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Friday A.M. Report

Piper Jaffray to hire 60 as capital markets improve: Piper Jaffray Cos. expects to hire roughly 60 investment bankers over the next year, the company’s CEO, Andrew Duff, told Bloomberg News. The Minneapolis-based investment bank will add staff to its offices worldwide. Bloomberg interviewed Duff in London, where the company plans to base its global equities business, beginning next year. Read full story

Mortenson team picked for $150M St. Paul Union Depot transit hub: A team led by M.A. Mortenson was selected Thursday as the top choice to build the $150 million transportation hub at the Union Depot in downtown St. Paul. Golden Valley-based Mortenson beat out teams led by PCL Corp. and Kraus-Anderson Construction Co. Read full story

Christopher & Banks says it will post Q3 profit: Christopher & Banks Corp. shares soared more than 25 percent early this morning after the company announced it expects to post a third-quarter profit. The Plymouth-based women’s clothing retailer said it anticipates earnings of between 19 and 21 cents per share, far exceeding Wall Street estimates. Read full story

Boston Scientific prices $2B bond offering: Medical device maker Boston Scientific Corp. has filed a shelf registration with the U.S. Securities and Exchange Commission to sell up to $2 billion in senior notes. The offering is expected to close Monday, Dec. 14. Boston Scientific, which has substantial operations in Arden Hills and Maple Grove, said the proceeds from the offering will support “general corporate purposes.” Read full story

Developer Frenz facing foreclosures, lawsuits: Legal and financial troubles continue to mount for apartment and condo developer Steve Frenz and his companies, though Frenz said he’s working his way through a rough patch and that his business interests ultimately will be fine. In the latest of several lawsuits, Wayzata-based TCF Bank has initiated foreclosure proceedings against Frenz for the former Billy’s Lighthouse restaurant site on the south shore of Long Lake. Read full story

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