February 2009 - Rochester Business News & Events

Minnesota sees growth in small farms

MANKATO, Minn. -- To paraphrase Mark Twain, the death of the family farm has been greatly exaggerated. Then again, the working definition of one has been stretched as well. "I can tell you five different def

Published Sat, Feb 28 2009 5:40 PM by Postbulletin.com Local Business

Virtual offices aid small businesses

You're basically a one-man operation run out of your garage, and you can barely afford to hire a receptionist to answer the phones. So how do you create the illusion that you're a successful agent with offices on Wal

Published Sat, Feb 28 2009 7:35 AM by Postbulletin.com Local Business

Regulators close banks in Illinois, Nevada

NEW YORK -- Regulators on Friday closed Heritage Community Bank in Illinois, and Security Savings Bank in Nevada, marking 16 failures this year of federally insured institutions. The Federal Deposit Insurance Corp. wa

Published Sat, Feb 28 2009 7:35 AM by Postbulletin.com Local Business

Consultant: Nametags can break barriers

The grocery store, the post office, a party -- no matter where Scott Ginsberg goes, everyone knows what his name is. In fact, he has made sure of it by wearing a nametag every day for nearly nine years. What began as a college experi

Published Sat, Feb 28 2009 7:35 AM by Postbulletin.com Local Business

Commercial printing booms for Post-Bulletin

Post-Bulletin Co. has added three new commercial printing accounts to its business and now prints five Spanish-language publications for regional companies

Published Sat, Feb 28 2009 6:50 AM by Postbulletin.com Local Business

New union begins Mayo labor talks

Contract negotiations for 1,100 Mayo Clinic employees kick off in March with a new union at the table

Published Sat, Feb 28 2009 12:35 AM by Postbulletin.com Local Business

West Concord construction firm owner accused of insurance fraud

The owner of a construction firm faces criminal charges alleging insurance fraud in reporting a theft of tools from an Oronoco construction site last fall.

Published Sat, Feb 28 2009 12:35 AM by Postbulletin.com Local Business

FDIC issue cease-and-desist order against Wells, Minn., bank

MINNEAPOLIS -- The Federal Deposit Insurance Corp. has ordered two Minnesota banks to cease engaging in what it calls "unsafe or unsound business practices.

Published Fri, Feb 27 2009 9:10 PM by Postbulletin.com Local Business

Firms defraud government but get new U.S. contracts

WASHINGTON -- Companies that defrauded the United States and jeopardized American lives received new government work despite rulings designed to stop them from receiving federal contracts, government investigators report.

Published Fri, Feb 27 2009 9:10 AM by Postbulletin.com Local Business

Putin: 'No catastrophe' for economy

MOSCOW -- Russian Prime Minister Vladimir Putin today sought to calm fears about the country's sharp economic downturn, saying this year will bring "no catastrophe" to the economy.

Published Fri, Feb 27 2009 8:40 AM by Postbulletin.com Local Business

Economy shrinks more than expected in fourth quarter

WASHINGTON -- The economy contracted at a staggering 6.2 percent pace at the end of 2008, the worst showing in a quarter-century, as consumers and businesses ratcheted back spending, plunging the country deeper into recession.

Published Fri, Feb 27 2009 8:40 AM by Postbulletin.com Local Business

Citigroup reaches aid deal with government

NEW YORK -- Citigroup Inc. said today it reached a deal that will give the government up to a 36 percent stake in the struggling bank. The government, along with other private investors, will convert some of their preferred stock in

Published Fri, Feb 27 2009 8:40 AM by Postbulletin.com Local Business

Minnesota loses 20,700 jobs in January

Minnesota lost 20,700 jobs in January as the state's unemployment rate surged up 10 percent from December to a seasonally adjusted 7.6 percent, according to a new government report.

Published Fri, Feb 27 2009 8:20 AM by Postbulletin.com Local Business

Eastwood Bank to demolish, rebuild U.S. 14 branch office

Eastwood Bank is planning a hefty "withdrawal" soon followed by an even larger "deposit." The Rochester bank plans to demolish most of its U.S. 14 East branch, making way for a $1.6 million to $1.7 million re-construction project.

Published Fri, Feb 27 2009 8:05 AM by Postbulletin.com Local Business

Better Business Bureau: Work-at-home scams rise as economy struggles

With the nation's unemployment rate expected to hit a 25-year high in early 2009, work-at-home Web sites which promise big money for little or no experience are extremely tempting in the best of times.

Published Fri, Feb 27 2009 7:35 AM by Postbulletin.com Local Business

February 2009 - Rochester Business News & Events

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Minnesota sees growth in small farms

Virtual offices aid small businesses

Regulators close banks in Illinois, Nevada

Consultant: Nametags can break barriers

Commercial printing booms for Post-Bulletin

New union begins Mayo labor talks

West Concord construction firm owner accused of insurance fraud

FDIC issue cease-and-desist order against Wells, Minn., bank

Firms defraud government but get new U.S. contracts

Putin: 'No catastrophe' for economy

Economy shrinks more than expected in fourth quarter

Citigroup reaches aid deal with government

Minnesota loses 20,700 jobs in January

Eastwood Bank to demolish, rebuild U.S. 14 branch office

Better Business Bureau: Work-at-home scams rise as economy struggles