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Minneapolis Receives Top Credit Ratings

The city said that its high credit ratings allowed it to sell $33.8 million of general obligation bonds to Morgan Stanley & Company and $71.25 million in bonds to Wells Fargo.

U.S. Bank Sued by Insurer Over $47M Loss

Omaha, Nebraska-based Woodmen of the World claims that it lost $47 million because U.S. Bank was negligent in its investments and misinformed its beneficiaries; U.S. Bank denies the allegations.

St. Jude CEO Starks Detained in India

Daniel Starks was traveling for business when an ammunition shell was found in his baggage at the New Delhi airport; an Indian newspaper reported that he was arrested and spent one day in custody.

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Lunds Eyes Downtown Mpls. Grocery Store

On the heels of a successful store in Northeast Minneapolis, Lund Food Holdings is revisiting earlier plans to open a grocery store downtown, near Hennepin Avenue and 12th Street.

Sixth Local Pleads Not Guilty in Bank Fraud Case

Olugenya Temidayo Adeniran of Maple Grove, who is now in jail, stands accused of obtaining cash and purchasing merchandise totaling more than $300,000 from the Mall of America and Southdale Mall using fraudulent credit cards.
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