3M invests in German “green” venture capital firm: 3M Co. announced today that it has invested in MAMA Sustainable Incubation, a German startup that provides venture capital to green businesses. Maplewood-based 3M would not disclose the terms of the transaction, which was made through the company’s Seefeld, Germany-based 3M New Ventures. Read full story

Gun manufacturer looks for ‘strategic growth options’: Magnum Research announced today that it hired Quazar Capital Corp. to explore “strategic growth options.” Fridley-based Magnum manufactures and distributes pistols, handguns and rifles, including the Desert Eagle pistol. Todd Seyfert, Magnum Research vice president of sales and marketing, said the company is retaining Minneapolis-based investment banking firm Quazar to help raise more capital to expand Magnum’s new product lines. Read full story

PepsiAmericas sales, profit fall in Q4: PepsiAmerica’s earnings fell in the fourth quarter of 2009 because of declining sales and negative currency exchange rates. The Minneapolis-based beverage bottler, which has agreed to be acquired by PepsiCo, reported net income of $34.2 million, or 28 cents per diluted share, for the fourth quarter. Read full story

Supervalu sells Shaw's stores in Connecticut: Supervalu announced today it plans to sell all 18 of its Shaw’s grocery stores in Connecticut. The Eden Prairie-based company said it has reached an agreement with Edison, N.J.-based grocery cooperative Wakefern Food Corp. to sell 11 Shaw’s stores to individual owners. It also will sell five Shaw’s locations to Quincy, Mass.-based Stop & Shop Supermarket Co. Read full story

Petters sentencing postponed to March 15: Tom Petters’ sentencing hearing has been rescheduled for March 15 at 10 a.m., five days later than originally planned. Petters was convicted in December on 20 counts of wire fraud, mail fraud and money laundering for his role in orchestrating a $3.5 billion Ponzi scheme. He faces a maximum sentence of life in prison. Read full story