Economic Development
Harley sales soar
Harley-Davidson Inc. reported second quarter net income of $271.7 million, or $1.21 per share, up from $247.3 million, or $1.21 per share, in the same period a year ago.
Roadrunner Transportation acquires Missouri firm
Cudahy-based Roadrunner Transportation Systems Inc. announced that it has acquired all of the outstanding membership interests of Springfield, Mo.-based logistics firm Marisol International LLC for a total purchase price of $66 million, plus an earn-out capped at $2.5 million.
Generac to Acquire Tower Light business
Waukesha-based Generac Holdings Inc. announced it has signed a purchase agreement to acquire the equity of Tower Light Srl and its wholly-owned subsidiaries from European private equity fund Ambienta I and a group of minority-share investors.
ABC Supply acquires Tennessee firm
Beloit-based building products distributor ABC Supply Co. Inc. announced that it has acquired the assets of American Wholesale Building Supply Co., a distributor of siding and windows with a single location in Nashville, Tenn.
New hires and promotions
Robert F. Wolf has been named chief credit officer at Spring Bank. He joined the bank as vice president-administration...
Kaminski to head wealth division
Daniel L. Kaminski has been named executive vice president and head of Johnson Bank’s Wealth line of business.
- Advertisement -
Artisan Partners earnings up
In its second quarter as a publicly traded company, Artisan Partners Asset Management Inc. reported earnings of $5.7 million, or $0.38 per share, up from $3 million or $0.19 per share in the first quarter.
Stocks may rally into late August
Bruce Bittles, Robert W. Baird & Co. Inc. chief investment strategist, wrote in his market notes yesterday that he expects the stock market to continue its rally into late August.
Midwest manufacturing output up in June
The Chicago Fed’s Midwest Manufacturing Index increased 0.4 percent in June up from -0.5 percent in May.
PNC Financial doubles earnings
The PNC Financial Services Group Inc., the Pittsburgh-based parent company of PNC Bank, reported second quarter net income of $1.1 billion, or $1.99 per share, up from $546 million, or 98 cents per share, in the same period a year ago.