The Week's Top Business Stories

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From the editors of Twin Cities Business:

Minneapolis-based Digital Creative Agency Closes Its Doors

The owner of a Web design company in Northeast Minneapolis said an unpaid client bill and the delay of other projects forced him to shutter his operations.

Twin Cities Med-Tech Firm Has Now Raised $251M

CVRx raised $12 million in its latest round, bringing its total investments to $251 million since the company was founded in 2001.

Shareholder Group Presses ValueVision To Replace CEO

ValueVision, known widely for the ShopNBC business that it rebranded earlier this year, is being urged to revamp its board and replace its chief executive.

City Of Mpls. Will Cover Half Of The $97M Target Center Facelift

A deal announced Monday, which must be approved by the Minneapolis City Council, calls for the city to pay $48.5 million for the renovation, as well as at least $50 million in ongoing capital improvements.

Imation Divests Business As Losses Keep Mounting

The 3M spinoff sold one of its businesses in an attempt to turn itself around, but its quarterly loss was worse than analysts expected.

Target And General Mills Are Top MN Grantmakers

Target and General Mills each paid cash grants of more than $100 million last year, although both companies allocated just 18 percent of those grants within Minnesota.

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