A Minnesota nonprofit group-Minnesota Science Park Corporation, LLC-recently revealed details about its plans to develop 32 acres near the University of Minnesota's Biomedical Discovery District into a research park called
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The Itasca Project-a group of local business executives, public-sector officials, and leaders from area foundations-is in the process of launching a new nonprofit organization aimed at building a brand for
Xcel Energy, Inc., announced Friday that it plans to expand its wind production portfolio by up to 250 megawatts of generation in the Upper Midwest. The Minneapolis-based power utility said
Comcast Corporation on Monday will launch a rebranding initiative in the Twin Cities. The Philadelphia-based company said that it will use a new brand name-Xfinity-for its cable, Internet, and phone
PositiveID Corporation on Thursday offered to buy South St. Paul-based Digital Angel Corporation for 60 cents per outstanding share, or about $17 million. The offer from PositiveID Corporation-a Florida-based company
Minnesota foreclosures increased 11 percent in August from the prior month, well above the 4 percent increase that the nation saw, according to a report by RealtyTrac, Inc., a firm
Hillcrest Golf Club in St. Paul has been listed for sale by Grubb & Ellis Company for $4.2 million. The 18-hole, 72-par private golf club is located at 2200 East
Minnesota employers added 600 jobs in August, but it wasn't sufficient to offset unemployment-which increased to 7 percent from 6.9 percent in July, according to figures released Thursday by the
The Twin Cities' economy will take in more than $44 million through two hosting gigs-the 2010 U.S. Open Racquetball Championships and the 2015 Summer National Senior Games-taking place in Minneapolis,
Two of Tom Petters' former companies will plead guilty to their roles in the $3.65 billion Ponzi scheme orchestrated by their former leader, according to the U.S. Attorney's Office in
Burrill & Company, a San Francisco-based venture capital firm, is close to securing $1 billion for the Elk Run bio-business park that is planned for Pine Island-a project that has
Dale Kurschner has been named Twin Cities Business' new editor and will replace longtime editor Jay Novak. Novak, whose last day is September 15, is also publisher of Twin Cities
TreeHouse Foods, Inc., announced Monday that it has agreed to purchase Brooklyn Park-based S.T. Specialty Foods for $180 million in cash. TreeHouse Foods, a Westchester, Illinois-based food manufacturer, said that
Former employees of Petters Group Worldwide are being asked to return their year-end bonuses from previous years in order to help repay investors who lost money in Tom Petters' $3.65
A real estate investment trust (REIT) that last month said it might back out of an agreement to buy The Grand Hotel Minneapolis now plans to purchase the property at
Jack Link's Beef Jerky announced Wednesday that it has reached an agreement to acquire a manufacturing facility in Mankato from JBS S.A., a Brazilian multinational food company. Terms of the
Tom Petters accomplice Robert White was sentenced Wednesday to five years in prison for his role in Petters' $3.65 billion Ponzi scheme, according to court documents. In July, White-a consultant
Larry Reynolds, one of Tom Petters' co-conspirators and a businessman from Las Vegas, was sentenced Tuesday to 10 years and 10 months in prison for his involvement in Petters' $3.65