Petters takes stand in own defense at trial, says he didn’t knowingly defraud anyone

Petters, on witness stand, denies knowing of fraud

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Winning eBay bid for motorized lounge chair involved in drunken crash in Minnesota is $10,100

Minn.'s 'DWI chair' sells for more than $10,000

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Minn. police begin auction for motorized recliner over after eBay says it’s not a La-Z-Boy

Police repost motorized recliner from DWI on eBay

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Lawson Software predicts profit up to 3 cents per share in fiscal 2nd quarter

Lawson Software predicts 2Q profit

ST. PAUL, Minn. — Lawson Software Inc. predicted Wednesday that it will earn up to 3 cents per share in its second fiscal quarter, which ends Nov. 30.

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Lawson Software reports fiscal 1st-quarter profit on lower expenses, says it will cut 75 jobs

Lawson Software reports fiscal 1st-qtr profit

ST. PAUL, Minn. — Lawson Software Inc. said Wednesday it earned a profit in its fiscal first quarter, as lower revenue was offset by a drop in expenses.

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Digital River posts better-than-expected 2nd-quarter earnings and revenue, but outlook weak

Digital River 2Q profit falls but beats estimates

MINNEAPOLIS — E-commerce software provider Digital River Inc. on Wednesday reported better-than-expected adjusted profit and sales for the second quarter, but forecast third-quarter profit below analyst estimates, sending shares tumbling in aftermarket trading.

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Effort to block online gambling is going to reduce considerably!

online-gamblingMinn. regulators drop bid to block online gambling

ST. PAUL, Minn. — Minnesota regulators may have been outplayed when they bet a decades-old federal law would lend itself to an online gambling crackdown. Following a lawsuit by the gambling industry, which considers the push a violation of federal commerce and free-speech protections, state officials said Monday they'll withdraw a demand that Internet service providers block access to hundreds of sites.

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Digital River forecasts 2nd-quarter earnings shy of Wall street’s expectations

digitalriver-logoDigital River forecasts 2Q earnings below views

MINNEAPOLIS — E-commerce software service company Digital River Inc. said Wednesday it is "cautiously optimistic" about its outlook for 2009. The company expects second-quarter earnings of 27 cents to 30 cents per share or, excluding items, a profit of 39 cents to 42 cents per share. Digital River forecast sales of $95 million to $97 million for the quarter.

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Minnesota asks ISPs to cut access to gambling sites, but face legal complexities

nogamblingNovel effort in Minnesota seeks ISP gambling block

Minnesota officials are trying a novel tactic to block online gambling sites — using a federal law that enables restrictions on phone calls used for wagering. The state's Department of Public Safety said Wednesday it had asked 11 Internet service providers to block access to 200 online gambling sites.

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