Economic Development

In a major strategic move, Milwaukee-based Hal Leonard Corp. has acquired 100-percent ownership of Boston-based Noteflight LLC, a fast-growing online community of nearly 1 million music makers.

Wisconsin state banks reported combined net income of $1.02 billion in the fourth quarter of 2013, up from $828 million in the fourth quarter of 2012, according to the Quarterly Banking Profile released by the Federal Deposit Insurance Corp.

Rick Kollauf has been named estate planning manager at BMO Private Bank.

Sussex-based Quad/Graphics Inc. reported fourth quarter net earnings of $60 million, or $1.24 per share, up significantly from $20.7 million, or 39 cents per share, in the fourth quarter of 2012.

In today's lending environment, “red flags” can significantly impact your ability to get the funds you need for your business. Red flags result in lenders questioning the quality of financial management within your company or of you as the owner – and assessing the quality of management and owners is a hot topic with lenders today.

Twenty-four students will explore their potential to excel as entrepreneurs in an experiential graduate program to be launched by Carroll University and Tim Keane, director of Brookfield-based Golden Angels Investors, this September.

Milwaukee-based Artisan Partners Asset Management Inc. has commenced a public offering of 7 million shares of its Class A common stock.

Cudahy-based Roadrunner Transportation Systems Inc. announced that it has acquired Rich Logistics, a provider of truckload and expedited services based in Little Rock, Ark.

Associated Bank has been expanding its revamped training program, Associated University, based on a prototype location in Milwaukee.

Glendale-based Johnson Controls Inc. is planning to sell its automotive headliner and sun visor business to an affiliate of Connecticut private equity firm Atlas Holdings LLC.