Ted Deikel and Tom Petters have signed a non-binding letter of intent to buy most of Fingerhut from its parent, Federated Department Stores. Terms of the potential deal were not disclosed ... but it brings renewed job hopes to laid off Fingerhut workers, and to the city of St. Cloud, which was bracing for the closure of one of its largest businesses. A deal would put Deikel back in charge of a company he had helped build into one of the nation's largest catalog retailers. Minnesota Public Radio's Andrew Haeg reports.