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Wisconsin Business News


Provided by Milwaukee Journal Sentinel

U.S. stock indexes trading near record levels as Japan boosts stimulus
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U.S. stocks moved higher in morning trading, with benchmark indexes topping their all-time closing highs, as an unexpected boost in stimulus from the Bank of Japan spurred optimism in the global economy.

NewPage agrees to sell Biron mill
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NewPage Corp. has agreed to sell its paper mill in Biron, near Wisconsin Rapids, in a transaction that is seen as a precursor to a bigger merger of two North American papermaking rivals, NewPage and Verso Paper Corp.

Walmart ups ante on holiday shopping
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Walmart’s move underscores how stores are being forced to step up their game for the holiday shopping season, which accounts for about 20% of retail industry’s annual sales.

Rexnord acquires Italian manufacturer Tollok
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Tollok is a supplier of shaft locking devices for the power generation and process industries.

Oshkosh Corp. earnings more than double; raises dividend 13%
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Oshkosh Corp. reported fiscal fourth-quarter earnings more than doubled as lower defense segment sales were offset in part by improved demand in the company's access equipment and commercial segments.

New Faces, New Places
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New Faces, New Places is about personnel changes at Wisconsin businesses.

N.Y. real estate investor apparent winner of Grand Avenue mall auction
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A Brooklyn, N.Y.-based real estate investor is apparently the high bidder on downtown Milwaukee’s Shops of Grand Avenue mall.

High-tech camera helps improve diabetic care
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Two local clinics have found a way to help prevent patients with diabetes from losing their eyesight while saving money.

Manitowoc's Bank First National earnings jump 30%
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Profits for the parent company of Bank First National increased more than 30% in the third quarter as net interest income rose and the bank's loan portfolio improved.

Baylake earnings rise, aided by improving loan portfolio
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An improving loan portfolio required no addition to loan-loss reserves in the third quarter, helping the parent company of Baylake Bank post an 11.4% increase in earnings.

'ChevyGuy' becomes social media sensation
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ChevyGuy and MadBum are the big winners of the World Series.

Roadrunner Transportation Systems earnings up 8.9%
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Roadrunner Transportation Systems Inc. earned $14.4 million in its third quarter, up 8.9% from the $13.2 million the Cudahy trucking and logistics firm netted a year ago.

Global Precision Industries moves to Menomonee Falls
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The privately held firm will relocate from Germantown to a new building in Menomonee Falls, which it is expanding with facilities for rapid prototyping, testing, warehousing and design.

Higher broadcast revenue lifts Journal Communications earnings
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Profits rose 54.5% in the third quarter for Journal Communications Inc., an increase driven largely by political advertising in the company’s broadcast unit.

Apartments planned at Hall Automotive site in Tosa
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Two Atlanta-based firms have submitted plans to develop a building with 236 apartments at 11011 W. North Ave. in Wauwatosa.

Wal-Mart testing plan to match online competitors' prices
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New York” Wal-Mart Stores Inc. is considering matching online prices from competitors like Amazon.com, raising the stakes for the holiday shopping season.

Kohl's stores will open at 6 p.m. Thanksgiving Day
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Kohl’s Department Stores will open at 6 p.m. on Thanksgiving Day, two hours earlier than last year.

Johnson Controls' fourth-quarter earnings triple, driven by battery sales
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The battery business was boosted in part by sales of start-stop vehicles, which use Johnson Controls batteries that enable a car’s engine to stop when idling.

Business Index
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