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Wisconsin Business News


Provided by Milwaukee Journal Sentinel

Asahi offers to buy Peroni, Grolsch beers from AB Inbev
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Budweiser-maker AB InBev has received a binding offer of $2.85 billion for the European beer brands Grolsch, Peroni and Meantime— a sale that is meant to address regulatory concerns about its mega merger with SABMiller.

UW Cooperative Extension cutting about 10% of its positions
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Each county will continue to have an Extension office, with programs like 4-H and Master Gardener, but in some cases staffing will be shared between counties.

Kansas gas station is first to sell gasoline below $1 a gallon
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Drivers in Jetmore, Kan., are first in the nation to buy gasoline this year for less than $1 a gallon as retailers prepare for a“clearance sale” across the region.

New Cafe Corazon in Bay View opens after challenging renovations
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Repair after repair unfolded, more than $500,000 worth of work for the building at 2394 S. Kinnickinnic Ave. But now, Cafe Corazon is ready to open.

Milwaukee-area home sales pick up where they left off in 2015
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The Milwaukee-area housing market has picked up where it left off last year, posting a 13.8% increase in January sales of existing homes, a report Wednesday shows.

Consulting firm plans move from downtown to north side
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Octane LLC would move from the Gas Light Building to a building it plans to buy on N. Port Washington Road, one block north of W. Capitol Drive.

Milwaukee NARI home improvement show offers look ahead to spring
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The Milwaukee chapter of the National Association of the Remodeling Industry will be offering an indoor respite from winter weather with its annual Spring Home Improvement Show at State Fair Park.

Rockwell Automation to buy developer of magnetic propulsion technology
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The announcement comes less than a year after MagneMotion and Rockwell reached a settlement on a patent infringement dispute.

Charter Manufacturing names new president and chief operating officer
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Charter Manufacturing, a privately-held metals manufacturer, says Bob Venable will become president and chief operating officer following the retirement of Tom Glaister later this year.

Navy urged to slow deployments of warships built in Marinette
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Defense industry observers say there’s an internal battle between the Navy, which still wants 52 littoral combat vessels, and Defense Secretary Ashton Carter, who wants the program truncated at 40 ships.

Neighboring apartment projects being built in Walker's Point
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Shoe Factory Lofts and Trio Mke together will total 175 new units, and are part of the neighborhood’s continuing growth.

NASCAR switches to franchise system to give team owners value
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NASCAR announced a dramatic overhaul to its business model Tuesday, shifting to a franchise-like system that is intended to provide actual value and financial stability to team owners after decades of heavy reliance on sponsors.

U.S. Supreme Court puts Obama's climate plan on hold
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The Supreme Court agreed Tuesday to halt enforcement of President Barack Obama’s sweeping plan to address climate change until legal challenges are resolved.

Racine company donates repellent to Hawaii
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Racine-based S.C. Johnson& Son Inc. said Tuesday it has donated 54,000 units of insect repellent to help Hawaii respond to an outbreak of a mosquito-borne illness.

U.S. Foods files for initial public offering
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U.S. Foods Holding Corp., the food distributor Sysco Corp. was blocked from buying last year, filed for an initial public offering Tuesday.

Westbury to repurchase up to 10% of its stock
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The parent company of Westbury Bank said Tuesday its board has authorized a buyback of up to 10% of its shares of stock.

Medical College of Wisconsin would consider master's for chiropractors
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The Medical College of Wisconsin would consider developing a master’s program for chiropractors if the state creates a new type of health care provider focused on basic spine and muscular-skeletal conditions and with the authority to write prescriptions.

ThedaCare investing $3 million in Smart Choice MRI
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ThedaCare is investing $3 million in Smart Choice MRI, the Mequon company known for offering MRIs for a flat fee of $600 or less.

Orion Energy reports drop in sales as loss narrows
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Orion Energy Systems Inc. said Tuesday its sales fell in the most recent quarter, but that its loss narrowed due to lower component costs for its LED lighting products and reduced manufacturing costs.

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