David W. Cress pleaded guilty to a single count of engaging in prostitution, a misdemeanor, and was sentenced to one year of probation and a $350 fine.
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The parent company of Home Federal Savings Bank-which recently announced that it would defer a $325,000 payment owed on its Troubled Asset Relief Program loan-is now under scrutiny by its regulator.
Minneapolis-based Target unveiled plans for a new small-format store in Chicago, as well as the official moniker for its new urban locations: CityTarget.
The company's fourth-quarter and fiscal 2010 financial results were positive, but Capella faces uncertainty in light of proposed U.S. Department of Education regulations that would require it to better prepare students for employment or risk losing access to federal loan programs for financial aid for students.
The company will write checks to 1,100 member companies and more than 45,000 individuals and other businesses-including 13,009 checks totaling $38.9 million within Minnesota.
The home-improvement retailer will add about 900 seasonal workers-700 of which are in the metro area-to its Minnesota stores to accommodate for its busy season.
Minnesota's 3.2 percent increase in wages and salary in 2010 represented the second-highest increase among 15 major metro areas and well above the national increase of 1.8 percent.
Herberger's will move into the Edina mall as an anchor store in the 135,000-square-foot area that was previously occupied by Mervyns.
A new medical study says that a less rigorous approval process has allowed potentially harmful products to enter the market-but it sparked criticism that its findings contain "factual errors, faulty data analysis, and recommendations that would harm patient access to medical technology with no corresponding safety benefit."
The University of Minnesota's Board of Regents has OK'ed the multi-million dollar renovation, which includes a restored auditorium and expanded space for academics.
The move stems from a decision to consolidate the company's four existing call centers into three; the three remaining call centers will add employees, so overall call-center head count will remain about the same.
Owner and operator Bill Graves will retain current employees, as he becomes the third-largest franchisee of the pizza chain.
Ray Barton will remain chairman and focus his efforts on strategic decision making at the board level, including succession planning.
The company offered 2.1 million shares priced at $8 per share; shares fell 7 cents and closed at $7.93 on Friday-the first day of trading.
Thousands of Delta employees in Minnesota will benefit from profit-sharing payouts from the Atlanta-based airline.
The Minnesota native and cofounder of Polaris, Arctic Cat, and ASV, died in Grand Rapids on Saturday.