localbrfs112208
On the homepage
Vikings
Out There
Artcetera
Television
VeraSun will stop accepting some contracts
Print this story
E-mail this story
Save to del.icio.us
Share on Facebook
Share on Digg
Minnesota business by the numbers
See Minnesota's top earning companies, CEOs and non-profits
More from Business
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.
DOW JONES NEWS SERVICE
Recent Business stories
North Dakota's land department director departing next year after serving at post since 2001 - November 21, 2008
North Dakota's land department director departing next year after serving at post since 2001 - The administrator of the North Dakota Land Department is leaving. More
Blog: Patent Pending
Lights out at U energy conference. Irony police notified.
Just as Lawrence Kazmerski, a top official at the National Renewable Energy Laboratory, was about to give the keynote address at the University of Minnesota's annual E3 conference at the RiverCentre in St. Paul, the lights went out, bathing the audience in darkness and a deep sense of irony.
Comment on this story | Be the first to comment | Hide reader comments