell its local properties during the recession.
According to the Star Tribune, Bixby Energy Systems is facing claims from board members and investors that the company has been mismanaged, which is putting the company at risk.
Under the terms of the agreement, Toshiba Medical Systems Corporation will pay $18.75 for each of Vital Images' outstanding shares.
Medtronic said that 268 Twin Cities employees were notified this week that they were being laid off as part of a worldwide cut, which was initially announced in February.
The company will hold a career fair next month to scout potential employees to fill the 100 positions it plans to add by the end of the year.
Comcast is immediately seeking experienced and "technologically savvy" workers for its new Minnetonka facility. The company said that it chose Minnesota for the center due to its attractive work force demographics.
Despite posting a 3 cents-per-share drop in earnings due to the disasters in Japan, 3M reported increased earnings and record sales of $7.3 billion in the first quarter-prompting the manufacturing giant to raise its outlook.
For the second month in a row, Twin Cities home prices declined faster than those from throughout the rest of the country.
Larry Gene Hillard, a former Wells Fargo loan officer, fraudulently helped secure loans for 12 properties, which resulted in $1.4 million in losses.
Minnesota's largest county already occupies more than 63,000 square feet of space in the building, and it will move at least 150 additional employees later this year.
The state has awarded roughly $1.1 million in grants to aid Minnesota workers who were laid off; $800,000 will go to about 200 former Lockheed Martin employees, and $280,000 will benefit about 70 former Express Scripts workers.
The two companies are researching a way to administer a new drug to the brain using an implantable drug-delivery system.
Dan McKeague-a sales manager for local radio stations KQRS and Love 105-was chosen from thousands of applicants and has already made his vocal debut on a new Aflac commercial.
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