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Wisconsin Business News


Provided by Milwaukee Journal Sentinel

U.S. Treasury Department rejects plan to cut Teamsters' pensions
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The decision deals a victory to retired truck drivers, dock workers and others who furiously battled against the cuts, which in many cases would have sliced promised pensions by more than 50%.

U.S. hiring slowed in April amid tepid growth, but pay rises
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Worker pay showed signs of picking up. Average hourly pay rose 2.5% in April from a year earlier, above the sluggish 2% annual pace that has been typical for the past six years.

Musk sleeps by factory floor to spur Tesla's manufacturing progress
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Tesla founder Elon Musk said this past week that he expects to produce as many as 200,000 of the more-affordable Model 3 sedans in the second half of next year.

GOP states benefiting from shift to wind and solar energy
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Wind turbines and solar panels accounted for more than two-thirds of all new electric generation capacity added to the nation’s grid in 2015.

Third Ward developer buys second building on Broadway
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Margaret Martin bought the former home of Paintball Dave’s and Hoarder’s World. She is developing a building just to the north into apartments and retail space.

Fiat Chrysler CEO: Self-driving cars could be on roads in 5 years
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Fiat Chrysler CEO Sergio Marchionne says working with Google convinced him that self-driving technology is closer than he thought and could be on the road in five years.

Milwaukee bicycle company Fyxation introduces new"gravel grinder"bike
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Fyxation, located at 2943 N. Humboldt Ave., is also introducing a new version of its“Quiver” road bike that has disc brakes and mounts for bags and cargo racks ” making it suitable for daily commutes and camping.

Employers added disappointing 160,000 jobs in April
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Payroll growth slowed in April as employers added 160,000 jobs, raising concerns that weak economic growth may finally be crimping the U.S. labor market.

New faces, new places for May 6
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New Faces, New Places is about personnel changes at Wisconsin businesses.

Consumer watchdog proposes ban on some arbitration clauses
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The Consumer Financial Protection Bureau announced a proposal Thursday to ban arbitration clauses, which would affect the entire financial industry.

WEC Energy's new CEO says climate change regulation is 'inevitable'
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The Obama administration’s Clean Power Plan is up in the air because of court challenges, but Allen Leverett says it’s important to plan ahead because carbon regulations of some form will be enacted.

Fiserv reports strong 1st quarter
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First-quarter profits rose 62% for Fiserv Inc. as revenue increased.

Developers seek city financing to help convert old factory into apartments and offices
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The $19 million Welford Sanders Historic Lofts would convert a former shoe factory into 58 apartments and 38,000 square feet of offices.

CEO Meeusen could reap $8.4 million if Badger Meter is sold
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Badger Meter Inc. CEO Rich Meeusen would be paid for three years’ worth of compensation and other benefits if he leaves the Brown Deer-based company after it changes hands.

Boston Store in downtown Milwaukee adds new furniture department
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Boston Store’s new furniture market targets people living in downtown condominiums and apartments.

Dynamis Software raises $530,000 of equity funding
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The West Allis company makes software that helps health insurance brokers evaluate insurance plans.

Badger Fund of Funds launches first venture capital fund in La Crosse
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Badger Fund, seeded with $25 million of state money, has said it plans to start as many as a dozen venture capital funds across the state.

Standing up to heat and cold, PPG Industries opens liquid coatings testing center in Oak Creek
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The liquid application development center has multiple curing ovens, robotic paint applicators, and spray booths with temperature and humidity controls.

IKEA unveils plans for new Oak Creek store
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IKEA wants to build a 295,000-square-foot store” its first in Wisconsin ” in Oak Creek and open it in summer of 2018.

Business Index
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