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Thursday A.M. Report

Dale Tile buys Pollux Manufacturing, TCF profit beats estimates in Q2, FICO completes $245 million private placement, and St. Paul eatery avoids property seizure

Dale Tile buys Pollux Manufacturing: Dale Tile Co. has acquired Pollux Manufacturing Inc., a maker of granite counters for kitchens and engineered stones, such as DuPont Zodiac materials. Dale is buying Pollux from Hallmark Building Supplies Inc., of Waukesha, Wis., for an undisclosed price. The acquisition closed June 30. Read full story

TCF profit beats estimates in Q2: TCF Financial Corp.’s second-quarter profit nearly doubled from a year ago, beating Wall Street estimates. The Wayzata-based bank posted net income of $45 million, or 32 cents per diluted share, in the second quarter. That’s up 91 percent from $23.5 million, or 8 cents per diluted share, in the comparable period last year. Read full story

FICO completes $245 million private placement: Fair Isaac Corp. announced Wednesday it has completed a private placement of $245 million of senior notes. The notes were issued in four series, with maturities ranging from six years to 10 years. On average, the notes have an interest rate of 5.2 percent and maturity of eight years. Read full story

St. Paul eatery avoids property seizure: The manager of St. Paul restaurant Gabe’s Roadhouse said state tax authorities left with a check instead of property to pay past-due taxes Tuesday. The Minnesota Department of Revenue had announced it was seizing cash and alcohol to recover delinquent sales taxes. Read full story