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Monday P.M. Report

Neighbors say UnitedHealth ex-CEO McGuire bought Garnett home, DQ to expand to Saudi Arabia, Cargill to partner with Meyer on meat products, and former exec Paul Singer dies.

Neighbors say UnitedHealth ex-CEO McGuire bought Garnett’s home: Former UnitedHealthCEO William McGuire is the new owner of Kevin Garnett’s Orono estate, according to interviews with neighbors, who declined to be named. Attorney Harvey Kaplan, representing the buyer identified in public records only as Orono Orchard Road Properties LLC, on Monday again declined to divulge his client or discuss the deal. McGuire owns a neighboring 8.48-acre estate worth $5.3 million and other properties, including two adjacent to the Garnett home that cover more than four acres and are worth nearly $2.1 million. Read full story

Dairy Queen to expand to Saudi Arabia: International Dairy Queen has signed a franchise deal with Al Safwa Food Group to open locations in Saudi Arabi, the company said today. Al Safwa will open its first Dairy Queen next spring, with an estimated 32 locations open by 2015. It will be Dairy Queen’s 17th international market outside the United States and Canada. Read full story

Cargill to partner with Meyer Natural Foods on meat products: Cargill’s U.S. beef business has entered into a multi-year marketing agreement with Loveland, Colo.-based Meyer Natural Foods. Terms of the deal weren’t disclosed. The agreement is designed to expand sales of Meyer Natural Angus and Laura’s Lean Beef, which are targeted to consumers of natural and organic beef products. Read full story

Ex-Supervalu, Target exec Paul Singer dies after brain cancer battle: Former Target and Supervalu executive Paul Singer died Friday after fighting brain cancer for 19 months, according to a notice published by Washburn-McReavy Funeral Chapels. He was 56. The businessman was chief information officer at Eden Prairie-based Supervalu from July 2006 until last year. Read full story