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Wisconsin Business News


Provided by Milwaukee Journal Sentinel

Congress gives final approval to banning Internet access taxes
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Until now, states that imposed Internet access taxes have been allowed to continue. Seven states, including Wisconsin, have been collecting a combined $563 million yearly from the access taxes.

Southwest announces record $620 million profit share for employees
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Southwest Airlines announced a record employee profit share of $620 million for 2015 on Thursday, equivalent to about eight weeks of pay for each eligible employee.

New faces, new places for Feb. 12
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New Faces New Places is about personnel changes at Wisconsin businesses.

Marcus offers $15 overnight stays in promotion for Hilton Madison Monona Terrace hotel
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Hard to beat this deal: Fifteen bucks for a room at the Hilton Madison Monona Terrace hotel.

Smith takes the helm at Mason Wells
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Poised to deploy a new $615 million fund, the Milwaukee private equity firm gets its first new leader since spinning out of Marshall& Ilsley Corp. in 1998

Johnson Controls Inc.’s tax inversion plan
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Johnson Controls Inc., Wisconsin’s largest company, is expecting savings of $150 million a year when it shifts its corporate headquarters to Cork, Ireland, this fall as a result of its merger with Tyco International.

Sam's Club to be converted into light industrial space
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The store on Milwaukee’s far northwest side will be replaced by a new Sam’s Club opening in August. It would be the latest of several retail buildings near the former Northridge Mall to be converted.

State regulator honors financial literacy efforts
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Seven individuals and eight organizations have been honored by the Wisconsin Department of Financial Institutions for their efforts to promote financial know-how among state residents.

Filament Games releases new product
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Bongo Balance has students balance chemical equations by adding and subtracting fruit clusters between two hungry animals

Lending by Wisconsin credit unions rose in 2015
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Lending increased by 9.6% at Wisconsin’s 150 state-chartered credit unions in 2015, the industry’s regulator said Thursday.

Hurt by lower sales, higher costs, MillerCoors reports drop in quarterly profit
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For the fourth quarter ended Dec. 31, net income for MillerCoors was $109.5 million, down nearly 49% from $213.3 million a year earlier. Adjusted underlying net income was $191.5 million.

Developer plans 26-story apartment high-rise after moving Goll Mansion
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Madison developers Jeff and Chris Houden are seeking city permission to move the mansion to make way for a $55 million, 202-unit apartment building project overlooking Lake Michigan.

Asahi offers to buy Peroni, Grolsch beers from AB Inbev
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Budweiser-maker AB InBev has received a binding offer of $2.85 billion for the European beer brands Grolsch, Peroni and Meantime” a sale that is meant to address regulatory concerns about its mega merger with SABMiller.

UW Cooperative Extension cutting about 10% of its positions
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Each county will continue to have an Extension office, with programs like 4-H and Master Gardener, but in some cases staffing will be shared between counties.

Kansas gas station is first to sell gasoline below $1 a gallon
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Drivers in Jetmore, Kan., are first in the nation to buy gasoline this year for less than $1 a gallon as retailers prepare for a“clearance sale” across the region.

New Cafe Corazon in Bay View opens after challenging renovations
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Repair after repair unfolded, more than $500,000 worth of work for the building at 2394 S. Kinnickinnic Ave. But now, Cafe Corazon is ready to open.

Milwaukee-area home sales pick up where they left off in 2015
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The Milwaukee-area housing market has picked up where it left off last year, posting a 13.8% increase in January sales of existing homes, a report Wednesday shows.

Business Index
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