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Monday P.M. Report

North Memorial to eliminate 200 jobs, Petters money funneler sentenced to 90 months, and auction starts on “Twins Around Town” statues.

North Memorial to eliminate 200 jobs: North Memorial Health Care plans to eliminate 200 positions to make up for second-quarter revenue shortfalls. North spokesman Robert Prevost says layoffs are possible, but the focus will be on not filling open positions. The cuts come less than a month after another major Twin Cities health provider, Children’s Hospitals and Clinics of Minnesota, said it plans to eliminate 200 to 250 full-time positions by mid-November. Read full story

Petters money funneler sentenced to 90 months: A federal judge today sentenced a Tom Petters money launderer to more than seven years in prison. Michael Alan Catain pleaded guilty in October 2008 to one count of a money-laundering conspiracy in a plea deal with Minnesota’s U.S. Attorney’s Office. He will serve up to 90 months in prison for illegally funneling more than $12 billion in investor money to Petters, according to court documents. Read full story

Auction starts on “Twins Around Town” statues: The Minnesota Twins and Minneapolis Downtown Council and have started auctioning five “Twins Around Town” statues, which have appeared throughout downtown Minneapolis over the summer. Auctions began at 9 a.m. today for the statues, each of which represents a different season from the franchise’s 50 years in the Twin Cities, according to the Minnesota Twins Baseball Club. The auctions will run until Sept. 26; opening bids are $5,000. Read full story