Economic Development

Joy Global Inc. reported third quarter net income of $193.6 million, or $1.81 per share, up from $173.1 million, or $1.62 per share, in the same period a year ago.

Mary Kay Merkt has been named senior vice president, director of vendor management and procurement at Johnson Financial Group...

The construction and homebuilding industry has not recovered much since the Great Recession, with housing starts at around 15 to 20 percent of what they were in 2006.

Scott Haen has been hired as assistant vice president-branch manager at Johnson Bank’s downtown and Whitefish Bay offices. He...

Koss Corp. reported fiscal fourth quarter net income of $931,891, or 13 cents per share, down from $1.8 million, or 24 cents per share, a year ago.

Cincinnati-based Pro Mach Inc. announced it has acquired Federal Manufacturing Co. of Milwaukee.

Milwaukee-based Northwestern Mutual Insurance Co. Inc., a leading provider of financial security planning and solutions, announced that sales of its risk products are up substantially year-to-date.

In its last forecast before the November elections, the nonpartisan Congressional Budget Office (CBO) predicted that the U.S. economy would experience a recession in 2013 if Congress decides to go off “the fiscal cliff” and allows scheduled tax increases and spending cuts to take effect in January.

BMO Financial Group announced a financial relief program to assist customers affected by dry conditions throughout much of North America, including Wisconsin.

Milwaukee M&A advisory firm Cleary Gull has completed the sale of Hi-Tech Manufacturing LLC to May River Capital LLC.