Post Type of: Article

Bixby Energy Admits to Fraud, Gets Deal

Ramsey-based alternative-energy start-up Bixby Energy Systems admitted that it defrauded investors of between $2.5 million and $7 million and is cooperating with a government investigation into its former officers and

3M Offers 4,900 Early Retirement Packages

Maplewood-based 3M Company is reportedly offering early retirement incentive packages to nearly 5,000 of its employees who are approaching retirement age. A company spokesperson told the Star Tribune that the

Schwan Food Co. Lays Off 60 in MN to Cut Costs

Marshall-based The Schwan Food Company announced Thursday that it has laid off approximately 60 employees in Minnesota as part of a cost-reduction initiative. Employees affected by the reduction work at

St. Paul-Based Synovis to Be Sold for $325M

One of Minnesota's 100 largest public companies is set to be acquired. Synovis Life Technologies, Inc., has agreed to be bought by Deerfield, Illinois-based Baxter International, Inc., for $325 million,

$25M Renovation to Begin on Downtown Mpls. Hyatt

A $25 million renovation of the Hyatt Regency Minneapolis will begin this month. The renovation-which will be complete in late spring 2012-will reinvigorate the downtown Minneapolis hotel's guest rooms, suites,