Economic Development

When the North Shore Bank at 4230 W. Oklahoma Ave. in Milwaukee was robbed recently, Alderman Joe Dudzik chased down the suspects.

Sarah Schott has been promoted to executive officer, vice president and chief compliance officer at Northwestern Mutual. She will lead the compliance/best practices department.

Scott Satterwhite, co-founder of the U.S. Value Team at Artisan Partners LP in Milwaukee, has advised the firm he plans to retire in three years. He will continue as a portfolio manager until September 2016.

Menomonee Falls-based Actuant Corp. reported fiscal fourth quarter net earnings of $58.3 million, or 78 cents per share, up from a net loss of $16.5 million, or 22 cents per share, in the same period a year ago.

Indianapolis-based Republic Airways Holdings Inc. announced it has entered into a definitive agreement to sell Frontier Airlines to an affiliate of Indigo Partners LLC in an all-cash transaction.

Employers are invited to attend the fifth annual BizTimes Get Smarter Conference, which will focus on how companies can use apprenticeships, internships and mentorships to develop their future workforce and become more productive.

Warren, Mich.-based Production Tool Supply Co. has acquired Menomonee Falls-based KM Tool Supply Ltd.

Economic indicators in the metropolitan Milwaukee area continue to move forward, with a majority of August indicators improving over year-ago levels, according to the latest monthly report by the Metropolitan Milwaukee Association of Commerce (MMAC).

Racine-based Modine Manufacturing Co. a diversified global leader in thermal management technology and solutions, announced it has entered into exclusive negotiations to acquire privately held Barkell Limited, a manufacturer of custom built air handling units located in Consett (County Durham), United Kingdom.

Pereles Bros. Inc., a Milwaukee-based plastic injection molding company, has been purchased through an equity buyout by business partners Steve Iram and Jim Gannon.