September 2009 - Rochester Business News & Events

GM to shut down Saturn after Penske walks away (video)

DETROIT -- General Motors Co. said Wednesday it would shut down its Saturn division after an agreement to sell it to Penske Automotive Group Inc. fell apart.

Published Wed, Sep 30 2009 5:15 PM by Postbulletin.com Local Business

Congress fashions $350 million dairy aid package

WASHINGTON -- Amid a crisis of low milk prices and mounting losses in dairy country, lawmakers in Congress are fashioning a $350 million emergency aid package aimed at helping struggling milk farmers. Secretive talk

Published Wed, Sep 30 2009 10:35 AM by Postbulletin.com Local Business

Sheraton offers thousands free night stay

CHICAGO -- The owner of Sheraton hotels will offer thousands of guests a free night's stay in dozens of North American locations as part of a massive campaign that kicks off today to highlight the chain's $6 billion revitalization ef

Published Wed, Sep 30 2009 9:55 AM by Postbulletin.com Local Business

Companies sued over sunken freighter

MINNEAPOLIS -- The owner of a coal freighter that sunk in the Duluth-Superior Harbor is suing a Wisconsin shipyard and a Minnesota dock company. American Steamship Co. claims negligence by Hallett

Published Wed, Sep 30 2009 9:55 AM by Postbulletin.com Local Business

Quality council program looks at Mayo

The Rochester Area Quality Council is holding a program Oct. 13 called "Transforming Patient Care -- Mayo Clinic Innovation," to be led by Julie Koch of Mayo Clinic. The program is at Rochester Community and Technical Coll

Published Wed, Sep 30 2009 8:45 AM by Postbulletin.com Local Business

Bank of America sells some asset management ops to Ameriprise

NEW YORK -- Bank of America Corp. said today it is selling the long-term asset management business of one of its units to Ameriprise Financial Inc

Published Wed, Sep 30 2009 8:45 AM by Postbulletin.com Local Business

Heard on the Street: Arena sports to grow in Rochester

As the long Minnesota winter looms, two area businesses are making moves to bring outdoor sports inside.

Published Wed, Sep 30 2009 5:40 AM by Postbulletin.com Local Business

Harvey Mackay: Trying times are no time to quit trying

When the going gets tough, such as it is for so many right now, it's time to make a trip to the zoo for inspiration. That's where you'll find my ingredients for success: a hide like a hippopotamus, the courage of a lion, the memory of an elephant...

Published Wed, Sep 30 2009 5:40 AM by Postbulletin.com Local Business

Minn. panel approves smaller rate hike for Xcel

ST. PAUL, Minn. -- The Minnesota Public Utilities Commission has approved a smaller electric rate increase than the one requested by Xcel Energy. The commission voted Tuesday to authorize a rate increase totaling $90 million to $92

Published Tue, Sep 29 2009 4:05 PM by Postbulletin.com Local Business

Treasure Island to have presence at Target Field

and news services RED WING -- Treasure Island Resort and Casino will become the second founding partner for the new Target Field, joining U.S. Bank, the Minnesota Twins have announced. The organization still is seeking to

Published Tue, Sep 29 2009 12:10 PM by Postbulletin.com Local Business

U.S. income gap widens

WASHINGTON -- The recession has hit middle-income and poor families hardest, widening the economic gap between the richest and poorest Americans as rippling job layoffs ravaged household budgets. The wealthiest 10 percen

Published Tue, Sep 29 2009 8:40 AM by Postbulletin.com Local Business

FDIC expected to ask banks to prepay $36 billion in fees

WASHINGTON -- The Federal Deposit Insurance Corp. may take the unprecedented step of ordering banks to prepay about $36 billion in premiums to replenish the deposit insurance fund that has been severely depleted by a

Published Tue, Sep 29 2009 8:40 AM by Postbulletin.com Local Business

EPA seeks to limit plane deicing chemical runoff

DES MOINES, Iowa -- Every winter, airports across the country spray millions of gallons of deicing chemicals onto airliners and allow the runoff to trickle away. When the chemicals end up in nearby waterways, the

Published Tue, Sep 29 2009 8:40 AM by Postbulletin.com Local Business

Elevators full of unsold wheat amid fall harvest

WICHITA, Kan. -- Grain elevators across the Great Plains remain crammed with unsold winter wheat as facilities brace for fall harvests. A lackluster wheat demand has clogged the nation's grain-handling pipeline. That's particularly t

Published Tue, Sep 29 2009 8:40 AM by Postbulletin.com Local Business

Minnesota corn crop remains behind last year's

ST. PAUL -- Warm temperatures through most of last week helped Minnesota's corn crop advance, but it was still behind last year's.

Published Mon, Sep 28 2009 8:50 PM by Postbulletin.com Local Business

September 2009 - Rochester Business News & Events

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GM to shut down Saturn after Penske walks away (video)

Congress fashions $350 million dairy aid package

Sheraton offers thousands free night stay

Companies sued over sunken freighter

Quality council program looks at Mayo

Bank of America sells some asset management ops to Ameriprise

Heard on the Street: Arena sports to grow in Rochester

Harvey Mackay: Trying times are no time to quit trying

Minn. panel approves smaller rate hike for Xcel

Treasure Island to have presence at Target Field

U.S. income gap widens

FDIC expected to ask banks to prepay $36 billion in fees

EPA seeks to limit plane deicing chemical runoff

Elevators full of unsold wheat amid fall harvest

Minnesota corn crop remains behind last year's