Economic Development

The Wisconsin Economic Development Corporation (WEDC) recognized minority and women-owned Wisconsin companies for their achievements at this year's Governor's Conference on Minority Business Development in Milwaukee.

The Wisconsin Economic Development Corporation (WEDC) recognized minority and women-owned Wisconsin companies for their achievements at this year’s Governor’s Conference on Minority Business Development in Milwaukee.

Milwaukee-based Rockwell Automation Inc. announced it has completed the acquisition of the medium voltage drives business of Harbin Jiuzhou Electric Co. Ltd.

Continental Surveying Services LLC has acquired Elder Engineering in a transaction that merges the two Richfield-based companies.

Sussex-based Quad/Graphics Inc. has signed an agreement to acquire substantially all of the assets of Vertis Holdings Inc., a Baltimore, Md.-based company that has filed for bankruptcy, for $258.5 million.

The PNC Financial Services Group Inc., the Pittsburgh-based parent company of PNC Bank, which has branches in the Milwaukee market, today reported third quarter net income of $925 million, or $1.64 per share, up from $834 million, or $1.55 per share, for the same period a year ago.

Billionaire investor Carl Icahn announced he plans to make an unsolicited takeover bid to acquire Oshkosh Corp. for almost $3 billion.

BizStarts Milwaukee has received a grant extension for $718,000 from the U.S. Economic Development Administration to help grow start-up companies in the M-7 region.

The Wisconsin Department of Administration announced Monday it will deposit $108.7 million in the state’s rainy day fund, the largest amount ever allotted to the fund. The deposit will bring the fund balance to $125.4 million.

Business confidence in future growth prospects turned downward in 2012's fourth quarter, according to the latest Business Outlook Survey conducted by the Metropolitan Milwaukee Association of Commerce.