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 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

The University of Minnesota said Tuesday that it has spun off a medical device start-up. Called XO Thermix Medical, the company is developing a device to treat chronic venous insufficiency

G. Mike Mikan, chief financial officer (CFO) of Minnetonka-based UnitedHealth Group, Inc., ranked 13th on Fortune's 2010 list of "40 Under 40"-an annual list of the fastest-rising stars in the

After nearly four years of planning and preparation, the merged group of cardiologists and cardiovascular surgeons from the University of Minnesota and the Minnesota Heart clinic finally has a name:

For the second year in a row, Minnesota is the eighth most energy efficient state in the country-tied with Connecticut-according to the 2010 State Energy Efficiency Scorecard from the American