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.

Presbyterian Homes & Services made its final payment of $7.85 million for the Wayzata Bay Center, which will be redeveloped into a senior housing center, a hotel, an office building, and a retail complex.

A total of 203,756 students are enrolled in MnSCU's network of schools this fall-up 2.7 percent from last year, when the system comprised 198,794 students.

The organization has committed to adding six bike-share stations in north Minneapolis in spring 2011.

Financial terms of the acquisition were not disclosed.

By pooling their efforts rather than competing for limited resources, the six organizations hope to have an easier time capturing governmental and private funds and advocating on behalf of their members.

TCF Chairman and CEO William A. Cooper said that the provisions of the Durbin amendment violate the bank's constitutional rights on three grounds.

The complex was purchased by St. Paul-based At Home Apartments, LLC, for about $110,000 per unit.

Financial terns of the acquisition were not disclosed.

The funding is part of $727 million that was awarded by the U.S. Health and Human Services Department to 143 community health centers across the country.