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Wisconsin Business News


Provided by Milwaukee Journal Sentinel

Final push under way for Obamacare sign up
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Roughly two weeks remain to sign up for a health insurance on the marketplace set up under the Affordable Care Act, and the penalty for not having coverage this year will have a bit more of a bite.

Koss says quarterly sales increased 7.9%
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Koss Corp. turned a $166,000 profit in the second quarter as sales rose 7.9%, the Milwaukee headphone maker said Thursday.

First Business Financial Services 4Q earnings slip
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Fourth-quarter earnings fell slightly for the parent company of First Business Bank-Milwaukee as gains in net interest income and fee income were offset by an allocation to loan-loss reserves.

Manitowoc Co. to split crane, food service businesses
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In December, activist investor Carl Icahn, who has a 7.7% stake in Manitowoc, advocated for the spinoff.

Unity, Gundersen health plans exploring a partnership
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Unity Health Plans Insurance Corp., an affiliate of UW Health, and Gundersen Health Plan, a subsidiary of Gundersen Health System, said they are looking at combining their businesses.

Developer may pull Innovation Campus hotel plan
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The plan could be dropped if city officials refuse to provide funds to resolve construction site issues, according to the hotel’s developer.

SupplementWarehouse.com files for bankruptcy reorganization
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With a lender poised to force it into receivership, an Oak Creek-based supplier of sports-related energy and nutritional supplements has filed for Chapter 11 bankruptcy.

Milwaukee, Madison firms raise $2 million each, filings show
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Two Wisconsin companies— a Milwaukee staffing firm and a Madison biotech company — have each raised about $2 million of equity funding, according to filings with the U.S. Securities and Exchange Commission.

Xcel Energy, railroads settle Ashland contamination lawsuit
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Ashland— Xcel Energy and two railroads have settled a lawsuit over contamination at the lakefront in Ashland.

Bemis Co. posts 5.2% gain in quarterly earnings
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Bemis Co. on Thursday said sales and earnings increased in the latest quarter after stripping out the effects of recent acquisitions, divestitures and currency fluctuations.

Spectrum Brands raises dividend 10%
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Spectrum Brands Holdings Inc. declared a quarterly dividend of 33 cents a share on the company's common stock, an increase of 3 cents or 10%.

Health care technology company Mpirik raises $1.75 million
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Mpirik’s products include a mobile application that sends updates from the operating room to a patient’s family and friends.

Harley earnings slip, but exceed expectations
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Harley said its worldwide motorcycle sales grew 2.8%, driven by a 9.2% increase in international sales.

Apple says it has more to offer beyond iPhones
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Apple CEO Tim Cook and Chief Financial Officer Luca Maestri say they’re optimistic about other products in Apple’s portfolio.

Wisconsin lawmakers debate impact of EPA rules on state economy
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State lawmakers disagreed Wednesday on the impact that the U.S. Environmental Protection Agency’s global warming rules will have for Wisconsin’s economy.

Judge freezes assets of man SEC accuses of running Ponzi scheme
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A federal judge Wednesday froze the assets of Loren Holzhueter, the Watertown insurance agent charged with securities fraud in a lawsuit filed by the U.S. Securities and Exchange Commission.

Fed to remain patient on rates
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Washington— The Federal Reserve reiterated Wednesday that it will be"patient" in raising interest rates from record lows even as the U.S. economy moves steadily closer to full health.

Facebook's status update: Profit, revenue beat expectations
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New York— For the seventh quarter in a row Facebook beat profit and revenue forecasts, continuing to win more mobile advertising revenue as most users shift to using the site on smartphones and other portable devices.

France's Esker acquires Fitchburg tech company TermSync
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TermSync Inc., a Fitchburg company with an accounts receivable automation platform, has been acquired by Esker, a publicly traded French company that operates around the globe.

Business Index
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