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• ABC 20 LOCAL NEWS
Closed Neb. meat plants may soon have new owner
March 09, 2010 15:52 EST
HASTINGS, Neb. (AP) -- A new company is buying the former Premium Protein Products plant in Hastings, planning to run a custom slaughter operation.
Managing partner Jim Stevens says Hastings Acquisitions LLC also hopes to buy the Premium Protein operation in Lincoln. He said Tuesday that his group has two weeks to reach a deal for the Lincoln plant.
Premium Protein filed for Chapter 11 bankruptcy protection in November.
Stevens says financing is coming from two groups in Chicago and the Puretz family of New York.
He declined to say how much they'll be paying. A lawyer representing former employees of Premium Products told the Lincoln Journal Star that Hastings Acquisitions is paying $3.2 million for the Hastings plant and has an option to buy the Lincoln plant for $700,000.
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• BUSINESS NEWS
Stocks firm a year after hitting bottom
NEW YORK (AP) -- A year after major stock indexes tumbled to 12-year lows, the market has been firm in quiet trading today.
• CONSUMER INFO
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• SCIENCE/TECH NEWS
IN THE NEWS: AVOIDING TAX-TIME TRAPS AND RIPOFFS
SAN FRANCISCO (AP) -- Tax season is upon us -- and while many may not be thrilled at the idea of settling accounts with the government, we're also being warned about other people who might have their hands in our pockets.
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NEARLY NAKED RUN
IOWA CITY, Iowa (AP) -- It's a thrill of a chill.
