Both Reuters and The New York Times reported that Minneapolis-based Ameriprise and its brokerage subsidiary have reached a preliminary agreement to settle claims from investors who lost money when two private placements they bought turned out to be frauds.
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Federal regulators are requiring more than a dozen banks across the country to determine the number of homeowners who could have avoided foreclosure in 2009 and 2010 and reimburse those who were improperly foreclosed upon.
The Maplewood-based manufacturer reduced its worldwide greenhouse gas emissions by 77 percent and its U.S. greenhouse gas emissions by 79 percent between 1990 and December 2009.
The dairy manufacturer's parent company has entered into an agreement under which Kansas City, Missouri-based Dairy Farmers of America, Inc., will become its 100 percent equity owner.
According to TECHdotMN, more than 20 Minnesota-based start-ups received a combined $38 million in the first quarter-led by 8thBridge and Cima NanoTech, which collectively raised $25 million.
The Minneapolis-based retailer plans to open more than 200 stores in Canada, a move that, along with growth in other segments, could push revenue beyond $100 billion by 2017.
DEED Commissioner Mark Phillips agreed with the findings of Minnesota's Legislative auditor, citing complexity of the federal unemployment benefits program and lack of staff time as major reasons for the unresolved overpayments, and pledged to have the issue taken care of by September 11.
Pending home sales in the Twin Cities metropolitan area decreased 17.6 percent in March, marking the second month of double-digit declines after a slight rebound in January.
Upon receiving antitrust clearance, the UnitedHealth subsidiary will buy Logistics Health, Inc.
The company, which was forced to scale back during the recession, has rebounded with record profits, new employees, and plans to add 125 stores in the next five years.
The company's Infuse bone-graft device is reportedly being investigated by the Department of Justice; meanwhile, its Amplify spinal product, which is similar to the Infuse bone graft, failed to gain FDA approval.
Highly acclaimed University of Minnesota scientist Doris Taylor, whose groundbreaking research is hoped to revolutionize organ transplants, was removed last July from the board of Miromatrix Medical, a university spinoff that she founded; Taylor said she was voted off after posing questions about the company's finances and direction.
The retailer is bringing back old favorites and adding new items at each store based on consumer feedback, and it has also launched a simplified ad-match policy.
Endo Pharmaceuticals has agreed to buy the company in an all-cash deal that's expected to close in the third quarter of 2011.
Edward Phillips, who is known by many for revolutionizing the vodka industry, was also a philanthropist who served as chairman of the board of Children's Hospitals and Clinics and helped run two family foundations.
Allied Interstate, LLC, will pay $90,000 and end practices that have led to nearly 200 complaints in Oregon.