Here are the week's top business stories from the Editors of Twin Cities Business:

Chief Merchandiser Stepping Down At Target
Kathee Tesija is leaving the company in early July but will continue to serve an advisory role through next year.

Minnesota Is Best State For Business, Says CNBC
The North Star State received national recognition for its quality of life, economy and education departments.

3M Buys Bloomington Safety Company For $2.5B
The company purchased Capital Safety to broaden its personal safety products catalogue.

Cirrus Aircraft Lands A Major Milestone
With the Duluth company’s 6,000th aircraft sold, Cirrus continues its dozen-year run as the top seller of four/five-place aircrafts.

Piper Jaffray, Dougherty To Pay SEC Penalties<
Settlements stem from violations on municipal bond sales.