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Wisconsin Business News


Provided by Milwaukee Journal Sentinel

SEC examines Caterpillar's accounting for Bucyrus
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The construction equipment company said in a regulatory document that the U.S. Securities and Exchange Commission issued a subpoena in September seeking information about the company’s accounting for the goodwill relating to the deal.

Alleged fraud costs Blackhawk Bancorp $1.6 million
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In its earnings report, Beloit’s Blackhawk Bancorp Inc. said it took an impairment charge after it was discovered that USDA-backed loans in which it had a financial stake were phony.

Green Bay Packaging buys 2 cardboard, packaging firms
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Green Bay Packaging said Friday it acquired Great Lakes Packaging Corp., Germantown, and Midland Container Corp., Franksville, which have combined employment of 230.

U.S. stock indexes trading near record levels as Japan boosts stimulus
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U.S. stocks moved higher in morning trading, with benchmark indexes topping their all-time closing highs, as an unexpected boost in stimulus from the Bank of Japan spurred optimism in the global economy.

NewPage agrees to sell Biron mill
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Canada’s Catalyst Paper Corp. said Friday it has agreed to acquire NewPage’s mill in Biron and a second mill in western Maine in a deal valued at $74 million.

Walmart ups ante on holiday shopping
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Walmart’s move underscores how stores are being forced to step up their game for the holiday shopping season, which accounts for about 20% of retail industry’s annual sales.

Rexnord acquires Italian manufacturer Tollok
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Tollok is a supplier of shaft locking devices for the power generation and process industries.

Oshkosh Corp. earnings more than double; raises dividend 13%
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Oshkosh Corp. reported fiscal fourth-quarter earnings more than doubled as lower defense segment sales were offset in part by improved demand in the company's access equipment and commercial segments.

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

N.Y. real estate investor apparent winner of Grand Avenue mall auction
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A Brooklyn, N.Y.-based real estate investor is apparently the high bidder on downtown Milwaukee’s Shops of Grand Avenue mall.

High-tech camera helps improve diabetic care
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Two local clinics have found a way to help prevent patients with diabetes from losing their eyesight while saving money.

Manitowoc's Bank First National earnings jump 30%
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Profits for the parent company of Bank First National increased more than 30% in the third quarter as net interest income rose and the bank's loan portfolio improved.

Baylake earnings rise, aided by improving loan portfolio
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An improving loan portfolio required no addition to loan-loss reserves in the third quarter, helping the parent company of Baylake Bank post an 11.4% increase in earnings.

'ChevyGuy' becomes social media sensation
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ChevyGuy and MadBum are the big winners of the World Series.

Roadrunner Transportation Systems earnings up 8.9%
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Roadrunner Transportation Systems Inc. earned $14.4 million in its third quarter, up 8.9% from the $13.2 million the Cudahy trucking and logistics firm netted a year ago.

Global Precision Industries moves to Menomonee Falls
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The privately held firm will relocate from Germantown to a new building in Menomonee Falls, which it is expanding with facilities for rapid prototyping, testing, warehousing and design.

Higher broadcast revenue lifts Journal Communications earnings
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Profits rose 54.5% in the third quarter for Journal Communications Inc., an increase driven largely by political advertising in the company’s broadcast unit.

Apartments planned at Hall Automotive site in Tosa
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Two Atlanta-based firms have submitted plans to develop a building with 236 apartments at 11011 W. North Ave. in Wauwatosa.

Business Index
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