Economic Development

Milwaukee-based Artisan Partners Asset Management Inc. reported net income of $3.0 million, or 19 cents per share, in its first quarter as a publicly traded company.

Waterstone Financial Inc., the Wauwatosa-based parent company of WaterStone Bank, reported first quarter net income of $4.6 million, or 15 cents per share, up from $2.2 million, or 7 cents per share, in the same period a year ago.

Johnson Outdoors Inc. reported fiscal second quarter net income of $8.9 million, or 90 cents per share, up from $7.3 million, or 74 cents per share, in the same period a year ago.

It's no secret that Republicans and Democrats in the Wisconsin Legislature have disagreed on more than a few issues in recent years. There comes a time, however, to put partisanship aside and to stand on common ground.

Ten Wisconsin companies took spots on the Fortune 500 listing released yesterday.

The Milwaukee-area manufacturing industry contracted in April, according to a monthly report from the Institute for Supply Management-Milwaukee.

The U.S. stock market rose to all-time highs today as the U.S. Department of Labor reported that the national unemployment rate dropped to 7.5 percent in April, its lowest rate since December 2008.

A new audit by the nonpartisan Legislative Audit Bureau cites the Wisconsin Economic Development Corp.'s failure to comply with basic accounting requirements and accountability for the state's job creation resources.

Chicago-based accounting, tax and advisory firm Baker Tilly Virchow Krause LLP will merge with New York-based Holtz Rubenstein Reminick LLP on June 1.

Jacksonville, Fla.-based FIS notified the Wisconsin Department of Workforce Development that it will close its facility at 1515 N. Rivercenter Drive in Milwaukee and lay off about 301 employees.