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Wisconsin Business News


Provided by Milwaukee Journal Sentinel

ARI turns around a year-ago loss as revenue rises 25%
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ARI Network Services Inc., a Milwaukee provider of software tools and marketing services, erased a quarterly loss from a year earlier as revenue rose almost 25%.

Cellular Dynamics narrows loss on 57% gain in revenue
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CDI sold its human cells to 200 customers in 2014, up from 150 a year earlier, and its top 10 customers contributed an average of $1.1 million of revenue, up from an average of $830,000 last year.

CUNA Mutual Group reports 27% increase in 2014 earnings
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It was the fourth consecutive year of earnings growth from Madison-based CUNA Mutual Group, which provides insurance and financial services to credit unions, their members and customers worldwide.

Wisconsin's jobless rate fell to 5% in January
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The state’s unemployment rate is hovering at the best levels since August 2008, about a month before the financial market meltdown in that year triggered a brutal global downturn.

Capitol Drive shopping center getting a makeover
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A north side shopping center anchored by a Piggly Wiggly supermarket has been sold to a group that plans to expand the property to accommodate a new fitness center.

Business Health Care Group hires executive director
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Geoffrey Schick was most recently the associate director of research network operations for Catholic Health Initiative’s Institute for Research and Innovation in Houston.

Brown Deer in talks to sell former American TV store to manufacturer
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A light manufacturing business would use the 80,000-square-foot building at 6700 W. Brown Deer Road as a second location for its expanding operations, according to a village official.

BMO announces management changes for southeast Wisconsin
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Kara Kaiser and Leslie Meisner were named managing directors with BMO Private Bank, while Chris Michalski was named retail regional president for BMO Harris Bank.

Summit Credit Union CEO named to Fed advisory panel
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Kim Sponem has been appointed to a three-year term to represent the credit union industry on the Community Depository Institutions Advisory Council, which reports to the Chicago Federal Reserve System.

Joy Global earnings fall 52%; lowers forecast for 2015
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Key commodity prices took another step down in the quarter, which has slowed incoming order rates, the mining equipment maker said.

Couple who lost farm at auction battle to keep second business
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A Wisconsin couple who lost their farm at foreclosure auction and, through a famous photograph, became a symbol of a crisis in America’s heartland, are fighting to keep from losing a second business.

Roundy's posts higher 4Q income from continuing operations
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Milwaukee-based grocer Roundy’s on Wednesday said the rate of decline in its same-store sales has stabilized as the company prepares to take on new competitors this year in its Wisconsin and Illinois markets.

Conference highlights Midwest know-how in energy technologies
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New energy technologies can be a growth market for Wisconsin companies, and a new effort will soon recruit start-ups to join a Milwaukee energy innovation center to enter those markets.

Ozaukee County to spend up to $1 million on lakefront development
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Supporters said it will help create a public nature preserve, while also helping develop the rest of the site to generate more property tax revenue.

February auto sales climb despite cold, snowstorms
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Freezing temperatures and drifts of snow took a small bite out of U.S. auto sales in February, but most automakers still reported gains thanks to the strong economy.

Micro-farm grows out of vacant city lot
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A former factory site on Milwaukee’s north side is being cleaned up, with the property being prepared for something not usually found in that urban neighborhood. A farm.

Plans dropped for Glendale Hofbräuhaus brewpub, beer hall
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Hofbräuhaus of America chose not to proceed with the development after deciding the Milwaukee area already had a competing tavern that is strongly identified with the Hofbräu brand.

Thrivent Financial reports 9.3% gain in 2014 net income
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Total surplus, which is an insurer’s cushion against unexpected losses and is a key indicator of overall financial strength, rose 10.6% to $7.6 billion.

Lacking workers, Ashley Furniture opts out of state tax credit program
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The big furniture manufacturer said it will return $256,706 in tax credits it has received so far in connection with its investment in its Whitehall factory.

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