August 2010 - Rochester Business News & Events

Monsanto sees 2010 earnings at low end of range

NEW YORK — Monsanto Co., the world's largest seed company, said Tuesday it expects full year earnings at the low end of its previous expected range and is cutting up to 700 more jobs.

Published Tue, Aug 31 2010 11:30 AM by Postbulletin.com Local Business

Home prices rise in 17 cities in June

WASHINGTON — Home prices rose in June for a third straight month as now–expired tax credits inspired a burst of home–buying. But prices are expected to fall through the rest of the year now that demand has faded.

Published Tue, Aug 31 2010 10:25 AM by Postbulletin.com Local Business

Staples will sell Amazon.com's Kindle

FRAMINGHAM, Mass. — Office supply retailer Staples Inc. will start selling Amazon.com's Kindle electronic–book reader this fall.

Published Tue, Aug 31 2010 10:24 AM by Postbulletin.com Local Business

Consumer confidence inches up in August

NEW YORK — Americans'confidence in the economy improved slightly in August, but the mood is still gloomy amid job worries, according to a monthly survey.

Published Tue, Aug 31 2010 9:30 AM by Postbulletin.com Local Business

Banks post $21.6 billion profit in 2nd quarter

WASHINGTON — The U.S. banking industry posted its highest quarterly earnings in nearly three years, even as the number of troubled institutions grew by more than 50 in the second quarter.

Published Tue, Aug 31 2010 9:25 AM by Postbulletin.com Local Business

IRS plans to uncover corporations' tax-avoidance strategies

Beginning next year, the Internal Revenue Service plans to mandate that corporations also provide a brief description of their uncertain tax positions and their rationale, essentially offering a road map for its auditors.

Published Tue, Aug 31 2010 6:00 AM by Postbulletin.com Local Business

3M to acquire Cogent for $943 million

NEW YORK — 3M Co., the conglomerate whose products range from Post–Its to respirators, computer arms and films for LCD TV screens, is trying to expand into the security market by buying Cogent Inc. for about $943 million.

Published Mon, Aug 30 2010 7:23 PM by Postbulletin.com Local Business

88% of U.S. farms considered small family farms

Large–scale farming operations now produce the bulk of the nation's agricultural products, but a recent study found that a vast majority of farms in the United States are defined as small family farming operations.

Published Mon, Aug 30 2010 1:07 PM by Postbulletin.com Local Business

Way is cleared for United, Continental merger

The Justice Department said late Friday that it had cleared the planned $3 billion merger between United Airlines and Continental, lifting the biggest regulatory hurdle to the creation of the world's top airline.

Published Mon, Aug 30 2010 12:59 PM by Postbulletin.com Local Business

Minnesota beekeepers oppose 'honey laundering'

Minnesota beekeepers are holding a news conference at the State Fair on Monday to highlight the problem of "honey laundering."

Published Mon, Aug 30 2010 12:52 PM by Postbulletin.com Local Business

Starbucks expands insta-brew, adds flavors

Starbucks Corp. is set to debut its latest caffeinated concoction — flavored instant coffee. The coffee giant was to announce today four new, slightly sweetened varieties of its successful Via instant brew.

Published Mon, Aug 30 2010 12:43 PM by Postbulletin.com Local Business

Rare fruit growers meet to swap seeds, tips

Jim Bathgate was one of hundreds of rare fruit aficionados gathered to share seeds, cuttings and knowledge. The organization founded in 1968 encourages gardeners and hobby farmers to plant unusual fruit instead of commonplace fare, such as apples and...

Published Mon, Aug 30 2010 12:42 PM by Postbulletin.com Local Business

August 2010 - Rochester Business News & Events

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