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Wisconsin Business News


Provided by Milwaukee Journal Sentinel

Metro Milwaukee jobless rate dips to 5.3% in October
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The city of Milwaukee showed an estimated October jobless rate of 7.7%, which compares to 6.2% for all of Milwaukee County and 4.1% in neighboring Waukesha County.

Regulators approve higher fixed charges on Madison Gas&Electric customers
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In another split decision, the panel approved an 82% increase in the fixed charge on electric bills, to $19 a month, and an 80% increase in the fixed charge on natural gas bills, to $21.87.

Cheese executive condemns epidemic of inauthentic, inferior additives
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Neal Schuman of the cheesemaker Arthur Schuman Inc. says the products with inferior additives often come in the form of dry grated cheese sold in grocery stores, served at restaurants and in food ingredients.

New Amazon facility played role in Alaska Air decision to bring service to Milwaukee
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Alaska Airlines is adding nonstop service from Seattle to Milwaukee, and a spokeswoman said one of the factors is the facility that Seattle-based Amazon is building in Kenosha.

Gener8tor raises $2.1 million fund to invest in start-ups
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Gener8tor Fund II is set up to invest in the start-ups— usually about 10 a year — that go through gener8tor’s training classes in Milwaukee and Madison.

Solar group calls for PSC commissioner's recusal from We Energies case
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The Alliance for Solar Choice wants a Wisconsin utility commissioner to remove herself from the We Energies rate case based on comments she made during an industry conference last summer.

U.S. economy proves stronger than expected
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Back-to-back quarterly GDP best since 2003

Phoenix Nuclear Labs raises $2 million
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The Monona maker of neutron generator technology will use the money to support several key hires and to continue to scale up its manufacturing infrastructure.

Mellowes give $1.5 million to Children's Hospital of Wisconsin
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The gift will endow the John A. and Linda Mellowes Family Chair in Intensive Care.

Medicare sets reimbursement rate for Exact Sciences' cancer test
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The Cologuard test is the first noninvasive stool test based on DNA for colorectal cancer to be approved by the Food and Drug Administration.

Wisconsin bank profits increase in third quarter
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The 252 banks headquartered in the state posted total income of $255.7 million in the quarter, compared with $238.7 million a year earlier, according to the Federal Deposit Insurance Corp.

Alaska Airlines expands partnership with SkyWest, adds Milwaukee service
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Alaska Airlines said Tuesday it is expanding its partnership with SkyWest Airlines by adding three new destinations, including Milwaukee, from Alaska's Pacific Northwest hub in Seattle.

Pentair to cut up to 60 jobs in Delavan
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Pentair Flow Technologies, a manufacturer of equipment used in water management systems, says it's closing a production line at its plant in Delavan, resulting in the elimination of up to 60 hourly employee positions.

Choir director's career a musical journey
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Richard Hynson’s path from gifted choirboy to musical conductor brought him to Milwaukee in 1987 to be music director of the Bel Canto Chorus.

United Technologies CEO retires
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Hartford, Conn.— Aerospace and building systems giant United Technologies announced Monday the abrupt retirement of CEO Louis Chenevert, and named Chief Financial Officer Greg Hayes to succeed him.

Retailers offering faster shipping
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New York— A procrastinator's holiday wish come true: Presents ordered at the last minute can now show up under the Christmas tree that same day.

Skiing trending toward the wealthy, new study says
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Denver— In 2010, the price of a walk-up, single-day lift ticket at Vail and Beaver Creek ski resorts topped $100. Aspen quickly followed suit, and ticket prices at resorts across the country have consistently increased in the years since.

Douglas Dynamics acquires Iowa company for $95 million
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Douglas Dynamics Inc., a Milwaukee based manufacturer of snow plows, says it has agreed to acquire an Iowa maker of snow and ice control equipment for $95 million.

Woman wins reversal of negligent homicide conviction in GM ignition switch case
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A Texas woman who pleaded guilty to negligent homicide in the death of her fiancee in a 2004 accident involving a since-recalled General Motors Saturn Ion won a reversal of her conviction on Monday.

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