News last week that Medtronic is buying an Irish firm and moving its headquarters to that country is prompting debate here in Minnesota and across the country. Medtronic says it needs to make the move so that millions of dollars of overseas profits can be taxed at a lower rate. That has members of Congress asking if it’s time to either change the tax code or make it harder for companies to make this kind of a move.
Minnesota Timberwolves owner Glen Taylor has signed a letter of intent to buy the Minneapolis Star Tribune. Now, one of Minnesota’s richest men has 60 days to put together the deal for Minnesota’s largest newspaper.
3M Co. said Tuesday that it has acquired CodeRyte Inc., a privately held technology firm that provides computer-assisted coding solutions for health care outpatient providers.
Lawson Software Inc. said Tuesday it agreed to a $2 billion buyout offer from the private equity firm Golden Gate Capital and business-software company Infor.