Frustrated by their annual wrangling over health care reimbursement rates, care provider Fairview Health Systems and insurer Medica decided to try something more collaborative. They didn’t know it two years ago, but they were forming
Consumers have reportedly responded favorably to smaller versions of Dairy Queen Blizzards, which launched last month; the company's chief brand officer says that "consumers are willing to pay a little bit of a premium" for
The first Minnesota Suppliers Showcase will kick off on May 24; it will convene small suppliers and sourcing departments with large corporate and government purchasers in the hopes that the two parties may form partnerships.
Lunds, which has long considered opening a grocery store in downtown Minneapolis, is now moving forward with plans for a 20,000-square-foot supermarket and a 5,639-square-foot liquor store, pending approval from the city.
June 14th marks the 30th anniversary of a tornado that tore through Sound of Music's flagship Roseville store. The company responded with a "tornado sale"-promoted as a "best buy"-and its success prompted a name change
McNamara gave millions to his alma mater, the University of Minnesota, and enjoyed an unconventional career of buying bankrupt or foreclosed small businesses and using borrowed money to resurrect them.
Eden Prairie-based Gelco has agreed to pay the money in connection with a business deal that dates back to 2005; $2.1 million would go to Hecker's bankruptcy trustee on behalf of Hecker's creditors, $1.5 million
Shares of the company's stock fell Tuesday morning after Medtronic announced a 19 percent drop in fourth-quarter earnings, largely due to layoff expenses and weak implantable cardioverter defibrillator sales.
Recently released data shows that Minnesota businesses received more than $27 million in 2010 through two federal grant programs-the Small Business Innovation Research and Small Business Technology Transfer programs.
The Minneapolis Fed said that banking conditions in the Midwest remained relatively flat during the first quarter, but Senior Vice President Ron Feldman expects improvement during the rest of the year.
The Minneapolis-based bank will pay $1.2 million to resolve allegations that it failed to comply with FHA requirements in connection with 27 mortgage loans that resulted in losses of more than $465,000.
The Star Tribune reported that an increasing number of local companies are experimenting with ways to make work fun for their employees; efforts include everything from reviving company picnics to daily in-house foosball games and
The Austin-based food maker saw a 20 percent jump in second-quarter profit, prompting it to raise its earnings guidance for the fiscal year that ends in October; but the company's stock price decreased almost 5
A study that appeared in the June issue of The Spine Journal found that back surgery patients treated with Medtronic's Infuse product experienced higher rates of sterility; Medtronic and two surgeons involved in the original
A recent report says that the cost of running a medical device production facility in the Twin Cities is competitive with other domestic locations, and there are a lot of other factors that can attract
William Garfield Sandison, the former CEO of Community National Bank, is one of three executives from the bank who executed a scheme to defraud other financial institutions through the financing of Ramsey Town Center.
The trial, which started Tuesday and relates to the 2007 deaths of five workers at a hydroelectric plant in Colorado, marks a rare instance when federal prosecutors have brought criminal charges against a company.
Inc. magazine, which published the list, said that the company's original name-Minnesota Mining and Manufacturing Company-sounded "robotic and dull," but a nickname coined by the founders was just the ticket.
Minnesota Attorney General Lori Swanson has asked the Minnesota Public Utilities Commission to assess the effects of CenterPoint Energy's tiered pricing structure, which charges customers higher rates as their gas usage increases.
In the latest decision in a long legal dispute between two pension funds and the City of Minneapolis, an appellate court agreed with a district court ruling that said the funds miscalculated benefits and overcharged
A media representative of the local airline told the Star Tribune that its promotion via deal-of-the-day Web site Groupon "will allow us to reach new travelers who might not have tried Sun Country in the
Among the country's 50 most populous metro areas, Minneapolis and St. Paul together ranked first on the American College of Sports Medicine's list; the ranking is attributed to the area's relatively low smoking rate, above-average
American Medical Systems has settled two separate lawsuits alleging that its board breached its fiduciary duties in connection with the company's $2.9 billion merger agreement with Endo Pharmaceuticals.
New regulations require for-profit schools like Capella University to demonstrate that they prepare students for employment-but they have been altered from an earlier draft to allow colleges multiple chances to improve their performance before losing
Target and Fairweather, Ltd.-which owns 15 Target Apparel stores across Canada-failed to reach a settlement through formal mediation; thus, a federal court trial is scheduled to begin in November 2012.
Best Buy sued Andrew Clayton last year and reached a settlement under which Clayton was required to cease infringing on the Geek Squad trademark-but the electronics retailer took him back to court after discovering continued
Congressman Erik Paulsen said Thursday that the FDA's pre-market review processes lack "consistency, predictability, and transparency," which is making it difficult for firms to bring their products to market in the United States.
Three key changes will now make it easier for companies seeking to participate in the program, which gives a 25 percent tax break to individuals and investment funds that provide seed money to businesses focused
The Minnetonka-based company will use the 450,000-square-foot Eden Prairie complex to house the headquarters of its recently-unified Optum health services businesses-OptumHealth, OptumInsight, and OptumRx.
