The bank holding company's earnings of 52 cents per share beat analysts' estimates of 49 cents per share.

The Pioneer Press reported that St. Paul Mayor Chris Coleman confirmed that a funding grant agreement will be signed next week, which will bring in $460 million in federal aid for the $957 million project.

The new medical lab, which is slated to open in February 2012, will consolidate about 12 labs that are currently located in five different buildings on the Abbott Northwestern Hospital campus.

NAIOP's Minnesota chapter, the Minnesota Taxpayers Association, and the Minnesota Chamber of Commerce plan to draft legislation requiring all government entities to use the same structure to report how they budget and then spend taxpayer dollars.

Kimberly Dana Swenson, a 38-year-old woman from Shoreview, pleaded guilty to one count of mail fraud.

Central Bank of Stillwater will assume all of the deposits of Rosemount National Bank-the first Minnesota bank to fail this year.

According to the Star Tribune, the Ohio-based discount retailer plans to open three new stores in the Twin Cities by the end of the year and is eyeing additional real estate in the area.

Approximately 9.4 percent of Minnesota's power was provided by wind in 2009, the latest period for which such data is available-and the state's wind farms now generate enough electricity to power the equivalent of 630,000 homes.

A new unit that will serve the wealthiest individuals is in the process of being created; employees of all types will be hired to staff that unit-and, separately, the bank's broker-dealer unit plans to hire another 110 financial advisers by the year's end.

With the acquisition, Ameriprise will start managing exchange-traded funds (EFT), investment vehicles that combine the potential benefits of traditional ETF investing with active portfolio management.

The company announced Thursday that it will decrease the size of its music and movie departments and outsource their functions to a third party, which will save the company an estimated $40 million annually.

The Cloud Computing Act of 2011 aims to form new enforcement tools for investigating and prosecuting hackers and encourages the federal government to negotiate with other countries to establish consistent laws related to online security and cloud computing, among other things.

Minnesota has relatively high average wages and low unemployment, according to MoneyRates.com.

The Edina-based company has completed a reverse-merger with Florida-based Vertical Health Solutions, Inc., which will reincorporate in Minnesota and ultimately make OnPoint a Minnesota-based public company.

Between October and March, the list of Minnesota companies that have lost their permits to collect sales tax reportedly grew by 38 percent.

Texas Governor Rick Perry's office announced that 3M will receive a $194,000 grant to expand a facility in Texas-a move expected to result in about 55 new jobs.