Nonprofit, nonpartisan journalism. Supported by readers.

Donate

Tuesday P.M. Report

Delta expects $1.5B loss for 2009: Delta Air Lines today predicted it will post a $1.5 billion loss in 2009, while the International Air Transport Association projected a global net loss of $5.6 billion for carriers in 2010. In a Securities and Exchange Commission filing, Atlanta-based Delta  credited its merger with Northwest for creating $700 million in “synergies” in 2009 and projected $600 million in synergies in 2010. Read full story

U of M will get $3M from climate-study program: The University of Minnesota said today that it is one of the first academic partners to join the Planetary Skin Institute — a partnership between NASA and Cisco Systems that seeks to track global climate change. As part of the deal, the university will collect $3.2 million over the next three years. The project will use data-mining methods developed by University of Minnesota researchers, including computer science and engineering professor Vipin Kumar, to track historical changes in the Earth’s forest ecosystems and better determine their relationship to climate change. Read full story

Two Rochester hotels in mortgage default: Two downtown Rochester hotels are part of a recent mortgage default by their owner, according to the Rochester Post-Bulletin. The paper reports that Kahler Inn & Suites Rochester and Rochester Marriott were among 11 hotels covered by a $246.3 million loan that San Clemente, Calif.-based Sunstone Hotel Investors failed to make a payment on. Read full story

Unity Hospital campus to get new building: Crews will break ground Wednesday on the $14 million Fridley Medical Center on the campus of Allina Hospitals & Clinics’ Unity Hospital. The two-story, 60,000-square-foot medical office building will provide expanded facilities for Multicare Associates’ primary care and specialty clinic. Read full story

Coborn’s buys two Cub Foods in St. Cloud: Coborn’s grocery chain is buying two independently owned Cub Foods stores in the company’s hometown of St. Cloud. Ownership will change this week at the Cub Foods West and Cub Foods East stores in St. Cloud. Read full story

No comments yet

Leave a Reply