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.

Former Foxconn exec Yeung says Ohio would have been better for Gen 10.5 plant

Former Foxconn executive Alan Yeung says it would have made more sense for Foxconn to pick Ohio for the Generation 10.5 LCD plant it initially planned to build in Mount Pleasant.

Year-over-year wage growth in Wisconsin tops 6% for third straight month

In March, the average hourly wage for a private sector worker in Wisconsin was $29.80, up more than 6.9% from the same time in 2021, according to preliminary data from the U.S. Bureau of Labor Statistics.

Kohl’s CEO says settlement with activist investor is ‘unlikely’

Kohl’s Corp. chief executive officer Michelle Gass told employees of the Menomonee Falls-based retailer a settlement with an activist investor pushing for changes at the company is “unlikely.”

Little job growth in March, but Wisconsin’s unemployment rate dips to 2.8%

Wisconsin added just 500 private sector jobs in March, but the state’s unemployment rate declined to 2.8%, according to preliminary data released by the state Department of Workforce Development.

Froedtert Health partnering with Carbon Health on eastern Wisconsin clinics

Wauwatosa-based Froedtert Health plans to partner with Carbon Health as the San Francisco-based health care provider builds primary care and urgent care clinics throughout eastern Wisconsin.

Kohl’s takes aim at Macellum’s track record in latest shareholder letter

Menomonee Falls-based Kohl’s Corp. is taking aim at the track record of activist investor Macellum Capital Management as the back-and-forth between the two sides continues ahead of the retailer’s upcoming annual meeting in May.
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Seeking to preserve legacy and culture, Elkay was heading toward IPO before Zurn offer emerged

The owners of Elkay Manufacturing were preparing to take the Downers Grove, Illinois-based company public after determining there were no appropriate buyers for the business before Milwaukee-based Zurn Water Solutions made an offer to buy the company.

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