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Thursday P.M. Report

Deluxe stock jumps on Q4 results: Deluxe Corp.’s stock rose 9 percent in afternoon trading today, after the company reported better-than-expected fourth-quarter earnings. The Shoreview-based check-printing company reported earnings of $30.5 million, or 59 cents per share, up from $27.9 million, or 54 cents per share, during the same period a year ago. Excluding charges, the company’s fourth-quarter profit was 70 cents per share, compared with 68 cents per share a year ago. Read full story

Rate hikes boost Xcel’s profit in Q4: Rate increases helped boost Xcel Energy’s profit in the fourth quarter, even as revenue slipped slightly, the company said today. The Minneapolis-based utility reported a fourth-quarter profit of $168.9 million, or 37 cents per diluted share, up from earnings of $164.1 million, or 36 cents per share, in the year-ago period. Revenue dipped to $2.62 billion in the fourth quarter, down from $2.71 billion in the same period of 2008. Read full story

Robins Kaplan opening New York law office: Law firm Robins Kaplan Miller & Ciresi announced today it will open an office in New York. The Minneapolis firm, which focuses on corporate litigation, has hired three lawyers from Lovells, a law firm based in New York. Robins Kaplan plans to grow the office over the next year. Read full story

Bill Mauer gets Chevy franchise: General Motors has awarded a Chevrolet franchise to St. Paul native Bill Mauer, brother of Minnesota Twins catcher Joe Mauer. Mauer Chevrolet will be located at 1055 Highway 110 in Inver Grove Heights, the former site of Denny Hecker’s Southview. Bill Mauer purchased the site from Denny Hecker last year. Mauer Cheverolet will open Monday.  Read full story

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