The Internal Revenue Service (IRS) is seeking $525.1 million, plus interest, from Boston Scientific Corporation. Last week, the Natick, Massachusetts-based medical-device giant received notices of deficiency from the IRS, which
Post Type of: Article
IPO activity in Minnesota has slowed significantly in recent years amid the recession but is gradually picking up steam. Two companies within the state completed initial public offerings of stock
St. Paul-based Lawson Software, Inc., announced on Monday plans to acquire Enwisen, Inc.-a Novato, California-based software-as-a-service provider for the human resources (HR) industry-in a $70 million cash transaction. Lawson said
Despite positive indicators from employment data, some of Minnesota's largest employers were forced to trim staff in 2010-and the economic downturn seems blind to industry lines. State Economist Tom Stinson
A weeklong search for Minnesota businessman Luke Bucklin and three of his sons came to a tragic end on November 1 when searchers found his small plane in the rugged
The Minnesota Twins moved into their new home at Target Field in April-a move that helped the team to break its attendance record and one that seems to have increased
Two major decisions-one at the state level and one at the federal level-had a major impact on Minnesota companies in 2010, but the effects were felt in very different ways.
Cannon Falls-based trucking company Fil-Mor Express, Inc., closed its doors on Friday, leaving more than 200 drivers without jobs. A dispatcher who answered a Tuesday morning phone call to Fil-Mor
While Minnesota's public companies have made some significant acquisitions this year, the quantity, cost, and pace of 3M's deals are particularly notable. According to company spokeswoman Donna Fleming Runyon, 3M
Eight of the state's 100 largest public companies were acquired this year-including giants PepsiAmericas, Inc., ADC Telecommunications, Inc., and EV3, Inc. The number of sales represents a significant increase in
Bloomberg reported Monday that 3M Company directors are preparing for the earlier-than-expected departure of CEO George Buckley-but a company spokeswoman said that's not the case. Citing "three people with knowledge
Trevor G. Cook was indicted, pleaded guilty, and was sentenced in August-to the maximum allowable sentence of 25 years-for running a $190 million Ponzi scheme that defrauded more than 1,000
It's been a whirlwind year for former auto mogul Denny Hecker, whose actions frequently generated headlines. Last year, his dynasty of auto dealerships, a rental car company, and other ventures
Richfield-based electronics retailer Best Buy Company, Inc., has rolled out a line of health and fitness products. The company announced Friday that it is now selling personal fitness gear, such
It has been close to five months since regulators have closed a bank in Minnesota, but the streak was broken Friday, when Community National Bank in Lino Lakes was shut
Duluth Metals, Ltd., announced Monday that it has entered into an agreement to purchase Spokane Valley, Washington-based Franconia Minerals Corporation in a deal valued at about $75.6 million. Under the
Medtronic, Inc., said Monday that its CEO since 2007 will retire next year. William A. Hawkins, who is also chairman of the Fridley-based company's board, intends to step down at
Minnesota's third-quarter personal income growth outperformed most other states in the country and was well above the national growth rate, according to a report released Monday by the U.S. Bureau