Wisconsin Business News

Steelworkers members question vote to ratify Caterpillar contract
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Citing strategic reasons, union leaders are witholding the tally of a vote to ratify a contract with Caterpillar, angering other members.

UWM student lab buzzing with app developers
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On the top floor of a former beer storage building in the redeveloped Pabst Brewing complex, University of Wisconsin— Milwaukee students are developing apps to help local start-ups, researchers, non-profits and government embrace the digital world.

Housing rebound key to economic recovery, JP Morgan executive says
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The housing rebound is key to broadening the economic recovery, and it appears the residential real estate market is positioned to keep growing, a JP Morgan Funds executive said Wednesday.

Frito-Lay opens CNG station
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Frito-Lay has opened its first compressed natural gas fueling station Wednesday at its plant in Beloit, which is part of a national rollout of CNG stations by the snack food company across the United States.

Madison private social network, Nextt Inc., raises $700,000 in funding
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Nextt Inc., a private social network for friends to connect online, said Wednesday it has raised $700,000 in seed funding.

Scale Up Milwaukee initiative to accelerate growth at selected companies
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Scale up Milwaukee, the effort organized by the Greater Milwaukee Committee to spur more business growth here, will start a pilot project in September to help selected local companies accelerate their growth, organizers said in a recent blog post.

Wisconsin ranked in top 5 states for medical imaging jobs
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Wisconsin is one of the top five states for direct jobs in the medical imaging industry, with an estimated 6,920 people employed in the manufacturing, selling and servicing of computed tomography, magnetic resonance imaging and other equipment, according to a new study from the Medical Imaging& Technology Alliance.

Event planned for opening of new, updated Hospice Alliance facilities
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Hospice Alliance, which provides hospice care in southeastern Wisconsin, will open its Racine Hospice House during ceremonies scheduled to take place from 4 to 6:30 p.m. Thursday at the Lincoln Lutheran Becker Shoop Campus, 6101 16 St., Mount Pleasant.

Proposed settlement will cover those who bought prepaid funerals
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Cost of burials for people who bought into Wisconsin Funeral Trust will continue to be covered as part of a proposed settlement.

ThedaCare plans new hospital in Shawano
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ThedaCare said that its board has approved construction of a $50 million hospital to replace the 82-year-old Shawano Medical Center.

Actuant posts third-quarter loss on divestiture of electrical business
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Actuant Corp. on Wednesday reported a fiscal third-quarter loss linked to the divestiture of its electrical business, but said its remaining businesses delivered earnings growth.

Angel investor tax credits help raise $164 million for start-ups in 2012
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Investors in 63 early-stage companies received $12.1 million of tax credits from the state in 2012 under a program designed to spur funding for young, high-tech companies, according to a new report.

Manufacturing raises profile on MMAC Future 50 list
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Manufacturers gained some ground and did well this year in the Metropolitan Milwaukee Association of Commerce’s annual list of rapidly growing companies.

Suit claims Menard pressured money manager's wife for sex
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A suit filed in Hamilton County, Ind., accuses Menard, a 73-year-old billionaire, of trying to financially“crush� a well-known Indianapolis businessman after the man’s spouse rejected Menard’s requests that she have sex with Menard and Menard’s wife.

Rexnord to have presence in water research center
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Rexnord Corp. has signed a lease for 4,300 square feet at Milwaukee’s Global Water Center, joining other companies that will have water-related research activities there.

New proposal put forth for assisted-living apartments in Shorewood
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A new apartment community for older residents is being proposed for Shorewood— the third such development proposed for the same high-profile site since 2008.

Capital Brewery planning expansion
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Capital Brewery Co. Inc., in Middleton said Tuesday it plans to build an $11 million, 50,000 square foot production facility in the Village of Sauk City.

Bethesda Lutheran facility in Watertown to close in 2014
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The Bethesda Lutheran Communities Intermediate Care Facility, which provides care for 73 people with intellectual and developmental disabilities in Watertown, will close Aug. 31, 2014, the facility announced on Tuesday.

State plans to invest up to $1 million to transform former Eaton site
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Wisconsin’s economic planning agency is drawing up plans to invest up to $1 million in Eaton Corp.’s former engineering building to create a business incubator for a new generation of electrical engineering and energy research entrepreneurs.

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