Economic Development

Milwaukee-based Strattec Security Corp. reported fiscal fourth quarter net income of $3.2 million, or 97 cents per share, up from $2.7 million, or 81 cents per share, in the same period a year ago.

Menomonee Falls-based Magnetek Inc. reported second quarter net income of $3.2 million, or 99 cents per share, up from $1.2 million, or 37 cents per share, in the same period a year ago.

Milwaukee-based Briggs & Stratton Corp. reported a fiscal fourth quarter net loss of $8.4 million, or 18 cents per share, which was an improvement over a net loss of $17.8 million, or 36 cents per share, in the same period a year ago.

Kohl's Corp. reported second quarter net income of $240 million, or $1.00 per share, down from $299 million, or $1.08 per share, in the same period a year ago.

New Berlin-based International Monetary Systems Ltd. reported second quarter net income of $98,647, up from $77,196 in the same period a year ago.

Milwaukee-based Rockwell Automation Inc. announced it has agreed to purchase the assets of the medium voltage drives business of Harbin Jiuzhou Electric Co. Ltd. of China for $83 million.

Today, the Commerce Department reported the deficit on international trade in goods and services was $42.9 billion in June.

Heartland Financial USA has announced Wisconsin Bank & Trust will acquire First Shares Inc., the parent company of First National Bank in Platteville, for $11 million.

Some big thinkers, looking for big answers for the troubles afflicting the Milwaukee economy, keep looking south to Chicago.

Jack Nelson has been hired as senior vice president- financial advisor sales manager at Johnson Financial Group. He has...