U.S. Treasury Secretary Touts Economic Progress In MinneapolisSecretary Jacob Lew met with community and business leaders to discuss the U.S. economy and the Treasury's financial inclusion initiatives.
Overseas Deal Rules Alter Medtronic AcquisitionNew government rules aimed at curbing overseas deals that cut corporate taxes appear to be working, just not entirely the way regulators intended. Minneapolis-based medical device maker Medtronic Inc., reacted to regulations announced last month by saying it will borrow money to pay for part of its nearly $43 billion acquisition of Ireland-based competitor Covidien Plc instead of using cash from Medtronic's foreign subsidiaries. Medtronic still expects to close its deal later this year or early next year.
Minn. Native Is No. 2 At State Dept.A Minnesota native has been sworn in as the number two person at the U.S. State Department.