Eden Prairie-based SurModics, Inc., announced Tuesday that it has appointed Gary R. Maharaj as its CEO and will explore strategic options for its pharmaceutical business, including a possible sale. Maharaj

Richfield-based Best Buy Company, Inc., on Tuesday reported third-quarter earnings of $217 million, or 54 cents per share-down from $227 million, or 53 cents per share, during the same period

Richfield-based Best Buy Company, Inc., has reached a settlement with the State of Connecticut through which it will pay the state $399,000 to have a lawsuit dropped. The State of

SurModics, Inc.'s largest shareholder-Ramius Value and Opportunity Advisors, LLC-on Monday officially nominated three candidates for the company's board of directors. Last month, Ramius-which owns about 12 percent of SurModics' shares-submitted

A list of the top 10 social media personalities from the Twin Cities was announced last week, and the diverse pool of winners reflects the wide array of uses-and users-of

Brea, California-based Beckman Coulter-which has a manufacturing facility in Chaska that employs about 750 people-is reportedly looking at buyout offers, according to reports from The Wall Street Journal and Bloomberg.

Dell, Inc., which announced last week that it was in "advanced discussions" regarding a merger with Eden Prairie-based Compellent Technologies, Inc., said Monday that the companies have reached a deal.

Hormel Foods Corporation on Monday announced that its board of directors has authorized a two-for-one split of the company's common stock. If approved by stockholders, the split will be the

A health clinic in Apple Valley has agreed to pay $195,000 to settle a suit that accused it of improperly billing the federal Medicare and Medicaid programs for outpatient services,

The University of Minnesota spun out more companies in fiscal 2010 than it did in any of the previous five years-but revenue from technology commercialization was down from last year,

United Properties and StuartCo, both of which are based in Minneapolis, announced Thursday that they have received approval from the City of Bloomington to commence construction of a multi-phase retail

David McCaffrey, a businessman from Wayzata, was sentenced Thursday to two-and-a-half years in prison for defrauding investors out of $8 million. The sentence, which was handed down in U.S. District

Public-sector pay should be changed to better reward productivity and efficiency, according to a report released Thursday by the Minnesota Chamber of Commerce and commercial real-estate trade association NAIOP Minnesota.

Eden Prairie-based Supervalu, Inc., announced Thursday that it has named Sherry Smith as the company's chief financial officer (CFO)-a post she had previously held on an interim basis. Smith will

A months-long, contentious legal dispute between the U.S. Environmental Protection Agency (EPA) and Minneapolis-based Xcel Energy, Inc., has been settled. Court documents filed Thursday state that Xcel has agreed to

General Mills said Thursday that it has reduced sugar levels in kids' cereals by 14 percent on average since 2007-and 8 percent of that reduction was achieved in 2010. Last