A faculty procession and a sense of change accompanied the ceremony to welcome the University of Minnesota's next president. Eric Kaler becomes the university's 16th president. He replaces Robert Bruininks who is retiring his administration post, but will return to teaching.

University of Minnesota President Eric Kaler says a move to three semesters would allow more U of M students to graduate in three years and would boost tuition revenue. In his first State of the U speech, Kaler also emphasized the need to keep administrative costs down by being "nimble."

Governor Mark Dayton wants more businesses to improve education in Minnesota by adopting schools. He spoke at a Richfield school that's been adopted by both Best Buy and Fairview Hospitals. It's provided amenities ranging from laptops to a teen parent center.

Bloomberg Businessweek ranked the U's Carlson School of Management as the top school for job placement. The magazine says 97 percent of Carlson's MBA graduates had job offers within three months of graduation.

Microsoft's 1,700-employee campus in Fargo helped draw Tokyo-based Hitachi to the city. The company plans to start small, with just twenty employees but hopes to add hundreds more.

Hundreds of people gathered at the Basilica of St. Mary to honor Brother Michael Collins. The 74-year-old passed away last week, less than a month after he was diagnosed with lung cancer. Collins led DeLaSalle for twenty years and served on various Catholic education committees. During his tenure, the high school saw enrollment double and monetary contributions in the millions.