Economic Development
GDP rose 3.2% in fourth quarter
The U.S. economy picked up the pace in the fourth quarter as consumers opened their wallets and businesses increased investments, marking one of the best six-month periods of growth in a decade.
GE acquires API Healthcare
General Electric has announced it has agreed to acquire Hartford-based API Healthcare.
Richardson Industries sells lumber division
Sheboygan Falls-based Richardson Industries Inc. has sold Richardson Lumber Company to Drexel Building Supply.
Strattec reports strong quarter
Glendale-based Strattec Security Corp. reported fiscal second quarter net income of $3.8 million, or $1.09 per share, up from $2.4 million, or 70 cents per share, in the same period a year ago.
Chase Foundation grant aims to create jobs
The JPMorgan Chase Foundation has awarded a $7 million grant to four Community Development Financial Institutions to help them create jobs in low and moderate income communities, including Milwaukee.
Nye named vice president at Generation Growth
Milwaukee private equity firm Generation Growth Capital Inc. has promoted Thomas P. Nye to vice president.
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Oak Hill adds a partner
Brookfield-based Oak Hill Business Partners has added Mike Thompson as a partner.
Larson leaving Waterstone Financial
Waterstone Financial Inc., the holding company for Wauwatosa-based WaterStone Banks SSB, announced Richard C. Larson, its chief financial officer, will resign on Feb. 7.
Waterstone expects offering to bring $253 million
Waterstone Financial Inc., the holding company for Wauwatosa-based WaterStone Banks SSB, has announced the results of its stock offering.
Printing companies merge
Waukesha-based printing company Citypress and West Allis-based printing company EGX Group have merged.
