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Thursday P.M. Report

Airlines generate extra millions from new bag fees, agents compete to sell mansion, Seagate soars on profit news, Imation posts Q4 profits, and Trustmark buying Health Fitness.

Airlines will generate extra millions from new baggage fees: The five largest domestic airlines all boosted baggage fees in January, a move certain to generate millions of dollars in added revenue. Delta, American, Continental, United and US Airways all increased baggage fees since the beginning of the year, despite consumer gripes. Delta is the largest carrier at Minneapolis-St. Paul International Airport. The carriers combined will realize annual baggage fee revenue of $1.8 billion, according to IdeaWorks, a Shorewood, Wis., airline consultancy. Read full story

Agents compete to sell mansion linked to alleged Ponzi scheme: Want to live in an old Minneapolis mansion? There will soon be a real estate agent to contact. Chief U.S. District Judge Michael Davis is expected to make a ruling by Friday evening on which real-estate agent will have the rights to sell the historic Van Dusen mansion at 1900 LaSalle Ave., left in receivership after being linked to an alleged Ponzi scheme involving area money managers. Read full story

Seagate soars on Q2 profit news: Seagate Technology shares soared today, after the company reported a $533 million second-quarter profit the day before. Shares of the company — which is based in Scotts Valley, Calif. but has major operations in Bloomington and Shakopee — were trading at $19.50, up 10 percent in early afternoon trading. Seagate stock rose as high as $20.30 earlier in the day. Read full story

Imation posts Q4 profits: Imation Corp. released better-than-expected fourth-quarter earnings today, an improvement from the same period a year ago. Oakdale-based Imation, a data storage company, reported net income of $6.7 million, or 18 cents per share, compared to a loss of $45.6 million, or $1.22 per diluted share, during the year-ago quarter. Read full story

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Trustmark buying Health Fitness for $97M: Health Fitness Corp.’s stock jumped 20 percent today after news that health and life insurance company Trustmark Mutual Holding Co. will spend about $97 million to buy the Bloomington-based manager of workplace health and fitness programs. Read full story