Monday A.M. Report

Business owners fired up for election, and GOP could benefit: If Republicans win control of the U.S. House, they will owe a debt of gratitude to an energized business community. Business owners are more engaged in this election than in any in recent memory, say the U.S. Chamber of C and the National Federation of Independent Business. That’s because they’re scared about the policies coming out of the Democratic-controlled Congress and President Barack Obama’s administration, according to these business organizations. Business owners fear they’ll face higher health care and energy costs, and they still don’t know whether they will be hit with a tax increase Jan. 1, said Lisa Goeas, NFIB’s vice president of politics. Read full story

Petters trustee sues M&I: M&I Bank is the latest target in a series of “clawback” lawsuits filed by Petters Group bankruptcy trustee Doug Kelley, according to a Pioneer Press report. Kelley is suing the bank for $3.7 million as part of the trustee’s broader effort to recover funds for investors bilked by jailed businessman Tom Petters. The lawsuit claims M&I benefited from “fraudulent transfers” involving Petters Co. Inc.’s bank account. Read full story

UnitedHealth axing 115 Pennsylvania workers: UnitedHealth Group plans to lay off 115 workers at an office in Huntingdon Valley, Pa., effective Nov. 15, according to a filing with the Pennsylvania Department of Labor and Industry. The positions are being eliminated at a prescription mail-service unit. Minnetonka-based UnitedHealth acquired that business three years ago. Read full story

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