latest articles

Larry Taylor Named North Memorial CEO

Taylor has served as interim CEO since earlier this month when then-CEO David Cress was suspended from the hospital system without pay after being arrested in a prostitution bust.

Two Petters Co’s Plead Guilty, Will Not Be Fined

Each company could have been required to pay an $87 million fine in connection with Tom Petters' $3.65 billion Ponzi scheme, but prosecutors recommended that there be no criminal fine so as to return as much money as possible to the victims.

Digital Angel Rejects Buyout Offer

Digital Angel's board of directors unanimously rejected the $17 million offer from Florida-based PositiveID Corporation, describing it as "inadequate" and "highly opportunistic."

Metro Home Prices: Down in July, Up From Last Year

On a seasonally adjusted basis, Twin Cities home prices posted one of the highest decreases among 20 U.S. metro areas tracked; but without adjusting for seasonality, the average home price rose 0.8 percent, representing one of the highest increases.

Best Buy to Hire 29,000 During Holidays

CEO Brian Dunn expects sales during the company's "most important holiday season ever" to be driven by smartphones, touch-screen tablet computers, new video-game devices (including some with 3-D games), and e-readers.