Two computer hackers from Latvia were arrested in connection with a $2 million scam that involved a phony ad on the Star Tribune's Web site, through which they distributed malicious software.

Two former officers of a local failed bank and one of their customers were indicted Wednesday for allegedly participating in a multimillion dollar check-kiting scheme.

Two Minnesota residents and two Wisconsin residents were charged with racketeering due to their alleged participation in a multimillion-dollar mortgage scheme that targeted homes in foreclosure.

Governor Dayton and two leading Republican legislators reportedly plan to lock themselves in a room this weekend until they're able to make some progress toward a state budget solution.

The Minnesota Idea Open is partnering with Pentair to offer $15,000 to help implement a solution for addressing the state's water issues.

Target and several other Minnesota companies sponsor a consortium of top-ranked U.S. business schools that promotes diversity in American business; at an upcoming four-day consortium event in Minneapolis, they'll be scoping out the best and the brightest.

A foam and burlap house that looks like a giant mushroom just sold for $170,000 after being vacant for several years and on the market since August 2010; although there was considerable interest in the home, it was impossible to finance and required an all-cash deal.

The lawsuit comes about a week after the U.S. Government Accountability Office rejected the company's protest of a health-care contract that was awarded to it in 2009 and then rescinded in February.

In a separate announcement, North Carolina-based Valencell said that it has received $5.5 million in a round of venture capital investment led by Best Buy Capital.

CarVal Investors plans to launch its first Japan real estate fund later this year to raise about $500 million; Cargill has committed $200 million to the fund.

Financial terms of the transaction, which closed on June 17, were not disclosed.

Two members of the Senate Finance Committee are requesting information from Medtronic regarding its Infuse product and the financial ties between the company and doctors that conduct clinical trials involving the product.

While pleading guilty to two counts for her role in a $42 million scheme involving the Cloud 9 Sky Flats in Minnetonka, Sheri Lynn Delich told the court that she received instructions from Cloud 9's developer Jerry Trooien on how to handle the money she fraudulently received.