Joseph Traxler of Centennial Mortgage and Funding, Inc., admitted that he used funds intended for mortgage loans to cover Centennial's operating losses and to fund its payroll and other expenses.
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The prominent white-collar crime investigator who spent more than a decade with the U.S. Attorney's office has joined UnitedHealth Group.
The merged organization will have 3,600 employees-including more than 500 partners-and its annual revenue will exceed $550 million, placing it among the 10 largest accounting firms in the nation.
CEO Omar Ishrak told Reuters that Medtronic executives have explored whether the company's different businesses can perform better on their own; but the spine unit benefits from other Medtronic businesses, like one that makes surgical tools and navigation systems.
The Minneapolis newspaper joins a growing list of news providers that are implementing an online "paywall."
Target will keep its stores open 23 hours-until 11 p.m.-the day after Thanksgiving; a number of other retailers will also open earlier and stay open later in an attempt to attract more shoppers.
A toast to VIP beer and wine tastings.
Twin Cities Business' Quarterly Economic Indicator survey found that the state's employers remain optimistic, despite growing pessimism over the national economy and government.
Federal officials say a local company was duped into exporting radio frequency units to Iran, some of which were later found in explosive devices in Iraq.
Deputies in Florida reportedly found the body of Richard Carter McComb after getting a call from a man who said he was going to kill himself; McComb was arrested in June and faced six felony tax charges.
The company, which was founded in 2007 by serial entrepreneur Manny Villafa–a, has entered an agreement through which it will sell up to $20 million of its common stock.
The city's convention and visitors association is rolling out a new brand-including a logo, tagline, and revamped Web site-in an effort to attract more visitors, and in turn, create more jobs.
Governor Mark Dayton announced that the state will disburse up to $100 million among community banks to spur lending to small businesses, thus doubling the amount provided through an existing program.
The Bloomington megamall reportedly has a new group of tenants coming and thus expects to be fully leased this holiday season.
Despite a recent report from the Metropolitan Council that described the proposed timeline as "aggressive" and "unrealistic," Mortenson said it has "complete confidence" that the proposed Vikings stadium in Arden Hills can be built by 2015.
Several months after acquiring a motorcycle company and then a maker of low-speed electric-powered vehicles, the Medina-based company has bought a stake in Brammo, which makes electric motorcycles.