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
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.
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
Steven Rosenstone, who took office on August 1, also told the board of trustees that he wants to ensure widespread access to educational opportunities among Minnesotans and seek new ways to partner with businesses and
The Minneapolis-based company has selected a total of 189 leases it plans to buy from Canadian retailer Zellers; it intends to open between 125 and 135 Target stores in Canada and sell the remaining leases
The 15-year-old organization will cease operations at the end of this year; its executive director, Joel Akason, will become a full-time employee of recently formed regional economic development organization Greater MSP.
Renaissance Learning's board of directors will consider Plato's $15.50-per-share buyout offer but is currently recommending that shareholders vote in favor of an offer from Permira Funds, which was recently increased to match Plato's bid.
The state's departments of Commerce, Public Safety, and Natural Resources allegedly violated age discrimination laws by offering incentives such as health and dental benefits to workers who retired at 55-but not to older workers.
Alfred KŠrcher GmbH & Company has sued Tennant Company over claims made about its ec-H2O cleaning technology, but Tennant President and CEO Chris Killingstad called the accusations "baseless" and said his company will vigorously defend
The company also will reportedly loosen return policies, increase advertising to smartphone users, and expand its Geek Squad technical support to nab sales from Amazon.com during the upcoming holiday season.
Plato's $471 million bid for Renaissance Learning is the highest offer on the table, but Renaissance's board of directors is recommending that shareholders approve a $455 million buyout offer from global equity firm Permira Funds.
Six current and former employees of Ameriprise Financial claim that their 401(k) investments were placed in poorly rated funds that had excessive fees, which resulted in the loss of $20 million; they seek to turn
According to the Star Tribune, industry observers estimate that Napster now has 400,000 subscribers-significantly fewer than the 706,000 that it had when Best Buy acquired it three years ago-and Napster hasn't been able to overtake
Local IP attorney Brad Pedersen indicated that the case doesn't look promising for the company filing the suits; he says that lawsuits with multiple defendants will be kicked out under a new patent reform act-and
Regis on Monday announced that Randy L. Pearce-who is currently president-will serve as CEO starting February, and that the company plans to lower expenses by $40 million to $50 million over the next two fiscal
A Target spokeswoman said that the departure of Michael Francis, who was leading the retailer's expansion into Canada, will have no bearing on its plans to open stores north of U.S. borders; the company hasn't
The Deephaven resident, who founded Miracle-Ear and pumped money into several companies, was a decorated World War II fighter pilot who also played a cameo role in the Watergate scandal even though he engaged in
Shortly after Regis announced a series of strategic changes, the company and one of its largest shareholders-which believes the changes fall short-are exchanging harsh criticisms ahead of an upcoming shareholder meeting.
A new report from the Minneapolis Foundation shows dramatic differences between Minneapolis residents of differing races and ethnicities-disparities that begin at an early age and affect education, jobs, housing, and other aspects of life.
Atmosphere Recovery was named a regional winner and won a prize package worth up to $20,000-and Sheerwind won a regional sustainability award, which includes $10,000 in cash and in-kind services; both will compete at a
Plato Learning's newest proposal calls for it to acquire all shares of Renaissance Learning for about $496 million-or roughly $16.90 per share-but the majority owners have pledged their shares to a $455 million buyout offer
The RiverBank, whose six branches have reopened as branches of Central Bank, is the second Minnesota bank to be shut down by state regulators this year; the first, Rosemont National Bank, was closed in April.
Xcel says that a new federal regulation that is supposed to reduce coal-fired power plant emissions does not give the company enough credit for emissions it has already reduced at two plants in the Twin
The Metropolitan Council, which oversees wastewater plants in the metro area that send water into the Mississippi River, reportedly believes that proposed state regulations could cost it millions of dollars-and says 3M should have to
In a letter to shareholders, Regis discussed its recent proxy battle with activist investor Starboard-stating that the investor is "advocating uninformed and irresponsible cost-cutting that puts the Regis franchise at risk."
Steve Eastman is the second Target executive to leave the company this month. His exit was announced the same day that the retailer's new e-commerce site crashed-although the company has said that the departure wasn't
Several Vikings players-including Adrian Peterson, Jim Kleinsasser, and Chad Greenway-are set to take part in "Celebrity Waiter Night" at Manny's. In a separate instance of Minnesota's sports professionals giving back to the community, Wild captain
Through the national Partners in Preservation program, which grants money to historic sites, the cathedral will receive $110,000 to make interior repairs; another $890,000 will be given out next month to some of 24 other
Institutional Shareholder Services has recommended that Regis shareholders vote in favor of Starboard Value's board nominees-but Regis says "the firm reached the wrong conclusion," and "this is not the time to disrupt the execution of
Shareholders of Renaissance Learning, Inc., accepted a $455 million offer from a company formed by a European private equity firm rather than Plato's latest $496 million bid-but the decision has prompted some lawsuits.