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Wisconsin Business News


Provided by Milwaukee Journal Sentinel

Milwaukee company among Neuro Startup Challenge winners
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Formed in April, Angio360 Diagnostics LLC makes cancer diagnostic tools for veterinary and human applications.

Two groups approved to hold public events at downtown lot
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The Milwaukee Redevelopment Authority granted licensing agreements to Creative Alliance Milwaukee Inc. and Clever Sauce Creative to use the lot south of W. Wisconsin Ave. and west of N. 4th St.

Umi steps up sales of its children's shoes overseas
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Umi, part of Weyco Group, has increased its product distribution in South Korea, China, the Philippines, India, Israel, Russia and other countries.

New Faces, New Places for May 22
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New Faces, New Places is about personnel changes at Wisconsin businesses.

Approval seems likely for Wisconsin Energy purchase of Integrys
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Wisconsin Energy Corp. appears to be on track to gain the regulatory approvals it needs for its $9.1 billion acquisition of Chicago-based Integrys Energy Group Inc.

Tazinos restaurant chain appears to have closed
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The Menomonee Falls location— the only one of the four fast-casual pizza, pasta and salad spots that has been open since mid-April — is now operating as Pizza Crafters.

City panel approves grants for downtown office tower, building rehab
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Johnson Controls would get $250,000 to help it conduct tests on a possible office development site, while the renovation of the Mackie Building would receive $900,000 in city funds.

Ashley Furniture Industries opens e-commerce center in Tampa, Fla.
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The Arcadia-based company said Thursday it will house more than 100 employees in a 70,000-square-foot space in Tampa’s historic Ybor City neighborhood.

Gov. Scott Walker delivered about half the jobs promised in first term
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Wisconsin created 129,131 private-sector jobs in the four years of the governor’s first full term, according to data released Thursday.

Brady Corp. third-quarter earnings fall 28.5%
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Brady Corp., a Milwaukee-based manufacturer that's been restructuring its operations around the globe, on Thursday reported a 28.5% drop in earnings in the latest quarter.

Madison medical device maker Neuwave raises $25 million
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Founded by University of Wisconsin-Madison scientists, Neuwave’s device provides a minimally invasive treatment that uses microwave energy to destroy tumor cells.

Westbury Bank to repurchase 4.5% of shares outstanding
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Westbury Bancorp Inc. said Thursday its board has authorized another stock buyback program.

Bon-Ton Stores posts wider loss on higher costs
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Increased e-commerce distribution and delivery costs and an unfavorable comparison to prior-year permanent markdowns hurt Bon-Ton’s performance.

Rexnord earnings fall 19.3% amid weakening demand
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Rexnord Corp. reported a 19.3% decline in fiscal fourth-quarter earnings amid weakening demand from general industrial markets and a decline in sales to bulk material handling markets.

Indiana nursing home developer seeks to skirt Wisconsin's nursing home limits
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Critics worry that an amendment accommodating the proposal could be slipped into Wisconsin’s budget bill on Thursday, which would allow it to avoid the public scrutiny given to ordinary legislation.

Fiserv ordered to turn over data on credit union overdraft fees
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A federal consumer protection regulator has told the Brookfield financial technology firm Fiserv Inc. to turn over data on overdraft fees charged by credit unions as part of an ongoing evaluation of overdraft practices.

ZBB Energy plans name change to EnSync
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Shareholders will be asked to approve the name change when they vote on a plan to sell a controlling stake in the company to China-based Solar Power Inc., according to a regulatory filing Wednesday.

Kohl's will test off-priced store for returned merchandise
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Kohl’s Corp. is dipping its toe in the surging off-price retailer stream, with plans to soon begin testing a new store format offering deep discounts on returned merchandise.

Amenity will have apartment residents climbing the walls
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Mandel Group’s latest Milwaukee apartment development will be combined with an indoor climbing wall gymnasium — a feature the company says will attract young, active, outdoors-oriented tenants.

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