Economic Development

The U.S. stock market sputtered last week as analysts speculated that the Federal Reserve Board may be on the verge of tapering its bond-buying program and might even be pondering a slight increase in the core interest rate.

Milwaukee-based Rexnord Corp. has acquired the assets of Micro Precision Gear Technology Ltd., a UK-based specialty precision aerospace gears manufacturer.

Brookfield-based North Shore Bank has announced it will receive an increase in the grant per household amounts for the Downpayment Plus and DPP Advantage programs.

The Federal Reserve Bank of Chicago’s National Activity Index for July showed economic growth remained sluggish in July.

The BrightStar Wisconsin Foundation, a groundbreaking philanthropic approach to supporting job creation and economic growth statewide through investment in early-stage companies, on Tuesday announced the opening of a Milwaukee office that will serve as its headquarters.

Gov. Scott Walker announced today the appointment of Milwaukee marketing executive Nancy Hernandez to the Wisconsin Economic Development Corp. (WEDC) board of directors.

The U.S. stock market has sputtered this week as analysts speculate that the Federal Reserve Board may be on the verge of tapering its bond-buying program and might even be pondering a slight increase in the core interest rate.

Milwaukee-based Briggs & Stratton Corp. reported a fiscal fourth quarter net loss of $55.0 million, or $1.17 per share, compared with a net loss of $8.4 million, or 18 cents per share, in the same period a year ago.

Euro Plus, the developer of NiceLabel software, announced it has acquired all of the assets of Brookfield-based Niceware International through its subsidiary NiceLabel Americas Inc.

Minority-owned American banks are more generous with their customers when it comes to interest rates on certificates of deposit, according to a new study from the University of Wisconsin-Whitewater.