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Wisconsin Business News


Provided by Milwaukee Journal Sentinel

Owners of Ugly's plan new Water Street bar
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Two owners of a downtown Milwaukee tavern and a partner plan to open a new bar at 1131 N. Water St. in the space vacated by the Coyote Ugly Saloon.

Harley recalls nearly 46,000 motorcycles
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Harley-Davidson is recalling nearly 46,000 motorcycles in the U.S. because they could stay in gear because of clutches that won’t fully disengage.

Waterstone earnings up 60% on rebound in mortgage banking
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Mortgage banking revenue totaled $21 million. At the same time in 2014, Waterstone had $14.5 million in mortgage banking income.

S.C. Johnson to acquire three brands from Bangladesh firm
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The move adds ACI Insecticides, Angelic Air Care and the Vanish Brand of Toilet Cleaners to S.C. Johnson’s product portfolio.

OneJet plans nonstop service between Milwaukee and Pittsburgh
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OneJet's business model focuses on city pairs that do not have nonstop air service between them.

Alliant Energy proposes $750 million gas-fired power plant in Beloit
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In a twist, Alliant is proposing to produce power from both fossil fuels and solar energy. The Madison-based utility is proposing a 2-megawatt solar generating facility next to the gas-powered plant.

Smartphone technology company Snowshoe raises $1 million
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The funding will be used to expand offshore manufacturing and hire several employees in the company’s Madison fulfillment center.

First Business Financial reports record quarterly profit
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The parent company of First Business Bank-Milwaukee said Friday it posted record profit in the first quarter as lending and revenue increased.

A.O. Smith logs 25% earnings increase, aided by growth in China
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The earnings beat the average estimate of 62 cents a share from analysts surveyed by Yahoo Finance.

New faces, new places for April 24
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New faces, new places is about personnel changes at Wisconsin businesses.

Comcast plans to walk away from $45 billion Time Warner Cable deal
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Comcast Corp. is planning to walk away from its proposed $45.2 billion takeover of Time Warner Cable.

Briggs&Stratton reports boost in quarterly earnings
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Briggs& Stratton is the world’s largest manufacturer of small gasoline engines

McCain Foods to close Fort Atkinson plant, cut 119 jobs
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The job cuts are expected to begin June 26 and run through Dec. 18. The company didn’t say why it is shutting down the plant.

Rogers to open acute-care psychiatric hospital in Brown Deer
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Rogers Behavioral Health System will open a hospital in Brown Deer next week that eventually could have 56 beds for patients who require acute care.

Strattec earnings rise 22% on sales to automakers outside Detroit
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Although sales of keys, locks and other parts for Ford, General Motors and Chrysler vehicles fell, those declines were offset by higher sales to other suppliers.

Two apartment development proposals in Milwaukee awarded tax credits
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The two historic buildings” one north of downtown’s Park East strip, the other in Walker’s Point ” are among 25 Wisconsin apartment development proposals that will receive federal tax credits

Plexus reports second-quarter earnings rise 27%
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The contract manufacturer of electronic components saw better-than-expected demand in the networking/communications and health care/life sciences markets.

Marquis Yachts sues VanDutch for breaking contract
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In the lawsuit filed in U.S. District Court in Green Bay, Marquis says VanDutch Marine failed to provide usable plans, specifications, tooling and molds for 120 yachts Marquis was to build.

Bemis profit up 10.6% following restructuring
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Bemis has been selling low-margin divisions, which has involved plant closures. Earnings rose more sharply after Bemis strips out the costs of plant closures.

Business Index
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