Arthur Thomas

Arthur covers banking and finance and the economy at BizTimes while also leading special projects as an associate editor. He also spent five years covering manufacturing at BizTimes. He previously was managing editor at The Waukesha Freeman. He is a graduate of Carroll University and did graduate coursework at Marquette. A native of southeastern Wisconsin, he is also a nationally certified gymnastics judge and enjoys golf on the weekends.

Northwestern Mutual investing $5 million to boost Black-owned businesses in Milwaukee

Northwestern Mutual is investing a total of $5 million in Legacy Redevelopment Corp. and Northwest Side Community Development Corp., two Milwaukee-based community development financial institutions.

Generac adds $150 million to sales outlook after ‘better-than-expected’ production improvements

Generac Holdings Inc. now expects its sales to be up 36% to 40% in 2022 after the maker of home standby generators and other power products saw “better-than-expected” progress in its efforts to ramp up production.

Rockwell Automation still sees strong demand even as supply chain issues cut outlook

Shortages of electrical components, COVID-19 shutdowns in China and Russia’s invasion of Ukraine all weighed on the performance of Rockwell Automation’s fiscal second quarter and prompted the company to cut its guidance for the remainder of the year.

With supply chain costs up $82 million in Q1, Harley still expects improvements in second half

Milwaukee-based Harley-Davidson faced an additional $82 million in supply chain costs during the first quarter compared to 2021 and also faced production limitations for certain motorcycle models.

Region’s manufacturing growth continues, but outlook worsens

The southeastern Wisconsin manufacturing sector continued to grow in April, but the outlook for the next six months worsened dramatically compared to March, according to the latest Marquette-ISM Report on Manufacturing.

We Energies seeking rate increase driven by clean energy investments

We Energies utilities are seeking approval from regulators for rate increases that would increase the typical residential electric bill by $5 to $6 per month, a 5% to 6% increase starting in January.
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Public record: The timeline for Zurn’s acquisition of Elkay

Milwaukee-based Zurn Water Solutions was four months removed from completing a major transaction that changed its name from Rexnord,...

Baird’s Mary Ellen Stanek receives top Morningstar award for portfolio managers

Morningstar has recognized Mary Ellen Stanek, the president of Baird Funds and co-chief investment officer of Baird Advisors, with its Outstanding Portfolio Manager Award for 2022.

Milwaukee 7 goes public with $6 million fundraising campaign

The Milwaukee 7 Partnership for Economic Development is seeking to raise $6 million by 2025 to support its economic development efforts in southeastern Wisconsin.

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