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Wisconsin Business News


Provided by Milwaukee Journal Sentinel

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.

Earnings more than double for WEC Energy Group
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Profits 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.

Redevelopments proceeding in Walker's Point
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A former tavern and industrial site is converting to 10 apartments and retail space. It is among a series of new commercial developments on S. 2nd St.

Indian Motorcycle announces its 2017 bike lineup
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Indian’s new product announcement comes as Harley-Davidson is scheduled on Thursday to release its earnings for the second quarter.

Common Council rejects apartment high-rise behind Goll House
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Approval for the $55 million, 27-story apartment tower on Milwaukee’s east side failed to win a mandated supermajority of 12 votes after a protest petition was filed by neighboring property owners.

Worker's compensation insurance rates set to decrease
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Wisconsin’s insurance regulator has approved a 3.19% reduction for worker’s compensation rates. The lower insurance rates take effect Oct. 1, the state Department of Workforce Development said Tuesday

A.O. Smith reports record second quarter earnings
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Strong sales of water heating and water treatment products in China drive quarterly results.

AB InBev sweetens offer for SABMiller
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The brewer sweetens its offer after the“Brexit” pound slump prompted investor revolt, but a shareholder says the revised deal is still “unacceptable.”

Nelson, Cobb to promote Associated Bank again
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Green Bay Packers Jordy Nelson and Randall Cobb will be promoting Associated Bank again this season, participating in fan and customer events and a wide range of marketing and community projects

Caterpillar Inc. says more job cuts are coming this year
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The Peoria, Ill., based company, that has its surface mining equipment headquarters in South Milwaukee, already has hundreds of workers on layoff from the South Milwaukee operations and thousands on layoff worldwide.

Kohl's to carry Under Armour
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Addition of the growing brand of performance apparel gives the department store chain a bigger stake in active wear” a bright spot amid generally lackluster results

Heat and humidity boost crops, farmers-market goods
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In Milwaukee County, sweet corn is beginning to show up at farmers markets and local vendors. The recent rain and heat gave the corn a boost at a critical growth stage.

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