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Tuesday A.M. Report

General Mills draws ire of Utah bakery’s fans in Doughboy vs. Dough Girl trademark dispute: General Mills Inc., which counts the Pillsbury Doughboy among is brands, is getting some flack online for putting the kibosh on a Utah bakery using “dough girl” in its name. Tami Cromar, the owner of Salt Lake City’s My Dough Girl, told local newspapers last week that she would stop using the name in her two-year-old business, rather than legally fight Golden Valley-based General Mills; she also said she would no longer discuss the matter as part of her settlement with the company. The food manufacturing giant had sent Cromar a formal “cease and desist” letter after she filed to get the name trademarked. Read full story

Wells Fargo: New regulations to cost $530 million: Wells Fargo & Co. said Monday that new financial regulation will cost it $530 million in lost revenue this year. The San Francisco-based bank, which has its regional headquarters in Minneapolis, expects changes to its overdraft practices and other new policies will reduce its fee income $225 million, after tax, in the third quarter and $275 million in the fourth quarter. Read full story

Xcel awards building contract for solar plant in Colorado: Cogentrix Energy has signed a contract with a unit of Minneapolis-based Xcel Energy to build what will be the largest concentrated-sunlight solar generating plant in the world. The 30-megawatt project is to be completed near Alamosa, Colo., in the summer of 2012, the company says. Read full story

Eagle Valley Bank merging with N.D.-based Kirkwood Bancorp: Kirkwood Bancorporation Co. of North Dakota has applied with the Federal Reserve to acquire Eagle Valley Bank, a struggling Wisconsin-based bank with Minnesota branches in Apple Valley and Stillwater, the Federal Reserve recently reported. Read full story

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