Friday A.M. Report

Report: Digital River sues over data breach: E-commerce company Digital River Inc. has sued a New York man and his company for allegedly trying to sell stolen Digital River data to a Colorado marketing firm for $500,000, the Star Tribune reports. Eden Prairie-based Digital River obtained a secret court order last month to block a New York man named Eric Porat from selling, destroying, altering or distributing stolen data on nearly 200,000 individuals. Read full story 

Delta traffic rises nearly 3 percent: Delta Air Lines Inc. swung to traffic gains in May. The Atlanta-based airline said its system traffic was up 2.7 percent in May as it had a 0.6 percent rise in capacity. Domestic traffic went up 0.3 percent and international traffic fell 6.7 percent. Read full story 

Welsh real estate trust delays planned IPO: Welsh Property Trust’s attempt to go public ran into trouble this week and the company has decided to postpone its IPO. Minnetonka-based Welsh had filed paperwork Thursday to reduce the per-share price it was hoping to get for its IPO to a range of $16 to $16.50 per share, down from a range of $19 to $21 per share that had targeted as recently as May 28. Read full story 

First Farmers & Merchants buys White Rock Bank: The First Farmers & Merchants group of banks is expanding in southern Minnesota through the acquisition of White Rock Bank, the sister bank of the now-defunct Mainstreet Bank. First Farmers, which is owned by Minneapolis-based 215 Holding Co. and has a St. Paul location, expects the deal to close by the end of the summer, pending regulatory approval. Read full story 

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