News Releases

 
News Releases
  Date Title View
Jan 18, 1999
(Jan. 18, 1999) Minnesota Power, Inc. (NYSE: MPL), the diversified Duluth-based services company, today released its 1998 financial results while at the same time announcing an increase in the dividend on the company’s common stock and a two-for-one stock split. "Our 1998 net income increased by 14 percent over last year. This increase reflects ...
Feb 16, 1999
Minnesota Power has received final regulatory approvals to split its common stock on a two-for-one basis. The Federal Energy Regulatory Commission has approved the stock split, which was announced January 18, 1999. The stock split will be effective on March 2, 1999, for shareholders of record on February 16, 1999. Shareholders will receive one a...
Apr 21, 1999
Minnesota Power, Inc. has reported a 13 percent increase in first quarter 1999 net income compared to the same quarter last year. Net income was $20.9 million on quarterly revenue of $257.5 million versus $18.5 million net income and $246.6 million in revenue the year earlier. Earnings per share of Minnesota Power common stock were 30 cents duri...
Oct 18, 1999
Minnesota Power, Inc. (NYSE: MPL) today reported a 34 percent increase in 1999 third quarter net income compared to the same quarter last year. Net income was $34.5 million on quarterly revenue of $306.3 million versus $25.8 million of net income on $266.3 million of revenue a year ago. Earnings per share of Minnesota Power common stock were 5...
Nov 12, 1999
Moody's Investors Service on Nov. 11 changed its rating outlook on Minnesota Power, Inc.'s securities to stable from negative. This outlook change reflects the improving performance and prospects of the company's automotive services, water and real estate businesses ...
Jan 18, 2000
Minnesota Power, Inc. has announced 1999 net income from operations of $104.2 million, excluding a non-cash charge (described below) of $36.2 million, resulting in reported net income of $68 million on r...
Feb 7, 2000
Indianapolis -- ADESA Corporation is acquiring the Mission City Auto Auction in San Diego and nearing completion of new auction facilities in Los Angeles, Concord, Massachusetts and Calgary, Alberta. ...
Apr 19, 2000
Minnesota Power, Inc.'s (NYSE: MPL) Board of Directors today declared a quarterly dividend on the company's common stock. A dividend of 26.75 cents per share of common stock was declared by ...
Jun 20, 2000
Minnesota Power, Inc.'s ADESA subsidiary has acquired the Canadian Auction Group (CAG), a wholesale auto remarketing company with 13 auction sites and dealer financing operations located across Canada. For ...
Jun 27, 2000
Minnesota Power, Inc.'s ADESA subsidiary has signed a letter of intent to buy eight ADT Automotive auctions and one Manheim auction from Manheim Auctions. This is the second major purchase Minnesota Powe...
1
...
NextLast
= add release to Briefcase