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Monday A.M. Report

Visi sold to Chicago company: Visi Inc., an Internet and data-center services company, has been sold to a Chicago company for an undisclosed amount. The buyer is Telephone and Data Systems, a Fortune 500 company that also owns U.S. Cellular. Eden Prairie-based Visi will be integrated into Telephone and Data Systems’ TDS Telecommunications Corp. division, based in Middleton, Wis. Read full story

3M sues DuPont over non-stick technology patent: 3M Co. says in a lawsuit filed in federal court this week that rival DuPont Co. is infringing on a patent used to make non-stick coatings. Maplewood-based 3M said the technology allows for the capture of a compound used to make fluoropolymers such as DuPont’s Teflon, those used to weatherproof clothing and insulate wiring in aircraft. Read full story

Compensation up 46.9% for Ameriprise’s Cracchiolo: Ameriprise Financial pumped up top executive James Cracchiolo’s compensation by 46.9 percent in 2009, a year in which the Minneapolis-based financial-services firm swung to a profit and engaged in a $1 billion acquisition. Cracchiolo, Ameriprise’s chairman and CEO, received $18.8 million last year, up from $12.8 million in 2008. His 2009 pay still didn’t match the $23.5 million Cracchiolo received during the better economic times of 2007. Read full story

Shareholders sue St. Jude Medical over earnings prediction: St. Jude Medical is facing a federal securities class-action lawsuit claiming that the medical device maker and two of its top executives misrepresented the company’s financial situation to shareholders last year. The lawsuit is filed in U.S. District Court in Minnesota on behalf of the Police and Fire Retirement System in Taylor, Mich., and others who bought St. Jude stock between April 22 and Oct. 6, 2009. Read full story

URS Corp. settles with Minnesota over bridge collapse lawsuit: San Francisco-based contractor URS Corp. has reached a settlement with the state of Minnesota regarding a lawsuit filed over the fatal Interstate 35W bridge collapse two years ago. The collapse killed 13 people. URS has agreed to pay Minnesota $5 million. URS didn’t admit any fault in the settlement. It still faces lawsuits from individuals. Read full story

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