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The Week's Top Business Stories

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From the editors at Twin Cities Business:

A Device That Medtronic Acquired In An $800M Deal Has Been Found Ineffective

Medtronic said that a U.S. clinical trial for its Symplicity device, which is designed to treat high blood pressure, found the treatment to be safe but ineffective.

Cabela’s Plans “Mass Hiring” For Twin Cities Store

The Nebraska-based outdoors-goods retailer said it plans to hire about 150 employees this month for its Woodbury store, which opens this spring.

Eagan Company Sold To Competitor For $820M

Call center rivals Stream Global Services and Convergys Corporation are expected to combine in the first quarter of 2014, which would create a business with about 125,000 employees at 135 different facilities.

U.S. Bank Buys 94 Branches, Doubles Chicago Footprint

Minneapolis-based U.S. Bank has reached an agreement to acquire Charter One Bank’s commercial banking operations in Chicago.

Major MN Nonprofit Cuts Jobs Due To Revenue Shortfall

Volunteers of America-Minnesota, one of the state’s largest nonprofits, said the government shutdown and sequester are largely responsible for lower revenue.

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