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Friday P.M. Report

ECMC grateful police recovered stolen student loan data: A student loan insurance company breathed a sign of relief today when officials announced they found safes and more than 600 CDs’ worth of private personal information that was stolen in March. Minneapolis police found the data a few days after thieves stole property with personal student information, such as Social Security numbers, from Oakdale-based Education Credit Management Corp., one of the nation’s top ten guaranty agencies for student loans. The Star Tribune reported that the recovered materials remained in police custody for weeks because officers didn’t know what they had recovered. Read full story

Venture capital investment in state companies plummets: Venture capital investment in Minnesota companies plummeted in the first quarter, with the state's startups taking home a combined $20 million, according to the MoneyTree Report released today. In the previous quarter, the state's firms raised nearly five times that much, or $98 million. The number of companies pulling in venture financing also dropped sharply. Read full story

Company-sponsored Joe Mauer statues unveiled: Remember Peanuts on Parade? The five-year-long tourist draw in the Twin Cities that had local companies sponsoring statues of characters from Minnesota native Charles Schulz’ “Peanuts” comic strip? Today, the Minnesota Twins and the Minneapolis Downtown Council launched a similar promotion with statues of all-star catcher Joe Mauer. The life-size statues are intended celebrate 50 seasons of Twins baseball. Read full story

Carlson selling Regent luxury hotel business: Minnetonka-based Carlson Cos. And the Rezidor Hotel Group, based in Brussels, Belgium, have agreed to sell the Regent luxury hotel business to Formosa International Hotels Corp., based in Taipai, Taiwan. The deal, announced today, includes the Regent brand, the hotel management and leasing contracts for all hotel properties and the Regent Seven Seas Cruise license. Read full story

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