Joseph Anthony Graziola, III, a 36-year-old man from Glenmills, Pennsylvania, faced up to 20 years in prison for bilking $900,000 from Best Buy through his shipping company, American Same Day Service.

A regulatory filing indicates that a U.S. Bancorp executive sold 106,700 shares of common stock at an average price of $25.40 after having paid the option price of $21.93 per share.

Based on 3M's Wednesday stock closing price of $93.94, the sale of the shares would be worth $32.9 million.

A key lawmaker involved in the Vikings stadium plans is reportedly considering introducing two bills-one for the Vikings-backed Arden Hills plan and one for the downtown Minneapolis proposal.

A couple of local firms that provide services related to mergers and acquisitions say that the market is heating up-and they're gearing up to accommodate the additional demand.

Fridley-based Medtronic worked with Ford Motor Company to develop a prototype system that connects Ford's Sync technology to a Medtronic glucose-monitoring device.

The state lost more than 5,000 jobs in April, but the unemployment rate fell slightly during the month, due in part to revised March figures.

The acquisition is the company's first since it went public in April 2010-and it will boost clients, support, and research and development efforts.

The University of Minnesota selected Minnetonka-based Medica from a pool of five candidates to be its sole health plan administrator.

According to MPR, the University of Minnesota Law School could become one of a few public law schools in the nation that don't receive state funding.

The U.S. Department of Defense is expanding its partnership with Minneapolis-based U.S. Bank, a move that the bank says could save the military nearly $23 million a year.

The food manufacturer will pay 810 million euros, or about $1.15 billion, for a 51 percent controlling interest in the yogurt maker.

The Internet giant claims that it generated $1 billion in economic activity within the state in 2010 through 28,000 Minnesota businesses, Web site publishers, and nonprofits.

The Wayzata-based bank holding company is giving the incentive to new customers after they complete 10 checking account transactions.

Richard Kelly, who has spent the past four decades with Xcel and its predecessors, will leave in August-at which point Benjamin G.S. Fowke III will take the reins.

During the first quarter of this year, major Target shareholder William Ackman-who runs hedge fund Pershing Square Capital Management, LP-sold all of his 7.4 million shares in the company.