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Wisconsin Business News


Provided by Milwaukee Journal Sentinel

Rockwell earnings weaker than expected
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Shares for Rockwell Automation Inc. fell more than 5% at the start of trading Wednesday after the Milwaukee-based supplier of automation technology reported weaker than expected quarterly earnings.

We Energies parent reports 12% rise in 2nd quarter income
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Wisconsin Energy Corp. said cost controls helped it offset the impact of a cool start to summer.

Chicago's Exelon Corp. to purchase marketing arm of Integrys Energy
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Integrys Energy Services is based in De Pere and has 280 employees.

We Energies ruling could shift costs to Michigan
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Regulators sided with a group of Wisconsin utilities that protested how much other utilities were paying We Energies to run its plant in Michigan.

Vliet St. developers announce new store
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The developers who transformed Vliet St. buildings from eyesores into the homes for their high-end flower shop and other retailers are launching another project.

Paper airplane app toy takes off at EAA AirVenture
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Creators of the Toronto-based PowerUp Toys paper airplane kit are drawing crowds to their booth at EAA AirVenture this week in Oshkosh as they showcase their kits, which cost $50.

Mount Pleasant gets tax district proposal for southwest side
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The village would spend $20 million to encourage business development in the pitched district.

Fiserv's quarterly profit up nearly 10%
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Profit rose 9.9% for Fiserv Inc. in the second quarter as sales increased and merger costs fell, the company said Tuesday.

Johnson Bank parent moves to double its wealth management business
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The parent company of Johnson Bank hired a former Northern Trust executive as chief investment officer and is adding to investment staff.

Summit will focus on food business start-ups
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Foodies looking to launch a business will learn how to do it at the first-ever Edible Startup Summit, a one-day event that will be held in Madison in late August.

U.S. consumer confidence in July hits pre-recession level
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Washington— U.S. consumers are more confident about the economy than they have been in nearly seven years.

Alta Resources adding jobs in Neenah
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Neenah-based Alta Resources says it is planning to add up to 600 jobs in Neenah, according to a story posted on postcrescent.com.

Oshkosh Corp. earnings down sharply on drop in military vehicle sales
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Earnings at the Fox Valley’s largest manufacturer were down 29% last quarter compared with a year earlier.

'I Make America' tour highlights political issues important to manufacturers
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The tour is an opportunity for the Association of Equipment Manufacturers— based in Milwaukee — and company executives to talk about political issues ranging from the Highway Trust Fund to foreign trade.

FAA proposes $12 million civil fine against Southwest Airlines
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The Federal Aviation Administration said Monday it is proposing a $12 million civil fine against Southwest Airlines for failing to comply with safety regulations related to repairs on Boeing 737 jetliners.

Lloyds Bank to pay nearly $370 million rate-rigging scandal
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London— Lloyds Banking Group is paying $369 million to U.S. and British authorities to settle allegations it manipulated a key global interest rate.

Russia ordered to pay $50 billion over Yukos
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London— Russian President Vladimir Putin's government must pay $50 billion for using tax claims to destroy Yukos, once the country's largest oil producer, and its Kremlin-critical CEO, an international court has ruled.

Dental Associates opens downtown Milwaukee clinic in Iron Block building
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The opening, which includes moving the firm’s corporate headquarters from Wauwatosa, brings 60 jobs to Milwaukee.

Zillow buying Trulia in $3.5 billion stock deal
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Real estate website operator Zillow Inc. is buying its rival in a $3.5 billion deal that will make the biggest player in the online real estate information market.

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