The University of Minnesota will receive an estimated $36 million over 50 years under the deal, which is expected to close in mid-April.
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The median home sale price slid 10.4 percent to $142,500 in February largely due to an increase in foreclosure sales.
The St. Paul-based enterprise software provider said that it has hired Barclays Capital to assist in evaluating the proposal and other possible "strategic alternatives" but insisted that there's no guarantee that a sale will occur.
On a new list compiled by Men's Health magazine, St. Paul ranked 29th and earned a B- grade.
News that MTS has been suspended from federal government contracting caused the company's stock price to slide on Monday.
General Electric Capital Corporation and bankrupt real estate developer Gerald Trooien have reached an $87,500 settlement agreement over unpaid loans, which resulted in liens being placed against 29 of Trooien's properties.
The new company will be based in Singapore and will manufacture and commercialize touchscreen solutions for the personal computing market.
Save My Home USA is the latest company to be accused by the Commerce Department of defrauding homeowners through a mortgage modification scam.
Patrick Hawkins, current president of the company and nephew of John Hawkins, will assume the CEO role.
The medical device giant said that it is "in active dialogue" with the FDA to address issues with the Amplify product; an FDA panel last year gave the product mostly high ratings but noted a higher incidence of cancer in patients treated with it.
Seven people arrested Wednesday-at least three of whom worked at Twin Cities-area banks-were part of a network that allegedly stole more than $10 million from some of the nation's most well-known banks.
Baretta Dean Bork and Xavier Willis Bork each face up to five years in prison for defrauding 24 area lenders out of $4 million.
A source close to the well-known singer told The Advocate that the deal crumbled because "she and Target didn't see eye to eye on Target's policy of political donations and how they affect the LGBT community."
A Reuters report indicating that the St. Paul-based software giant may be seeking a buyer boosted the company's stock price more than 13 percent on Tuesday.
Upon announcing the opening of a Shanghai office, the company said that it plans to hire 1,000 additional staff members in China during the next five years.
Negotiations with a single potential buyer are underway, but tumult in the Middle East has complicated the sale of the airline.