Economic Development
Dow hits 5-year high as unemployment rate dips below 8%
The Dow Jones Industrial Average climbed 83 points today to 13,658, its highest point in five years, with the news that the U.S. unemployment rate fell to 7.8 percent in September, dropping below 8 percent for the first time since January of 2009.
Get Smarter by attending conference
Southeastern Wisconsin business executives can become more enlightened leaders and learn about practical solutions to bridge the region's skills gap by attending the fourth annual BizTimes Get Smarter Conference.
Stocks rise with stronger jobs data
As President Barack Obama and challenger Mitt Romney prepare for tonight’s debate, the Dow Jones Industrial Average surged past the 13,500 mark this morning with news that the ADP National Employment Report showed the U.S. private sector added 162,000 jobs in September on a seasonally adjusted basis.
Mastervolt charge clips Actuant’s earnings
Menomonee Falls-based Actuant Corp. reported a fiscal fourth quarter net loss of $16.5 million, or 23 cents per share, compared with a net profit of $41.4 million, or 55 cents per share, in the same period a year ago.
The company's quarterly net sales grew to $405.3 million from $403.4 million a year earlier.
The company's quarterly net sales grew to $405.3 million from $403.4 million a year earlier.
WPS to acquire Kaukauna power plant
Wisconsin Public Service Corp. (WPS), a subsidiary of Integrys Energy Group, announced it has agreed to buy Fox Energy Company LLC. The $440 million purchase includes $390 million for the Fox Energy Center, a 593-megawatt combined cycle generating facility in Kaukauna, and $50 million for the early termination of the existing tolling agreement between the entities.
Generac revises outlook with soaring sales
Generac Holdings Inc., a Waukesha-based designer and manufacturer of generators and other engine powered products, announced it expects strong financial results for the third quarter of 2012, and as a result is raising its outlook for full-year 2012.
- Advertisement -
New hires and promotions
Jeff Jarecki has been hired as vice president-senior commercial lender at Layton State Bank in West Allis. He has...
WWBIC to feature microfinance at luncheon
The Wisconsin Women’s Business Initiative Corporation will feature six keynote speakers at its annual luncheon on November 5 to celebrate its 25th anniversary.
Miller Compressing sold following OSHA violations
St. Louis-based leading national scrap metal processor Alter Trading Corp. has purchased Miller Compressing Company.
East Pointe Marketplace is listed for sale
East Pointe Marketplace, a 57,888-square-foot shopping center in downtown Milwaukee, is for sale, according to Chicago-based commercial real estate firm Holliday Fenoglio Fowler LP, which says it has been hired to market the property for the sellers, a joint venture of Northwestern Mutual Life Insurance Co. and Mandel Group Inc.