Economic Development

St. Louis-based leading national scrap metal processor Alter Trading Corp. has purchased Miller Compressing Company.

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.

U-Haul Company of Eastern Wisconsin announced it has expanded the U-Haul network of self-storage locations with its purchase of an existing Wisconsin storage facility located in Oak Creek at 611 W. Puetz Road.

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.

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 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.

The electronics that are installed in a car or truck have cables that need to be fastened to the undercarriage. Data centers, being built in ever-growing numbers, need wire and cable bundling and enclosures.

As the economic and political situations seem to become more uncertain, Wisconsin companies are wondering about the near-term outlook.

The University of Michigan-Thomson Reuters Consumer Confidence Index rose in September to 78.3, its highest level since May.

“The South Shore Option 2.0” will be the theme of a public form to promote economic development on the south side of Milwaukee County tonight.