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Wisconsin Business News


Provided by Milwaukee Journal Sentinel

Polaris introduces electric motorcycle, beating Harley to market
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Polaris says its electric Empulse TT can travel up to 140 miles between charges. Harley has electric bikes in development but says it is waiting for improvements in battery technology.

Wisconsin travelers sue major airlines, claiming antitrust violations over routes, fares
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Some Wisconsin air travelers have joined the growing numbers of passengers claiming the major airlines have improperly colluded to raise fares and boost profits to record levels.

New Kit and Ace store embraces customers with 'full-contact' lives
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Having gotten millions of women out of jeans and into yoga pants, the Wilson family now wants to drape the world in $80 T-shirts. Or at least part of the world, the part inhabited by young professionals living what the Wilsons call"full-contact" lives.

Griffin pays $7.8 million for Bergstrom property
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Waukesha-based Griffin AM LLC bought the property, 11100 W. Metro Auto Mall, from Bergstrom Chevrolet of Milwaukee Inc. for $7.8 million, according to the Tuesday filing.

Government contract for electronic health records goes to Epic competitor
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A team consisting of Cerner Corp.— Verona-based Epic’s largest competitor — along with Leidos Inc. and Accenture Federal Services was awarded the $4.3 billion contract.

WaterStone Bank to open new branch in Fox Point
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WaterStone Bank said Wednesday it plans to open its first branch on the north shore this fall with an office in Fox Point.

Severance payments diminish Roadrunner profits
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Cudahy trucking and logistics firm Roadrunner Transportation Systems Inc. said Wednesday it netted $16.5 million in the quarter ended June 30, up from $14.8 million a year ago.

Charge clips Fiserv's net income
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A one-time charge related to debt retirement and refinancing costs cut into Fiserv Inc.'s net income in the second quarter, but revenue rose and the firm's adjusted income from continuing operations topped Wall Street expectations.

Strong dollar takes toll on Rockwell revenues
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Pointing to a deceleration in industrial production from Asia to Latin America and the United States, Rockwell Automation Inc. on Wednesday lowered its full-year earnings outlook and reported a 4.5% decline in quarterly revenue, mainly due to the increase in the dollar's exchange rates.

Mequon Town Center is filling up
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The city's first urban-style development will soon have new residents, and some of the project's businesses already have opened.

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, state and federal courts are grappling with legal questions — including whether the former Koss Corp. executive’s prison sentence should be cut.

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.

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