The state's ranking climbed to 15th, up from 17th in 2009.
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Ned Abdul, whose offices were reportedly raided earlier this year due to fraud allegations, is now being sued by an investor who claims Abdul and a local real estate agent bilked him of at least $1.5 million.
Bruce F. PrŽvost and David W. Harrold are accused of having pocketed more than $58 million in fees while funneling more than $1 billion of investors' money into Tom Petters' $3.65 billion Ponzi scheme.
The two organizations will share a CEO beginning November 1 and will leverage their strengths by working together under a common strategy.
Last month, Digital Angel rejected a $17 million buyout offer, saying that its board had received "other informal indications of interest" that it deemed more attractive.
The deal is part of a larger agreement that includes 41 stores throughout the Midwest, mostly in Chicago and Minnesota.
The settlement involves 8,100 plaintiffs and 3,700 lawsuits involving the company's faulty defibrillator wires.
The Minneapolis School District awarded contracts to Mortenson Development, Inc., and UrbanWorks Architecture to build a new $36.8 million Educational Service Center.
After Target was notified that two of the products sold on its Web site contained excessive levels of lead, the retailer removed them from the market.
Called XO Thermix Medical, the company is developing a device to treat chronic venous insufficiency (CVI), a condition in which blood pools in the veins of the lower legs.
UnitedHealth Group's Mike Mikan ranked 13th on Fortune's prestigious "40 Under 40" list-the only executive from a Minnesota-based company to make the cut.
Two new programs-which will make available $79 million in funding-represent the first time that DEED and MnDot have collaborated to simultaneously improve highways and encourage economic development.
The Twin Cities office market experienced positive absorption for the second quarter in a row, after previously seeing six consecutive quarters of negative absorption.
University of Minnesota Physicians and the Minnesota Heart Clinic announced two years ago that they would merge their cardiology programs; now the group has a name-University of Minnesota Physicians Heart at Fairview.
Minnesota ranked eighth for energy efficiency for the second year in a row, according to the American Council for an Energy-Efficient Economy.
Piper Jaffray's private capital business will become an independent company called North Sky Capital.