The company has agreed to purchase a grain commodities business in Australia and has acquired a majority stake in an Indonesian firm that produces sorbitol-a sweetener found in food, cosmetic, and pharmaceutical products.

The medical device startup will use its proceeds to continue working to gain U.S. regulatory approval of its Maestro RC System, which uses electrical impulses to block the nerve that makes people overeat.

In addition to its request for funding next year, the Minnesota Science and Technology Authority hopes to secure $750 million in state money over the next 10 years.

The number of jobs declined by 5,100 in November, while the state's unemployment rate-7.1 percent-remained well below the national average.

Iron Range Resources and PolyMet Mining Corporation are nearing a deal that could grant the mining company a $4 million loan and give the state agency a stake in the company.

The hair-care company said that it's done exploring "strategic alternatives" and plans to continue with its existing business plan-although it will implement some new initiatives in an attempt to boost long-term shareholder value.

The University Avenue Business Association and the Asian Economic Development Association want a compensatory fund of at least $20 million to $30 million for businesses to be established before area construction begins on the Central Corridor light-rail line.

News of the company's lower-than-expected sales and a decline in earnings caused its stock to drop nearly 15 percent.

All positions were filled internally and are effective as of January 3.

Ritchie Capital Management says that it and other victims of Tom Petters' Ponzi scheme have been denied restitution by the courts. A local expert said that there are "sufficient mechanisms" in place for creditors to recover valid claims.

Kenneth Hasse, who was chairman of ConServe's board, was charged with one count of conspiracy to commit wire fraud and one count of tax evasion in connection with the $8 million fraud scheme.

Gary R. Maharaj will lead the company as it explores strategic alternatives for its pharmaceutical business, including a possible sale.

The electronics retailer, which is accused of overcharging customers by advertising lower prices on its Web site than at its in-store kiosks, did not admit to any wrongdoing.

The company's largest shareholder officially nominated three candidates who it says will help address SurModics' "long-term underperformance."

The list of the top 10 social media personalities from the Twin Cities includes business leaders, writers, a disc jockey, and a lifelong Vikings fan.