Economic Development
Morning Headlines: Merger forms one of the state’s largest credit unions
Kimberly-based Capital Credit Union and Ashwaubenon-based Pioneer Credit Union will merge operations later this year, forming one of the largest credit unions in the state.
Hladio honored for leadership
Jayne Hladio, U.S. Bank Wisconsin regional manager for metropolitan banking in Milwaukee, has been honored by the Wisconsin Minority Supplier Development Council for her leadership in encouraging supplier diversity at the bank.
AccessAbility division sold
Cudahy-based AccessAbility Home Medical & Rehab Products has sold its mobility division to Rocky Hill, Conn.-based Numotion.
GDP grew 2.6% in fourth quarter
The U.S. Department of Commerce announced that the gross domestic product grew at a 2.6 percent annual rate in the fourth quarter.
Artisan forms high income fund
Artisan Partners has launched a new fund, called the Artisan High Income Fund.
Blackthorne, Lund acquire Columbus manufacturer
Brookfield private equity firm Blackthorne Partners Ltd. and former Trostel Ltd. vice president Ross Lund have acquired Columbus-based Hughes Co. The company will now be called Hughes Equipment Company LLC.
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Marcus earnings up on strong Theatres showing
Milwaukee-based The Marcus Corp. reported fiscal 2014 third quarter net earnings of $273,000, or 15 cents per share attributable to the company, down from $4.3 million, or a loss of 5 cents per share attributable to the company, in the same quarter a year ago.
Actuant down on tax increase
Menomonee Falls-based Actuant Corp. reported fiscal second quarter net earnings of $41.4 million, or 56 cents per share, up from $28.4 million, or 38 cents per share, in the second quarter of 2013.
Waterstone earnings down on lower loan margins
Wauwatosa-based Waterstone Financial Inc. reported fourth quarter net income of $1.9 million, or 6 cents per share, down from $18.1 million, or 53 cents per share, in the fourth quarter of 2012.
Texas company acquires Sterling Aviation
Landmark Aviation's Aircraft Management & Charter division recently expanded its fleet with the acquisition of Sterling Aviation, a full-service aircraft management and charter provider at General Mitchell International Airport in Milwaukee.