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VeraSun will stop accepting some contracts
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Ethanol producer VeraSun Energy Corp. said it will reject some corn contracts because of delays in starting up new plants. The company won't accept corn at the delayed distilleries in Janesville and Welcome, Minn., Sioux Falls, S.D.-based VeraSun said. The plants are each designed to produce 110 million gallons. VeraSun also said it has temporarily stopped receiving and processing corn at some of its other refineries while it searches for capital. The company filed for bankruptcy protection on Oct. 31, blaming swings in the price of corn.
BLOOMBERG NEWS
Ameriprise to have $40 million pretax chargeAmeriprise Financial Inc., the Minneapolis-based financial-planning company, said it intends to record a pretax charge of $40 million, or $26 million after taxes, in the fourth quarter of 2008. The charge results from merger-related costs associated with three acquisitions that closed in the fourth quarter, according to a filing with the Securities and Exchange Commission. The acquisitions were of Brecek & Young Advisors Inc., HRB Financial Corp. and J. & W. Seligman & Co.
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Blog: Patent Pending
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AbbeyMoor Medical of Parkers Prairie has received pre-market approval from the Food and Drug Administration to sell “The Spanner,” a stent that treats men suffering from urinary problems because of a blocked prostate. Catchy name for a stent. Very vivid imagery. TST Media, a Minneapolis-based software company that specializes in Websites for amateur sport teams, said it [...]
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