Nonprofit, nonpartisan journalism. Supported by readers.

Donate

Tuesday A.M Report

Travelers reports record profits for 4Q: The Travelers Co. reported today its highest quarterly profit since going public in 2002, as the New York-based insurer benefitted from rebounding investments. Travelers, which has substantial operations in St. Paul, said it earned $1.29 billion, or $2.36 per diluted share, for the quarter ended Dec. 31, compared with $801 million, or $1.35 per diluted share, for the same quarter a year before. Read full story

Delta improves to $1.2 billion loss for ’09: Delta Air Lines cut significantly into its loss in 2009. The Atlanta-based airline — the largest carrier at Minneapolis-St. Paul International Airport — had a net loss of $1.2 billion and a loss per share of $1.50, compared with a net loss of $8.9 billion and a loss per share of $19.08. Annual revenue spiked 24 percent to $28.1 billion. Read full story

 Graco sees profits boost in 4Q: Graco Inc. on Monday said it boosted fourth-quarter profits amid lower operating expenses and higher Asia Pacific sales for the Minneapolis-based maker of fluid-handling systems. Graco earned $17.2 million, or 28 cents per share, in the quarter ended Dec. 25, versus $10.1 million, or 17 cents per share, for the same quarter in 2008. Read full story

Minneapolis janitors to vote on strike authorization: More than 4,000 janitors at Twin Cities commercial buildings will vote Saturday on whether to give their leaders authorization to launch a strike. Members of the Service Employees International Union Local 26 have been without a contract since Jan. 8. Read full story

Kegs and eggs: Granite City adds a second breakfast helping: Granite City Food and Brewery is expanding its early-morning efforts, adding a Saturday brunch. The St. Louis Park-based restaurant chain said it hoped the move will generate $1 million in new revenues as it’s rolled out to its 26 locations. Granite City already has a Sunday brunch, which has made Sunday the third-most profitable day for the chain. Read full story

No comments yet

Leave a Reply