HCMC budget slashes positions, programs: Hennepin County Medical Center plans to cut more positions, and close a clinic and a cardiac rehabilitation program, as it seeks to make up for millions of lost state funding. The Minneapolis-based hospital and clinics chain Wednesday approved a proposed annual budget that would save $15 million. Read full story

Medtronic receives FDA warning letter: Medtronic Inc. announced Wednesday that it received a warning letter from the U.S. Food and Drug Administration following an August inspection of the company’s Cardiac Rhythm Disease Management facility in Mounds View. Fridley-based Medtronic said the FDA’s observations fell into four general categories and that it would reply to the warning letter within 15 days, as required. Read full story

Target to add ‘PFresh’ grocery concept at 350 stores: Target Corp. plans to expand 350 stores in 2010 to accommodate its new “PFresh” grocery concept, the discount retailer announced as part of Tuesday’s third-quarter earnings announcement. The Minnneapolis-based retailer first tested the new format last year at its stores in downtown Minneapolis and Minnetonka. It now has 108 "PFresh" stores. Read full story