Economic Development

Erik Buell has sold a 49.2-percent stake in his East Troy company, Erik Buell Racing LLC, to Hero MotoCorp Ltd. of New Delhi, India.

The Federal Reserve last week indicated it will begin tapering its bond purchasing and quantitative easing policies, which had a distinct impact on the markets, according to the U.S. Bank The Private Client Reserve Market & Economic Update.

Menomonee Falls-based Actuant Corp. reported a fiscal third quarter loss of $93.0 million, or $1.24 per share, compared with net income of $34.4 million, or 45 cents per share in the same period a year ago.

West Milwaukee-based Rexnord Corp. announced the pricing of its previously announced public offering of its common stock held by certain funds affiliated with Apollo Global Management LLC.

Corey Vanderpoel has been named a managing director at Schenck M&A Solutions. He will be responsible for providing M&A advisory services to new and existing clients.

Oconomowoc-based First Bank Financial Centre, in partnership with Ixonia-based COWS Mobile Storage, is building on a collection of supplies totaling nearly 1,500 pounds to benefit victims of deadly tornadoes that touched down in Oklahoma in May.
 

Wauwatosa-based WaterStone Bank SSB is adding two new members to its board of directors, expanding the group. Ellen Bartel and Kristine Rappe were appointed to the board on June 21.

The conditions in the local mergers and acquisitions market are ripe for business owners to sell, according to industry experts.

Women now make up almost 40 percent of Wisconsin’s high net worth residents, according to the first in a series of studies about wealthy residents in the state by BMO Private Bank.

The Wisconsin State Senate unanimously passed a bill that includes numerous reforms to the Wisconsin Economic Development Corporation (WEDC).