The leaders of Coborn's, Chamilia, and Minnesota Wire were among this year's Entrepreneur of the Year award winners for the Upper Midwest.

The unemployment rate climbed slightly in May to 6.6 percent-marking the first time this year that it has increased-but it still remains well below the national rate of 9.1 percent.

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" with the news.

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 guidelines for using the devices were established through credible clinical trials.

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.

A 10 percent tax on the sale of pro sports memorabilia is being pitched to help pay for the state's share of the Vikings' stadium, but other local sports teams are reportedly less than thrilled with the idea.

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.

Two manufacturers-one in Canada and another in China-were separately ordered to pay 3M Company a combined $72,950 in damages for infringing on its patents; the Chinese company has appealed.

If a government shutdown occurs at the end of this month, Canterbury may be forced to suspend substantially all operations-a move that would cost it more than $1 million per week in lost sales.

Jeremey Parker was sentenced to two years in prison for hacking in to the computer networks of a subsidiary of Digital River and transferring about $275,000 to his bank account.

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.

The new Y-which will be called the YMCA of the Greater Twin Cities-will be able to better serve member needs and expand into new service areas, the organizations said.

The National Institutes of Health (NIH) gave the U of M a $51 million grant, which will support medical programs that aim to get treatments, therapies, and clinical trial outcomes to patients faster.

The U.S. Government Accountability Office on Tuesday rejected UnitedHealth Group's protest of a federal decision to rescind a contract that was originally awarded to it.

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 that it may postpone its expansion plans in Europe.