March 2009 - Rochester Business News & Events

Flood dampens North Dakota's economic success

FARGO, N.D. -- North Dakota has largely escaped the recession, enjoying slow but steady growth and even a budget surplus

Published Tue, Mar 31 2009 8:05 PM by Postbulletin.com Local Business

U.S. corn acreage expected to drop slightly

BISMARCK, N.D. -- The nation's farmers are expected to plant fewer acres of corn and wheat -- staple ingredients in a wide variety of foods

Published Tue, Mar 31 2009 2:20 PM by Postbulletin.com Local Business

More job cuts at Federal Mogul in Lake City

LAKE CITY -- Lake City business leaders are hearing indications that Federal Mogul, a major employer in the city with about 350 workers, has begun layoffs and is co

Published Tue, Mar 31 2009 11:00 AM by Postbulletin.com Local Business

Ford to cover car payments if buyer loses job

DETROIT -- Ford Motor Co. said today it is offering a payment protection plan to help reassure consumers who may be putting off buying a new car because of worries about losing their job. The offer comes as auto sales have been batte

Published Tue, Mar 31 2009 9:15 AM by Postbulletin.com Local Business

Macolm Berko: Profits still flow from pipelines

I'd like to invest $20,000 in oil and gas pipeline master limited partnerships with 9 percent yields or better and preferably issues that have a good record of dividend increases. Would you please recommend three or four pipeline master limited partnershi

Published Tue, Mar 31 2009 8:00 AM by Postbulletin.com Local Business

RPU to trim $5 million from budget

Rochester Public Utilities announced Monday that it plans to cut $5 million from its budget in early April. About $2.9 million of the cuts and deferrals will

Published Tue, Mar 31 2009 7:45 AM by Postbulletin.com Local Business

Medtronic says Endeavor stent approved in Japan

MINNEAPOLIS -- Medtronic Inc. said Monday Japanese regulators approved its Endeavor drug coated stent for sale, and the medical device maker plans to launch the product May 1

Published Tue, Mar 31 2009 12:55 AM by Postbulletin.com Local Business

Obama rejects GM, Chrysler restructure plans

WASHINGTON -- President Obama is sending a blunt message to Detroit automakers: To survive -- and win more government help -- they must remake themselves top to bottom.

Published Mon, Mar 30 2009 8:50 AM by Postbulletin.com Local Business

Small business taxes duel on

WASHINGTON -- Few small businesses would see a tax increase under President Obama's budget plan. But those companies in line for higher taxes employ the most workers and could be hit hard. A debate that started

Published Mon, Mar 30 2009 7:15 AM by Postbulletin.com Local Business

'Hummer' brand lies in the balance

DETROIT -- By Tuesday, General Motors Corp. will have to decide whether its struggling Hummer brand will die a quiet death or live on with a new owner. The wounded automaker has told the federal government that it will make the decis

Published Mon, Mar 30 2009 7:15 AM by Postbulletin.com Local Business

Heard on the Street: Shoppers should soon feel the 'Love'

The state of retail in Rochester will soon reflect the state. Love From Minnesota, a store chain that specializes in products made in or that feature the Land of 10,000 Lakes, is portaging into Apache Mall on May 1.

Published Mon, Mar 30 2009 7:05 AM by Postbulletin.com Local Business

Harvey Mackay: Don't worry, unless to get more productive

There are plenty of things to worry about these days: your job, your 401(k), your kids' education, your mortgage. Does worrying really help to resolve any of them?

Published Mon, Mar 30 2009 7:05 AM by Postbulletin.com Local Business

Obama forces GM chairman out, ends 31-year career

DETROIT -- President Barack Obama's rescue plan for Detroit automakers will be unveiled Monday, but one condition became clear today: the resignation of General Motors Corp. Chairman and Chief Executi

Published Sun, Mar 29 2009 8:05 PM by Postbulletin.com Local Business

Hard times mean new opportunities for Big Oil

HOUSTON -- Plunging crude prices have begun to play out in favor of Western oil companies in one regard, giving them leverage with oil-rich countries that only months ago had no reason to compromise

Published Sun, Mar 29 2009 12:05 PM by Postbulletin.com Local Business

Toy, luxury stores eye Christmas 2009 with caution

NEW YORK -- Shoppers may be thinking about spring, but some retailers are reluctantly setting their sights on Christmas. Still suffering whiplash from the worst holiday selling season in at least four decades, major toy sellers and upscale merchants ...

Published Sun, Mar 29 2009 12:00 PM by Postbulletin.com Local Business