James Wehmhoff, the former accountant of Petters Group Worldwide and its founder Tom Petters, was sentenced Monday in St. Paul to one year of home detention, according to the U.S.
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Minnetonka-based UnitedHealth Group, Inc., on Tuesday posted better-than-expected third-quarter results, prompting the company to raise its full-year outlook. Net earnings for the quarter that ended September 30 totaled $1.28 billion,
3M Company recently filed a patent infringement lawsuit against Akron, Ohio-based Gojo Industries, Inc. The Maplewood-based manufacturer-along with its 3M Innovative Properties business-accuses Gojo of "infringing, actively inducing others to
Maplewood-based 3M Company, Inc., announced Monday that it has agreed to acquire the tape business of Taipei, Taiwan-based Alpha Beta Enterprise Company, Ltd. Financial terms of the deal were not
St. Jude Medical, Inc., has agreed to acquire AGA Medical Holdings, Inc, in a deal valued at about $1.3 billion, the companies said Monday. Both companies' boards of directors approved
SurModics, Inc., said Thursday that it plans to reduce its work force by 13 percent-or slightly more than 30 employees-in order to more closely align operating expenses and revenue. The
Dickson, Tennessee-based Gatlin Development Company, Inc., last week signed a letter of intent to purchase Brookdale Mall after being selected as the winning bidder on the property. Gatlin Development is
Minnesota's third-quarter foreclosure rate increased 5.56 percent from the second quarter, with 9,499 homes receiving a foreclosure filing during the quarter, according to a report released by RealtyTrac, Inc., a
Pat Kiley, a former nationally syndicated local radio personality, on Thursday filed a formal response to a suit that was brought against him by the U.S. Security and Exchange Commission
This year, Minnesota inched its way up Forbes' annual list of the country's best states for business and careers-climbing to 15th after coming in 17th in 2009. Minnesota garnered attention
Twin Cities real estate developer and nightclub owner Ned Abdul is facing new fraud accusations. Brian Lawton of Edina, an investor in two of Abdul's real estate deals, recently filed
The U.S. Securities and Exchange Commission (SEC) on Thursday charged two Florida-based hedge fund managers and their funds with fraudulently funneling more than $1 billion of investor money into Tom
The two largest nonprofit groups representing Minnesota's life-science industry said Thursday that they have formed a partnership that will help the state to compete on a global scale. LifeScience Alley
Digital Angel Corporation said Tuesday that it has hired an investment banking firm to provide advice on "alternative strategies." New York-based AgriCapital Corporation was hired to provide an independent valuation
Emeryville, California-based Jamba Juice Company announced Wednesday that it has agreed to sell seven Minnesota stores as part of its refranchising program. The deal is part of a larger agreement
Medtronic, Inc., said Thursday that it has agreed to pay $268 million to settle U.S. lawsuits related to faulty defibrillator wires that may have played a role in 13 deaths.
The Minneapolis School District on Tuesday awarded contracts to Mortenson Development, Inc., and UrbanWorks Architecture-both based in Minneapolis-to build a new $36.8 million Educational Service Center. Mortensen received a $35.6
A study commissioned by the Oakland, California-based Center for Environmental Health (CEH) recently found excessive levels of lead in children's products from retail giants Target Corporation and Wal-Mart. According to