U.S. Bancorp and TCF Financial Corporation have voiced opposition to proposed federal rules that would limit debit-card swipe fees-but some of Minnesota's small business owners are heading to nation's capitol to give their support.
IBM will invest $1.5 million in researchers' time that will be spent on exploring ways in which the city can improve services and cut costs; Minneapolis will contribute $150,000 to cover project management and IT
Delta CEO Richard Anderson wrote a letter to employees indicating that despite moving Minnesota jobs to Atlanta, the airline is still committed to its hub at the Minneapolis-St. Paul International Airport.
As negotiations continue about who would pay for $131 million in road construction associated with an Arden Hills stadium, Ted Mondale, who's leading negotiations for the state, reportedly said that the parties involved are "kind
Kal Patel recently left his executive posts at Best Buy to become a partner at VantagePoint Capital Partners-where he will help expand global investments by the venture capital firm and lead initiatives involving "strategic partners,"
Cargill is invested in numerous U.S. businesses that export directly to South Korea, and the trade agreement awaiting ratification "is critical from both an economic and agricultural industry standpoint," according to Cargill Chairman and CEO
The U.S. Department of the Treasury is withholding financial incentives for Wells Fargo Bank, Bank of America, and J.P Morgan Chase Bank until they improve their efforts in a federal initiative called the Making Home
A proposal to delay regulations that would put a new cap on debit-card swipe fees that large banks charge merchants fell six votes short in the U.S. Senate on Wednesday; big banks are disappointed, but
Bill de Blasio, who sits on the board of a major Target shareholder-the New York City Employees Retirement System-wants the company to change its policy on political donations; Target CEO Gregg Steinhafel told shareholders that
The Minnesota Council of Nonprofits said that the bulk of Minnesota nonprofits that recently lost federal tax-exempt status are defunct; those that are active but failed to meet new reporting requirements can reapply to have
The state is reportedly required to issue severance payments and cash for unused time off to the 36,000 employees that could be laid off under a government shutdown this summer-which will cost the state millions.
EnXco's Merricourt Wind Project recently received final approval from the North Dakota Public Service Commission-but in order to move forward with the project, the company needs Xcel to settle a lawsuit and resume its contract
Job resource Web site Monster.com indicated that industries to watch locally include health care (practitioners as well as technical and support workers), business and financial, and information technology (IT).
The St. Paul offices of BeneVento Capital, which analyzes life insurance policies for clients, were reportedly raided on Wednesday by investigators from the Minnesota Commerce Department's insurance fraud division.
Mark Sutton and Joseph Finney each received prison sentences for enticing investors to buy shares in an investment dubbed "Envestclub," which they said offered high returns. But they didn't disclose that they were taking portions
As shareholders prepare to vote on the proposed acquisition of Lawson Software, recent market activity indicates that investors have attempted to profit from the deal in a variety of ways-sometimes successfully, sometimes not.
The electronics retailer reported a decline in first-quarter earnings but outperformed analysts' expectations, sending its stock price up on Tuesday morning. And the company said that it doesn't comment on rumors like one that suggested
Investment funds that together lost $165 million in Tom Petters' massive fraud scheme sought repayment of their losses, but the Supreme Court rejected an appeal that challenged a federal judge's order denying restitution.
Attorney Louis Freeh on Tuesday announced that neither former Senator Norm Coleman nor businessman Nasser Kazeminy-who was accused of funneling $75,000 to Coleman-will face charges, as the Justice Department has concluded its investigation.
Workers at a Target store in New York will vote Friday to decide whether to join the largest retail union in the country, which could reportedly have ramifications for Target Corporation and the retail industry.
A recent survey of 50 local real estate professionals showed signs of optimism about the commercial real estate market during the next two years, despite an anticipated increase in land prices and building materials.
As Johnson & Johnson prepares to stop manufacturing drug-coated stents, competitors like Medtronic and Boston Scientific could see a boost in sales. Surmodics, however, a supplier to Johnson & Johnson, said that it is "disappointed"
Roughly 40 percent of patients implanted with cardiac resynchronization therapy devices may not reap benefits from the expensive treatment, according to a new study. But med-tech giants Medtronic and St. Jude disagree, stating that current
According to the National Trust for Historic Preservation, the Pillsbury "A" Mill Complex in Minneapolis was foreclosed on late last year, and local residents fear that the site will be broken up for development.
The recreational vehicle manufacturer said that some employees are being offered jobs at locations where work is being transferred-including Wyoming, Minnesota; Spirit Lake, Iowa; and office locations in the Twin Cities.
If a merger agreement is reached, Multiband said that the acquisition of Pennsylvania-based WPCS International would add more than $100 million in revenue and between $5 million and $8 million in earnings annually.
Starting August 1, Welsh Companies' brokerage and property management divisions will begin operating under the Colliers International organization-marking Colliers' reentrance into the Twin Cities market.
According to a new real estate report, Red Wing is the most expensive Minnesota housing market, and Owatonna is the least expensive; with an average listing price of $329,782 for a four-bedroom, two-bathroom home, St.