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Wisconsin Business News


Provided by Milwaukee Journal Sentinel

Mequon Town Center is filling up
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Mequon's first urban-style development will soon have its new residents, with some of the project's businesses already open.

Sikich survey says manufacturers are not investing enough in R&D
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A new survey of manufacturers has found that almost a third of the companies spent less than 1% of sales on research and development for new products.

Portage County Bank parent to buy Bancroft State Bank
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The parent company of Portage County Bank plans to purchase Bancroft State Bank, boosting the Almond-based financial institution’s presence in central Wisconsin.

Still driving that old car? You're not alone
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The average age of vehicles has been climbing steadily since 2002, as quality and reliability improvements allow people to keep their cars and trucks longer.

WEC Energy reports drop in profit linked to acquisition of Integrys
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The Milwaukee-based parent company of We Energies reported a 39% drop in profit in the second quarter, as costs linked to its big Midwest acquisition reduced earnings by nearly $67 million.

Judge to consider sentence reduction for Sachdeva in Koss embezzlement
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As Sujata“Sue” Sachdeva serves time in a California prison camp, state and federal courts are grappling with legal questions ” including whether the former Koss Corp. executive’s prison sentence should be cut by one-third ” that grew out of her $34 million crime spree.

Nightclub makes new attempt at downtown location
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Simplied Investments LLC has applied for tavern, public entertainment and restaurant licenses for a Silk Exotic club to operate on the top floor of a four-story office building at 804 N. Milwaukee St.

Berkshire Hathaway affiliate acquires First Weber Realtors
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First Weber Realtors, one of Wisconsin’s most prominent residential real estate brokerage firms, has been acquired by HomeServices of America Inc., an affiliate of Berkshire Hathaway Inc.

Steinhafels plans to expand distribution center in Pewaukee
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Furniture and mattress retailer Steinhafels Inc. plans to break ground Wednesday on a 107,000-square-foot expansion of its main distribution center in Pewaukee.

National Ace Hardware to be transformed in restaurant, beer garden, offices
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Downtown Milwaukee’s National Ace Hardware property will be redeveloped into space for a restaurant, beer garden and offices, the property’s new owners said Tuesday.

At Home to open this fall at former Kmart site on Mayfair Road
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Furniture and home décor retailer At Home plans to open a store this fall at a former Kmart site along N. Mayfair Road in Wauwatosa “ the first Wisconsin location for the Texas-based chain.

Frontier launching nonstop service from Milwaukee to Las Vegas
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Frontier Airlines will launch new nonstop service from Milwaukee County's General Mitchell International Airport to Las Vegas McCarren International Airport beginning Oct. 25, 2015.

OSHA cites Campione for safety violations
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Bread maker Joseph Campione Inc., has been cited for five safety violations after a worker was seriously injured on a machine that allegedly was not properly guarded.

County committee approves plan to renovate City Campus complex on west side
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A developer's plans to renovate a nine-story building on Milwaukee's near west side, instead of demolishing it, have received preliminary approval from county officials.

Roadrunner buys El Paso, Texas, trucking firm for $35 million
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The purchase is Roadrunner’s 34th acquisition since 2005, and the first in 2015.

India-based motorcycle-maker to acquire more of Erik Buell Racing
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Court-appointed receiver will review bids and determine what’s in the best interest of creditors.

'Lights out' factory expansion underway in Germantown
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There’s almost no direct labor in the company’s manufacturing process, aside from someone setting up plastic injection molding machines for a production run.

Coding school teaches the languages of computers
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Spencer Ritzow, 21, says he knows at least 10 languages.

ConsortiEX raises $1 million, plans new financing round
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ConsortiEX, a start-up company in Milwaukee that is developing software for hospital compounding pharmacies, said it has raised $1 million from investors.

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