St. Jude Medical expects to pay about $14.5 million to settle litigation over Riata-brand wires that connect a defibrillator to the heart. The discontinued product is linked to 22 deaths.
The Minneapolis retail giant reported an overall net loss of $2.6 billion for the quarter ended Jan. 31 but said it was pleased by its sales numbers during the holiday shopping season.
To pay claims, forensic accountants will dig into the finances of the archdiocese, hunting for anything of significant value that may not have been already disclosed.
News of the settlement sent shares of Boston Scientific up nearly 12 percent in after-hours trading late Tuesday afternoon.
Starting in July, five Cheerios products, including the original and Honey Nut versions, will be free of the protein commonly found in wheat.
Target Corp. said it will cut about 350 positions in Minnesota immediately as it exits Canada. One analyst says future layoffs may be inevitable if earnings don't meet expectations.
Intuit says it's resumed TurboTax filings late Friday afternoon after temporarily halting the processing of state electronic filing of tax returns.
A federal bankruptcy judge has ordered the archdiocese and its creditors into mediation, where the parties will attempt to negotiate a settlement. But what will that mean for the church, its creditors and victims?
CEO Omar Ishrak said Wednesday that by acquiring Ireland-based Coviden and putting both companies' headquarters in Ireland, Medtronic stands to gain on several fronts.
Twin Cities-based Medtronic is expected to officially become an Irish enterprise on Monday.
U.S. Bankruptcy Judge Robert Kressel expressed concern about the length and cost of other church bankruptcies and is hoping to encourage a relatively quick and inexpensive settlement.
Hundreds of marchers jammed University Avenue and nearby streets for about four hours Monday, as they called for an end to racial profiling, an independent citizen board to review police conduct and bias and cultural awareness training for police officers.
Chapter 11 lets the archdiocese reorganize its troubled finances as it confronts clergy sex abuse costs. The archbishop says assets may need to be sold. Critics say bankruptcy won't protect kids.
As three clergy sex abuse trials draw near, a bankruptcy filing could be a logical, if painful, next step for the Twin Cities archdiocese. Here's how it could unfold.
The closures at the refrigerated baked goods plants reflect tough competition in the packaged foods industry; 500 jobs will be cut.