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Wisconsin Business News


Provided by Milwaukee Journal Sentinel

Harley-Davidson profit slips on weak U.S. motorcycle sales
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Harley said it had net income of $280.4 million in the quarter that ended June 26, down 6.4% from $299.8 million in the same period a year earlier. Earnings per share increased to $1.55 from $1.44 a year ago.

Jobless rate estimate shows decline for June in state
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Newest batch of numbers from state, federal government indicate labor participation rate is near 70% in state.

Mercedes-Benz Vans breaks ground on $500 million U.S. plant
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Last year, Mercedes-Benz Vans delivered 28,600 vans to customers in the United States, an increase of 11% over 2014.

Alliant plans to invest $1 billion to expand Iowa wind power
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The company is seeking regulatory approval to enlarge its Whispering Willow Wind Farm in Franklin County and potentially build developments elsewhere in Iowa.

Earnings tank at Roadrunner Transportation Systems
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Net income fell by 89% in the second quarter, continuing a spate of downbeat results at the Cudahy trucking company.

Electric planes are gaining momentum with stronger batteries at EAA AirVenture
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As engineers work on the problem of battery weight and power, manufacturers are creating all-electric and hybrid planes to test and eventually attain Federal Aviation Administration certification.

SABMiller suspends integration work for beer merger with AB InBev
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SABMiller CEO Alan Clark said in a memo to employees that all convergence planning has been“paused” and there should be no contact with representatives of AB InBev.

Anthem tells judge that Cigna deal would be good for consumers
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Anthem Inc. says its proposed merger with Cigna Corp. would lower consumer costs and extend insurance coverage to more consumers.

Fed holds rates steady, but leaves September hike on table
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Fed notes“near-term risks to the economic outlook diminished.”

FluGen begins clinical trial on universal influenza vaccine
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FluGen says its Redeeflu vaccine has in animals induced robust antibody and cellular immune responses without producing any infectious virus particles.

Harley-Davidson recalling 27,000 bikes for potential clutch problem
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The National Highway Traffic Safety Administration said the clutch in the affected motorcycles could lose its ability to disengage, especially if a bike has been parked for an extended period of time.

Net income rises for WEC Energy Group
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Net income for WEC Energy Group Inc. more than doubled in the second quarter from the same period a year ago to $181.4 million, driven by the company’s acquisition of Integrys Energy Group Inc.

Associated Bank to build new branch at The Corridor in Brookfield
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Associated Bank plans to build a full-service branch in the new 66-acre The Corridor development in Brookfield. Construction of the branch, 17500 W. Blue Mound Road, is expected to begin next spring.

Kohler Co. plans to expand Inn on Woodlake boutique hotel
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The hotel, overlooking Wood Lake, in the Village of Kohler, will undergo an expansion and renovation through late 2016 and 2017.

Rockwell Automation reports lower earnings, sales in third fiscal quarter
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The Milwaukee-based industrial equipment and software maker said it had a profit of $191 million, or $1.46 per share, for its third fiscal quarter, down 7% from $206.1 million or $1.52 per share in the same period a year earlier.

Red, white and blue: Allen Edmonds offers wingtips for patriots
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Men’s shoemaker Allen Edmonds, noting the Olympic Games are about to begin and the presidential election campaign is in high gear, is selling custom-crafted red, white and blue wingtips for $199.

Heat is on, but the power grid is holding
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Temperatures soar as electric power generators continue to close coal and nuclear plants that cannot compete with low-price natural gas and government-supported solar and wind power.

Report: Average legal pot user spends $647 a year on weed
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The Seattle-based company determined that the average recreational weed consumer is a 37-year-old man who buys traditional marijuana buds.

Apple sales surprise as buyers warm to iPhone
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Apple reported revenue that fell less than projected and forecast fourth-quarter sales that may exceed analysts’ estimates, bolstered as iPhone demand picks up.

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