Economic Development
Earnings jump for Koss Corp.
Koss Corp., the Milwaukee-based high-fidelity headphone company, reported fiscal first quarter net income of $366,153, or 5 cents per share, up from $280,597, or 4 cents per share, in the same period a year ago.
Power Play: Wisconsin Energy launches $3.5 billion investment in state
Wisconsin Energy Corp., the state's largest electricity and natural gas provider, plans to invest $3.5 billion in infrastructure upgrades and renewable energy projects across the state by 2016.
United States needs to close its gender gap
Each year the World Economic Forum publishes a Global Gender Gap report that ranks the countries of the world on four metrics to measure their degree of gender equality or inequality:
Top executives call on Congress to avoid fiscal cliff
Chief executive officers at more than 80 major U.S. corporations released a statement today to pressure Congress to reduce the federal deficit with tax increases and spending cuts.
Ease the regulatory burden on community banks
Editor’s note: Congresswoman Gwen Moore (D-Milwaukee) submitted a letter to U.S. banking regulators on behalf of a bipartisan coalition of members of Congress from the Wisconsin delegation asking regulators to consider a scaled approach to the implementation of Basel III banking regulations for small and community banks. Moore’s letter received the support of U.S. Reps. Sean Duffy, Ron Kind, Tom Petri, Reid Ribble and Jim Sensenbrenner. The letter was sent Federal Reserve System Chairman Ben Bernanke, Federal Deposit Insurance Corp. Acting Chairman Marin Gruenberg and Office of the Comptroller of the Currency Tom Curry. The letter reads as follows:
Johnson Controls to acquire assets of bankrupt company
Glendale-based Johnson Controls Inc. has entered into an agreement to purchase the automotive business assets of A123 Systems Inc., a Waltham, Mass., company that has filed for bankruptcy protection.
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Seek Careers acquires Minnesota firm
Grafton-based Seek Careers/Staffing Inc. has acquired Minnesota-based Brigham Group Staffing.
U.S. Bank caps record quarter
Minneapolis-based U.S. Bancorp, which operates U.S. Bank branches in Wisconsin, reported record third quarter net income of $1.4 billion, or 74 cents per share, up from $1.3 billion, or 64 cents per share, in the same period a year ago.
Net income rises at Northern Trust
Chicago-based Northern Trust Corp., which operates a Northern Trust Bank branch in downtown Milwaukee, reported third quarter net income of $178.8 million, or 73 cents per share, up from $170.4 million, or 70 cents per share, in the same period a year ago.
Associated Bank to close 12 branches
Associated Bank, a division of Associated Banc-Corp, announced it will close 12 retail branches in Wisconsin and Illinois to enhance efficiency in its branch network.
