latest articles

Mpls May Sue State During Shutdown Over $44M in Aid

The City of Minneapolis says that it has been allocated millions of dollars in state aid that doesn't require legislative action and should be paid regardless of whether a state government shutdown occurs; the city is now poised to sue the state if it doesn't receive the payments on time.

Pursuit Vascular: Time to Bring in New CEO

The transition will give founder and former CEO Bob Ziebol more time to focus on getting regulatory approval for its device in Europe and the United States-and to pursue additional products.

Target Sells Rights to 39 Canada Sites to Wal-Mart

Target, which in January acquired leasehold interests for 220 Canadian sites in preparation for its expansion north of U.S. borders, has transferred the rights to 39 of those sites to Wal-Mart for an undisclosed sum.

“Mystery Shoppers” Pose as Patients, Call MN Doctors

A new initiative by the Obama Administration will reportedly involve government contractors calling Minnesota's doctors' offices under the guise of being real patients; the effort, which some doctors oppose, will show whether physicians respond differently to patients with public or private insurance.

Pending U.S. Bill May Help Small Cos. Go Public

The Small Company Capital Formation Act of 2011-which will amend the Securities Act of 1933 and exempt small companies from certain rules when completing an initial public offering-is reportedly expected to clear the Financial Services Committee this year.

Nonprofit Life Link III CEO Arrested on Tax Charges

Richard Carter McComb allegedly failed to file individual income tax returns in Minnesota for tax years 2007 through 2009 and now faces six felony tax charges; Life Link III said that it will continue to operate as usual and that the investigation surrounding McComb doesn't involve it.

Target Dealt Blow in Trademark Fight With Canada Co.

A federal court judge in Canada dismissed an injunction request by the Minneapolis-based retailer; the request aimed to prevent a Canadian company that owns 15 Target Apparel retail stores from using the Target name until a trademark trial that's set to begin next year.