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Monday A.M. Report

Ameriprise closes on $1 billon Columbia Management deal, Delta CEO Anderson’s total comp down to $8.4 million, Digital Angel sells U.K. unit Clifford & Snell for $3.5 million and Home building permits double in April

Ameriprise closes on $1 billion Columbia Management deal: Ameriprise Financial Inc. over the weekend completed its planned acquisition of the long-term asset management business of Columbia Management, the company announced Monday. Minneapolis-based Ameriprise paid about $1 billion in cash for Boston-based Columbia Management, previously owned by Bank of America. Read full story

Delta CEO Anderson’s total comp down to $8.4 million: Delta Air Lines Inc. Chairman and CEO Richard H. Anderson saw his total compensation go down about 52 percent in 2009, the same year the Atlanta-based airline trimmed its losses. Delta is the dominant carrier out of Minneapolis-St. Paul International Airport. Read full story 

Digital Angel sells U.K. unit Clifford & Snell for $3.5 million: Digital Angel Corp. sold its Clifford & Snell United Kingdom unit for $3.5 million, the company said Friday. The buyer is R. Stahl Ltd., a subsidiary of the Waldenburg, Germany-based R. Stahl AG, which makes and markets explosion-protection products. Read full story

Home building permits double in April: April 2010 showed improvements in home building over the same month last year, according to a report from the Builders Association of the Twin Cities. The report said that “planned units in April 2010 were more than 50 percent higher than at this point in either 2008 or 2009,” according to an association release. Read full story