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

Medtronic Buys Heart Failure Treatment Company For $1.1B

The company’s purchase of HeartWare is an attempt to gain market share in an $800 million market.

Ironbound Studios Head Jerry Seppala Arrested On Fraud Charges

Investors claim Seppala and two other men stole more than $12 million in funds intended for various film projects.

After VC Funding, Mayo Incubator Tenant Looks To Expand In Rochester

Blueprint Bio’s biomarker discovery platform taps personalized medicine momentum.

Son Of Longtime Minneapolis Nonprofit CEO Found Guilty In Fraud Case

Jordan Davis faces up to 20 years in prison.

Xcel Ranked Fourth For Renewable Energy Nationwide

The electric provider was only outranked by California-based utilities.