Concept Development Partners, LLC, will purchase $9 million of Granite City's newly issued convertible preferred stock and arrange for $10 million in debt financing, which will allow Granite City to buy back 3 million shares of outstanding common stock from its majority shareholder.
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A new lawsuit claims that JPMorgan ignored red flags related to Tom Petters' fraud and the company raked in millions of dollars as a result of the sale of Polaroid to Petters' company.
The plant is expected to provide more than 200 jobs during construction, which will begin January 10, and 47 full-time jobs in Kittson County after its completion.
Twin Cities Business' 2011 Business Information Guide contains 82 fact-filled lists-including "top 25" lists of advertising agencies, private companies, accounting firms, and businesses in many other industries.
The local company said that the acquisition will strengthen its position in the North American travel market by expanding its base of affiliated travel agencies to roughly 6,400.
John Opdahl and his son have created a system for fastening video-capable iPods to helmets.
Zencoder makes it easier to watch TV on your computer.
Ovative Group connects start-ups with large companies seeking innovative digital technologies.
The company opens a facility for endurance training and plans to blend consumer and corporate markets.
But how long can Groupon imitators and their retailer clients live on price cuts?
Better budgets, a terrorist named Lars, and Larry Bird.
U.S. District Court Judge Michael Davis said that 3M failed to demonstrate that it will be "irreparably harmed" if Avery Dennison Corporation continues to sell its retroreflective sheeting products.
Many local auto-repair shops, snow-removal companies, and towing companies are overloaded and expecting record or near-record sales thanks to the recent snowstorms.
Marlon Danner allegedly paid out $185,000 to his drivers as a settlement for previously underpaying them-and he then fraudulently obtained more than $120,000 of the funds by telling the drivers that the payment was a mistake.
The 69 stores that employ social workers reported a 17 percent average improvement in employee attendance between 2008 and 2009.
Most venture capitalists predict that venture firms will invest more in 2011, especially in IT companies.