Friday, May 09, 2008
Duluth News Tribune


Money & Markets

Business

LAJOIE
LAJOIE

Biz Buzz (May 9)

05/09/2008 12:00 AM
Biz Buzz is a collection of business news tidbits from around the region.

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Duluth News Tribune Web Icon DANIELSON

Grandma’s to close Minneapolis restaurant

05/08/2008 12:00 AM
Duluth-based Grandma’s Restaurant Co. will shut down one of its best-known eateries: a saloon and grill it has operated in Minneapolis’ West Bank neighborhood for 27 years.
RUSSOM
RUSSOM

Biz Buzz (May 8)

05/08/2008 12:00 AM
Biz Buzz is a collection of business news tidbits from around the region.

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Duluth News Tribune Web Icon VOELKNER
Duluth News Tribune Web Icon RICO

Parent company of Duluth paper and recycling mill plans stock offering

05/08/2008 12:00 AM
Coated papermaker NewPage Corp., which bought Wisconsin-based Stora Enso North America, including a Duluth paper and recycling mill, last year, has filed plans to sell common stock through an initial public offering.

Iron Range energy project gets tax credits

05/08/2008 12:00 AM
The U.S. Treasury Department will allocate $133.5 million in federal investment tax credits to assist with the construction of an Iron Range power plant fueled by gasified coal, according to a release issued Wednesday by Excelsior Energy Inc., the beneficiary.
A drill rig operates on Birch Lake near Babbitt. Franconia Minerals Corp. is exploring a copper, nickel, and precious metals deposit. [2007 FILE/NEWS TRIBUNE]

St. Louis County approves Minnesota grant for Birch Lake copper development

05/07/2008 12:00 AM
Franconia Minerals Corp. will receive a $500,000 grant to help develop the Birch Lake copper deposit the company is exploring, thanks to a three-way deal approved Tuesday by the St. Louis County Board of Commissioners.
ELLING
ELLING

Biz Buzz (May 7)

05/07/2008 12:00 AM
Biz Buzz is a collection of business news tidbits from around the region.

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Duluth News Tribune Web Icon WALKER

McCarthy prepares to resume service on Great Lakes

05/06/2008 12:00 AM
The Walter J. McCarthy Jr. could resume service today.

Business Briefs

05/06/2008 12:00 AM
Xcel Energy’s rate increase OK’d; KBJR, KDLH make staffing changes; Great Lakes boats boost loads
HENSRUD

Biz Buzz (May 6)

05/06/2008 12:00 AM
Biz Buzz is a collection of business news tidbits from around the region.

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Duluth News Tribune Web Icon JOHNSON
As the rebate checks start arriving from the IRS, expect a money grab from retailers looking to cash in on your extra cash. [GARY MEADER/NEWS TRIBUNE]

Northland retailers offer to stretch your stimulus check

05/05/2008 12:00 AM
The first rebate checks began reaching taxpayers’ hands last week, and retailers are ready with offers.

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Duluth News Tribune Talk About It IconTalk: What do you plan to do with your tax rebate money?
From left: Bryan Cotch, Steve Kassekert, Ari Eilola and Ryan Palmquist, members of the Financial Market Program at UMD, present investment recommendations regarding two drug companies to Bulldog Fund investors Thursday at the Kitchi Gammi Club in Duluth. [DEREK MONTGOMERY/NEWS TRIBUNE]

Bulldog Fund offers a bull market for learning

05/05/2008 12:00 AM
Kjell Knudsen isn’t worried that the Bulldog Fund LLC underperformed the market this year.

Duluth property transactions (May 5)

05/05/2008 12:00 AM

Bankruptcies

05/05/2008 12:00 AM
This bankruptcy information is gathered from cases filed in U.S. Bankruptcy Court in Duluth on April 22-29.
BRUCH

Biz Buzz (May 5)

05/05/2008 12:00 AM
Biz Buzz is a collection of business news tidbits from around the region.

Business Planner

05/05/2008 12:00 AM
Heather Rose-Carlson and Daryl Carlson, owners of Terrazzo & Concrete Restoration, recently restored the marble floor around the altar at Cathedral of Our Lady of the Rosary Church in Duluth. [BOB KING/NEWS TRIBUNE]

What's that business?

05/05/2008 12:00 AM
NAME: Terrazzo & Concrete Restoration Inc.

Couple must brace for baby boom

05/05/2008 12:00 AM
Shari and David Karnowski were trying for another baby to keep their charming 2-year-old daughter Ellie company. Now she’s pregnant — with triplets.

Allete’s profits drop

05/03/2008 12:00 AM
Allete Inc. reported its first-quarter results Friday, and its 2008 profits were off about10 percent from the same three-month period last year.

Oil surpasses $126 per barrel ahead of US driving season

Oil prices surpassed a record $126 per barrel Friday on the eve of the U.S. driving season as a weakening dollar drove investors to snap up commodities.

Stocks decline as AIG reveals need for cash, oil surges

Wall Street fell sharply early Friday as investors contended with wider-than-expected losses at insurer American International Group Inc. and another worrisome spike in oil prices. The Dow Jones industrial average at times lost more than 100 points.

March trade deficit drops by bigger-than-expected amount

The U.S. trade deficit narrowed sharply in March as demand for imports fell by the largest amount since the last recession was ending.

Citigroup to shed $500B in assets

Citigroup Inc. said Friday it aims to shed about $500 billion in assets and grow revenue by 9 percent over the next few years, as it tries to rebound from massive losses tied to deterioration in the mortgage and credit markets.

Icahn prepared to buy Circuit City if Blockbuster can't

Consumer electronics retailer Circuit City Stores said Friday that it will allow Blockbuster to review its books in connection with the video-rental chain's bid to buy the company.
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