Wednesday A.M. Report

Delta posts $363 million Q3 profit: Delta Air Lines improved to a profit in the third quarter, boosted by its merger with Northwest Airlines and a strong performance on international routes. The Atlanta-based airline, the largest carrier at Minneapolis-St. Paul International Airport, had net income of $363 million and earnings of 43 cents a share, compared with a net loss of $161 million and a loss per share of 19 cents in the third quarter last year. Read full story

U.S. Bancorp profits get boost from new lending: U.S. Bancorp earnings shot up nearly 48 percent in the third quarter as the Minneapolis-based bank got a revenue boost from $54.8 billion in new lending activity. U.S. Bank saw a profit of $894 million, or 45 cents per share, for the quarter ended Sept. 30, versus a profit of $603 million, or 31 cents per share for the same quarter a year ago. Net revenue was up 7.9 percent, to $4.6 billion. Read full story

Christopher & Banks stock down after CEO Nagler’s resignation: Christopher &Banks Corp. stock was down more than 10 percent this morning following the company’s Tuesday evening announcement that its president and CEO, Lorna Nagler, has “resigned all positions … to pursue other interests.” Larry Barenbaum, the Plymouth, Minn.-based retailer’s board chairman since 2005, will serve as interim CEO.  Nagler became CEO in 2007. The company’s stock traded around $14 per share near the end of that year; it closed at $6.77 on Tuesday. Read full story

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