Oakdale-based independent broker-dealer Woodbury Financial Services has agreed to be purchased by New York-based insurance giant American International Group, Inc. (AIG). Woodbury Financial, a subsidiary of The Hartford Hartford Financial Services Group, Inc., will now become a part of AIG subsidiary Advisor Group.
Gallery: Remodeled lakeside home in Prior Lake on market for $2.8M
It offers privacy at the end of a dead-end road fronting onto Lower Prior Lake.
Carjacking outside ice arena in Golden Valley under investigation
Golden Valley PD confirmed it received a report of a carjacking Monday evening.
Signs that MN Legislature could move to loosen liquor laws
A provision was approved by a legislature committee on Thursday but still awaits a final decision from the House and Senate.
U.S. Bank Stadium looking to hire 400 part-time workers
A hiring fair will be held for the positions.
Weekend closures on I-35W in Minneapolis, Hwy. 77 in Bloomington
Construction season is here.
Officials looking for man last seen leaving Hudson home
David Mckay, 67, was last seen in Hudson Thursday morning.
'Hyper-contagious' BA.4, BA.5 COVID variants confirmed in MN
Omicron continues to evolve into a more transmissible virus.
Deadly night in St. Paul sees 3 people killed, 1 arrest so far
The three incidents bring St. Paul's homicide total up to 18 this year.
2 killed in broad daylight drive-by shooting in Robbinsdale
The identities of the victims have not been released.
Road deaths involving unbelted people rose again in 2021
This is the second year in a row that the number has gone up.
Hennepin Co. Sheriff Dave Hutchinson on paid leave for health reasons
The sheriff, who was recently convicted of drunk-driving, is set to stand down later this year.
Berkshire offers to buy Bloomington-based ResCap mortgages
Warren Buffett's Berkshire Hathaway Inc. is eyeing a $374 billion mortgage-servicing portfolio of Residential Capital LLC. The bankrupt lending unit, a subsidiary of government-owned Ally Financial, filed for Chapter 11 protection in May. Dow Jones News Wires reports Minnesota-based ResCap already has a proposed agreement to sell the mortgage unit to NationStar Mortgage Holdings Inc. Berkshire says it will match the $2.4 billion bid, but offer a lower breakup fee.
Shoreview-based Deluxe acquires Internet marketing company
Deluxe Corp. purchased Utah-based OrangeSoda for nearly $28 million in cash and says the acquisition will expand the number of services it can supply small businesses. OrangeSoda specializes in search, mobile, and social media campaign strategies. Deluxe sells checks, forms and offers other services.
Anytime Fitness acquires Denver-based hair-removal salon chain
Anytime Fitness Inc., based in Hastings, Minn., has agreed to buy Denver-based Waxing the City, a small chain of salons dedicated to waxing and hair removal services, the Business Journal reports. Terms of the deal were not disclosed.
Minn.-based UnitedHealth's new Texas facility likely to employ hundreds
Connextions, a subsidiary of Minnesota-based UnitedHealth, announced Thursday that it will be opening a new facility similar to a call center in Irving, Texas. The opening of the facility will likely create hundreds of new jobs in the area.
Wolves on brink of financial ruin?
A Delaware-based investment blog lists the Minnesota Timberwolves as one of seven professional sports teams with the shakiest financial prospects. The report points out that the Wolves lost $7 million last year, and could lose more this year if the NBA season is wiped out by the lockout.
Boston Scientific acquires Plymouth-based BridgePoint
Massachusetts-based Boston Scientific is buying medical startup BridgePoint Medical Inc., the Star Tribune reports. The small privately held firm has developed an innovative system to clear coronary arteries without bypass surgery. Terms of the deal were not disclosed.
Honeywell to acquire Swiss-based energy controls firm for $130M
New Jersey-based Honeywell International Inc. has reached a deal to buy Saia Burgess Controls for $130 million, the Star Tribune reports. The Swiss-based company makes programmable heating and cooling controls for commercial buildings. It will become part of Honeywell’s Environmental and Combustion Controls business, which is based in Golden Valley.
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