latest articles

Curtis Carlson Nelson Files for Bankruptcy

Curtis Carlson Nelson-grandson of Carlson Companies founder Curtis Carlson-listed $41.25 million in liabilities and $4.24 million in assets in his bankruptcy petition, which was filed Monday.

Block E Casino Plans Revealed, Bill Introduced

Block E owner Alatus claims that the development would generate about $125 million in annual gaming tax revenue for the state and create more than 2,400 jobs. But a state law currently prohibits casinos outside of Native American reservations, and the Minneapolis mayor says he opposes more gambling in Minnesota.

Cima Labs Parent Company Bought for $6.8B

A representative for Teva Pharmaceutical Industries, which is buying Cima Labs' parent company Cephalon for $6.8 billion, said it is too early to comment on future plans for the combined organization.

Congress Investigates Medtronic Contract Terminations

Senate Finance Committee Chairman Max Baucus seeks information about the medical device giant's decision to cancel contracts with at least two group-purchasing organizations, saying that "reports that this move was fueled by an attempt to discourage transparency and increase costs are troubling."

LarsonAllen Buys 64-Person Florida CPA Firm

A principal of the Minneapolis-based accounting firm said that the acquisition will expand its industry specialization within the southern state-and that the two firms together will make up one of Florida's largest government audit practices.

4 Cos. Pledge $13M Investment in Mpls. Schools

Target, Cargill, General Mills, and Medtronic will collectively provide $13 million to Minneapolis Public Schools over the next three years-money that will help the district cope with an expected state funding shortage of up to $27 million.

Brave New Workshop Pays $725K for Downtown Bldg.

The theater company plans to keep its longstanding and current home at 2605 Hennepin Avenue in Uptown; its classes will continue to be offered from that location while the comedy revues and custom business offerings will be housed within the just-bought downtown building.

MN Student Wins Nat’l Scholarship for Phone Apps

Rohit Agrawal is one of five high school students who received a scholarship from the 2011 NFIB Young Entrepreneur Award program, which is designed to reward and encourage entrepreneurial talents among high school students.