St. Paul developer Jerry Trooien owes more than $260 million to the creditors holding the 20 largest unsecured claims, according to his bankruptcy petition.
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The company's majority shareholder, Allco Renewable Energy, agreed to invest an additional $8 million in the company and committed to $22 million in future investments.
In addition to announcing strong second-quarter results, Arctic Cat said Thursday that CEO Christopher Twomey will retire at the end of the year; Claude Jordan has been named his successor.
AMC wants to renew its lease in Block E under the same terms of its current arrangement. The landlord is suing AMC, stating that the vague language in the lease should be considered "unenforceable," and it should not have to agree to an extension.
Ironton Asset Fund, which will acquire the Beacon Bluff site from the St. Paul Port ity, has one year to prepare a redevelopment plan, secure tenants, arrange financing, and close on the purchase of the 4.32-acre site on which four buildings sit.
Seven cases of people becoming ill after consuming raw dairy products have recently been discovered-and evidence indicates that the milk was produced at the same farm implicated earlier this year in an E. Coli outbreak.
The company said Friday that it is working on solving the computer glitch that is shortchanging customers for coupons; in the meantime, it is encouraging guests and cashiers to check receipts.
In addition to offering Black Friday deals, the retailer said that it will also launch a pre-Thanksgiving, four-day sale and online-only Thanksgiving Day specials.
An advertising review board recommended that General Mills discontinue five-second Chocolate Cheerios broadcast "tags" and slightly modify the product Web page-but it determined that a heart graphic contained in the cereal's packaging and Internet advertising did not convey a false message.
The Daily Beast ranked the Twin Cities as the eighth-smartest metropolitan area-down four spots from last year when the metro ranked number four.
The Twin Cities has been chosen as one of five winners in a new initiative, which supports improving access to opportunities for low-income people.
Search crews continued to look for clues Thursday morning in the disappearance of a small plane piloted by local businessman Luke Bucklin, which also carried three of his sons.
Zack Dyab and Julia Rozhansky admitted to running a mortgage fraud scheme involving 24 homes in the Twin Cities.
The company plans to refile documents for 55,000 pending foreclosure cases but will not halt its foreclosure proceedings.
La Belle Vie topped Zagat's annual list of the finest restaurants in the Twin Cities.
After 3M was unable to acquire the necessary amount of Cogent's outstanding shares through its tender offer, the company will now have to use a Cogent shareholders vote to obtain the remaining shares.