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Tuesday P.M. Report

Case-Shiller: Minneapolis home prices rise 1.1% in April, best in nation: Home prices in Minneapolis-St. Paul improved 1.1 percent from April to May, which tied for tops among 20 metro areas in the country, according to the latest Standard & Poor’s Case-Shiller Home Price index. Minneapolis prices were up 1.1 percent, on a seasonally adjusted basis, from March to April. That’s on top of a 2.5 percent increase for home prices in the area reported from March to April. Minneapolis tied with Atlanta for the best-performing market on a seasonally adjusted basis. Read full story

Imation Corp. narrows Q2 losses: Imation Corp. narrowed its second-quarter net losses, but its results missed estimates as it reported today a 11 percent drop in sales. Net loss in the quarter was $15.7 million, or 42 cents per share, compared with a net loss of $36.9 million, or $1.02 per share in the same quarter a year ago. Net revenue declined to $354 million, from $400 million in the second quarter of 2009. Read full story

Ecolab reports 30 percent profit jump in Q2: Ecolab boosted profits 30 percent in the second quarter, as the cleaning-products maker saw improved sales in international markets. Earnings rose to $129.3 million, or 54 cents per share, compared to $99.1 million or 41 cents per share in the same period a year ago. The company’s net sales in the second quarter increased 5 percent to $1.52 billion, up from $1.44 billion. Read full story

Supervalu says CFO to depart, reports Q1 results: Supervalu announced today that Chief Financial Officer Pamela Knous, has decided to leave the company to pursue other career interests. The company also announced its first-quarter results, reporting net income of $67 million, or 31 cents per share, down from $113 million, or 53 cents per share in the same period a year ago. Read full story

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