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Wisconsin Business News


Provided by Milwaukee Journal Sentinel

Apple fans line up for new iPhones
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Locally, there were long lines at the Apple stores at Mayfair and Bayshore malls, in addition to some people camping out overnight to be first in line Friday at AT&T stores.

Alibaba's stock soars in its debut
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New York— Alibaba debuted as a publicly traded company Friday and swiftly climbed nearly 40% in a mammoth IPO that offered eager investors seemingly unlimited growth potential and a way to tap into the burgeoning Chinese middle class.

Honda's 2015 Fit delivers excellent gas mileage, not much else
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Honda’s new 2015 Fit is larger and delivers excellent gas mileage. But its power is modest and the ride is rough.

Business in Wisconsin
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Items of interest about Wisconsin businesses.

First Menasha Bancshares hopes to raise $20.1 million
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A Neenah bank is hoping to raise $20.1 million in new capital as part of plan to increase its lending and presence in the Fox Valley.

Shoutlet chosen to present at Chicago Venture Summit
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Shoutlet Inc., a Madison company that provides customers with a social marketing platform, has been named as one of 30 companies that will make presentations to investors at the Chicago Venture Summit, organizers said Friday.

Judge approves sale of Menomonee Falls-backed Radisson Hotel
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A Waukesha County judge on Friday approved the sale of the Menomonee Falls-financed Radisson Hotel for $8.5 million to an Illinois group owned by investors from Belarus.

Cheese, butter prices continue their record rise
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Cash prices for block cheddar, barrel cheddar and butter all settled at record highs Friday on the Chicago Mercantile Exchange, as a run-up in prices for dairy products in recent weeks continues.

Madison's Echometrix awarded key patent
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Echometrix is developing equipment that would diagnose the severity, and measure the healing process, of musculoskeletal injuries.

Pabst Brewing Co. sold to Russian firm Oasis Beverages
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Oasis Chairman Eugene Kashper will serve as the CEO of Pabst, and the company’s headquarters will remain in Los Angeles.

City funding advances for 2 new businesses at Midtown Center
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Milwaukee’s Redevelopment Authority approves covering 37% of renovation costs for two new businesses opening at Midtown Center.

New Faces, New Places for Sept. 19
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New Faces, New Places is about personnel changes at Wisconsin businesses.

New home construction falls for August
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Construction of new homes fell in August, putting some Wisconsin metro areas in jeopardy of having their first down year since 2011.

Oshkosh manufacturer AxleTech to cut 29 workers
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AxleTech International, an Oshkosh maker of axles and other parts for vehicles and machines, has told state officials it plans to permanently lay off 29 hourly employees this fall.

Outdoor retailer Clear Water Outdoor to open Third Ward shop
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Clear Water Outdoor plans to open in Milwaukee’s Third Ward next month.

Sears store at Bayshore will close at end of the year
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Bayshore Town Center’s Sears department store will close at year’s end, opening up an opportunity for Bayshore’s owner to redevelop that lagging end of the mall.

Spectrum acquires Pennsylvania company
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Consumer products company Spectrum Brands Holdings Inc. said Thursday it has agreed to buy Tell Manufacturing Inc., a manufacturer of commercial doors, locks and hardware.

Enjoy the easy money while it lasts
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By mid-2015, economists expect the Federal Reserve to abandon a nearly 6-year-old policy of keeping short-term rates at record lows.

Wisconsin's private-sector job growth ranks 33rd in U.S., quarterly report shows
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Wisconsin gained 28,712 private-sector jobs in the 12-month period from March 2013 to March 2014— a 1.26% growth rate.

Business Index
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