Two siblings have pleaded guilty to wire fraud charges in relation to a $13 million mortgage fraud scheme that was carried out between 2005 and 2009. Ericvan McDavid, 36, pleaded

U.S. District Judge Ann Montgomery signed an order on Tuesday that will allow some victims of Tom Petters' Ponzi scheme to get back a portion of the money they lost.

Minneapolis-based start-up Alvenda, Inc., is the latest local company to make the bold decision to change its name-but at least a handful of others will consider the same move in

The Twin Cities commercial real estate market likely bottomed out in 2010, and recent economic indicators suggest that 2011 will mark the start of a slow rebound, according to NorthMarq

A recent move by University of Minnesota could help spawn the next generation of local toymakers. This semester, the U's College of Design will offer-for the first time-a toy product

Minnesota businesswoman Lois Quam will lead the U.S. government's Global Health Initiative (GHI)-a multibillion dollar program that was launched to improve health systems worldwide. Philippe Reines, deputy assistant secretary of

Nearly all of the nation's 20 major metropolitan areas saw home prices fall in November, including the Twin Cities, according to the Standard & Poor's-Case/Shiller Home Price Index released Tuesday.

The Northwestern Mutual Life Insurance Company announced Wednesday that two of its local offices-The Columns Resource Group and The Bohannon Group-plan to add 265 financial representatives to their businesses in

Cargill, Inc., has temporarily suspended cocoa bean purchases in Ivory Coast. Alassane Ouattara, the president-elect of Ivory Coast-the world's largest cocoa producer-on Monday barred cocoa exports for a month in

Minnesota Governor Mark Dayton signed an executive order on Monday that is designed to accelerate and simplify the process through which businesses receive permits from the Department of Natural Resources

Fallen auto mogul Denny Hecker's criminal case will wrap up next month when he and two codefendants-Steven Leach and James Gustafson-are sentenced for their roles in defrauding Chrysler Financial Services,

New York City-based Merrill Lynch & Company, Inc., has selected Mark Eckerline to lead the company's Minneapolis operations, company spokeswoman Selena Morris confirmed Monday. Eckerline, who joined Merrill Lynch in

Microsoft Corporation is expanding its Minnesota operations. The company said Monday that it will open a technology center in Edina-and move its regional offices from Bloomington to Edina. Microsoft will

TCF Financial Corporation may be gaining ground in its fight against new federal restrictions governing debit-card fees. Three months after TCF sued the Federal Reserve over proposed rules regarding fees

Bloomington-based Quality Bicycle Products (QBP) has partnered with the University of Minnesota to launch a program that helps fund student-owned ventures. Under the program-which is called "Purpose and Profit"-QBP will

Popular job site Monster.com recently ranked Minneapolis among the 10 hottest job markets in the United States for 2011. The Maynard, Massachusetts-based online employment site identified the top markets based

A social initiative that launched Monday seeks to explore whether there's a better use for the $500 billion projected to be spent globally on advertising in 2011. Called "Add or

Los Angeles-based private equity firm Platinum Equity was revealed Friday as the buyer of the 564-room Sheraton Bloomington Hotel Minneapolis South and announced that it is planning a complete overhaul,