July 2010 - Rochester Business News & Events

Hormel Institute gets more than $1 million in research grants

The Hormel Institute in Austin has been awarded more than $1 million in research grants from three federal agencies to study prevention of prostate and pancreatic cancer, diagnosis of prostate cancer, bladder tumors and, separately, an "herbal cocktail"...

Published Sat, Jul 31 2010 7:36 AM by Postbulletin.com Local Business

Talking Money: Bundled services are not always least expensive route

Of all the bills that hit my mailbox, nothing frustrates me more than the one for cable.

Published Sat, Jul 31 2010 7:08 AM by Postbulletin.com Local Business

Executive Profile: Aaron Richard

Aaron Richard discusses running Silver Lake Boat and Bike Rentals.

Published Sat, Jul 31 2010 7:06 AM by Postbulletin.com Local Business

Old seed corn adds to Sinclair demolition bill

CEDAR RAPIDS, Iowa — Piles of old seed corn are adding to the cost of demolishing the former Sinclair meatpacking plant in Cedar Rapids. Officials say five or six truckloads of stored, wet and fire–scorched corn will add about $175,000 to

Published Sat, Jul 31 2010 6:00 AM by Postbulletin.com Local Business

Business owners face retirement plan deadlines

Contributing to retirement plans became less of a priority or even an impossibility for many companies that struggled with cash flow problems during the recession.

Published Sat, Jul 31 2010 6:00 AM by Postbulletin.com Local Business

Chicken producers debate 'natural' label

A disagreement among poultry producers about whether chicken injected with salt, water and other ingredients can be promoted as "natural" has prompted federal officials to consider changing labeling guidelines.

Published Sat, Jul 31 2010 12:32 AM by Postbulletin.com Local Business

Elk Run project manager agrees to pay $2,500 fine

Geoff Griffin, the contract project manager for the planned Elk Run biobusiness park in Pine Island, has been fined $2,500 by the Minnesota Department of Commerce.

Published Fri, Jul 30 2010 11:02 PM by Postbulletin.com Local Business

Underdog image builds customer loyalty, study says

Their study showed that what gave a company an "underdog" appeal was achieving success despite having fewer resources than competitors and having a backstory of "passion and determination," the researchers said, citing big technology...

Published Fri, Jul 30 2010 4:55 PM by Postbulletin.com Local Business

Recession deeper than govertment thought

The Commerce Department, in revisions issued today, estimates the economy shrank 2.6 percent last year, the steepest drop since 1946. That's worse than the 2.4 percent decline originally estimated.

Published Fri, Jul 30 2010 11:24 AM by Postbulletin.com Local Business

Citigroup to $75 million in settlement over subprime holdings

Citigroup agreed Thursday to pay $75 million to settle federal claims that it failed to disclose vast holdings of subprime mortgage investments that were deteriorating during the financial crisis and ultimately crippled the bank.

Published Fri, Jul 30 2010 11:22 AM by Postbulletin.com Local Business

New economic development fund seeks $10 million from Rochester

To create an economic development fund, RAEDI and the Rochester Area Chamber Commerce plan to ask the city for $10 million of sales tax money.

Published Thu, Jul 29 2010 2:37 PM by Postbulletin.com Local Business

Spill sends deli to Rochester

Thanks to the BP oil spill in the Gulf, a new deli is on the way for Rochester. Tom Heimer and his fiancee, Zoya Reynolds, are opening Country Fresh Deli in Vahalla Plaza on Elton Hills Drive.

Published Thu, Jul 29 2010 10:30 AM by Postbulletin.com Local Business

Amazon introducing two new Kindle versions

SEATTLE — Amazon.com will introduce two new versions of the Kindle e–reader on Thursday, one for $139, the lowest price yet for the device.

Published Thu, Jul 29 2010 7:30 AM by Postbulletin.com Local Business

Foreclosure activity up across most U.S. metro areas

LOS ANGELES — Households across a majority of large U.S. cities received more foreclosure warnings in the first six months of this year than in the first half of 2009, new data shows.

Published Thu, Jul 29 2010 7:21 AM by Postbulletin.com Local Business

Study: Iowa stimulus plan created 7,000 new jobs

An economic stimulus plan pushed by Gov. Chet Culver has created more than 7,000 new jobs since the program began, according to a study released Wednesday.

Published Thu, Jul 29 2010 7:15 AM by Postbulletin.com Local Business