State law only allows a maximum of 6 percent interest on such debt, but the firm -- Bradstreet & Associates -- would typically charge 22 percent interest, Swanson said.
With the acquisition, U.S. Bank, the nation's fifth largest bank, will substantially increase its branch network and bank deposits in the region, ending up with 180 branches, and 4 percent of bank deposits.
The bank's economists project employment in the state will grow by 1.2 percent. Meanwhile, they forecast the unemployment rate will drop a bit to 4.3 percent by the fourth quarter of this year.
Longtime Minnesota state representative and one-time speaker of the House Rod Searle has died.
Physicians at Abbott Northwestern performed an angioplasty and implanted two stents to restore blood flow. Rybak is expected out of the hospital by mid-week after undergoing additional tests to determine how his heart is doing.
With the help of a fellow inmate who casts himself as a jailhouse lawyer, Petters is asking the U.S. District Court of Minnesota to reconsider a ruling by one of the district court judges, Richard Kyle.
As of early this afternoon, Delta had cancelled just three flights scheduled to depart from the Twin Cities to the area affected by the storm.
An undisclosed number of gift cards sold to customers were "not fully activated," Target officials said. As a result, the cards may not hold the value the buyer paid for.
Uber is the best known of a new generation of car services sweeping the country and shaking up Twin Cities transportation. The new services offer rides in everything from limousines and high-end SUVs to the personal cars of folks looking to make money on the side by giving other people lifts.
"The numbers are telling a good story," said David Siegel, executive director of the Builders Association of the Twin Cities. "Finally, it feels like after the Great Recession in the housing industry, we had a pretty good year in 2013."
But Target says it believes the PIN numbers are still safe because the information was strongly encrypted. It says the PIN can only be decrypted when received by its independent payment processor.
People should replace debit and credit cards whose numbers were recently stolen from Target, even if fraudulent charges have yet to show up, Consumer Reports says.
TCF Bank is telling customers cancel or replace Target debit cards linked to TCF accounts.
Target said it is working with the U.S. Secret Service and the Department of Justice on an investigation into malicious software that affected Target's check-out system in U.S. stores.
Minnesotans and North Dakotans responded strongly to an opportunity to get their donations to the Salvation Army matched by anonymous donors.