Economic Development
Briggs & Stratton to acquire Brazilian company
Briggs & Stratton Corp. announced that it has signed a definitive agreement to acquire Companhia Caetano Branco of Brazil for approximately $60 million, subject to post-closing adjustments.
Northern Trust named ‘Best Private Bank’
Northern Trust Bank has been named “Best Private Bank” in the United States for the fourth consecutive year by Professional Wealth Management and The Banker magazines, both published by the Financial Times Group.
Losses mounting at Anchor Bank
Anchor BanCorp Wisconsin Inc., the Madison-based parent company of Anchor Bank, announced a third quarter net loss of $12.1 million, or 57 cents per share, compared with a net loss of $19.6 million, or 92 cents per share, for the same period a year ago.
Roadrunner Transportation acquires South Dakota firm
Cudahy-based Roadrunner Transportation Systems Inc. announced it has acquired all of the outstanding stock of A&A Express, a provider of truckload services based in Brandon, S.D., for approximately $24.0 million, plus an earn-out capped at $2.5 million.
Can Ryan mitigate partisanship?
The country will be slicing and dicing state and national election returns for weeks to try to figure out where all the chips will fall. Some of the voting dynamics will remain obscure for awhile, but other fall-outs seem relatively clear. Among them:
Consumer confidence climbs to 5-year high
U.S. consumer confidence is at its highest level in more than five years, led by brighter views on current conditions, according to the preliminary November reading of the University of Michigan/Thomson Reuters Consumer Sentiment Index.
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Holiday hiring drive to “Give the Gift of Employment”
Express Employment Professionals’ Brookfield office, part of a global staffing firm, will host the “Give the Gift of Employment” hiring drive in partnership with the Food Pantry of Waukesha County to promote employment during the holiday season.
Restructuring charge clips Johnson Controls
Glendale-based Johnson Controls Inc. reported a fiscal fourth quarter net loss of $8.0 million, or 1 cent per share, compared with net income of $234 million, or 34 cents per share, in the same period a year ago.
Northwestern Mutual projects record dividend payout
Milwaukee-based Northwestern Mutual Life Insurance Co. Inc. will reach another financial milestone in 2013 with its largest dividend payout ever.
Mortgages propel Waterstone Financial
Wauwatosa-based Waterstone Financial Inc. reported third quarter net income of $8.4 million, 27 cents per share, compared with a net loss of $206,000 or 1 cent per share, in the same period a year ago.