Economic Development

Wisconsin credit unions are thriving

Wisconsin credit unions grew net income by 83 percent in the first six months of 2012, compared with the same period last year, according to data compiled by the Wisconsin Department of Financial Institutions (DFI).

BMO Harris Equipment Finance expands to Houston

Milwaukee-based BMO Harris Equipment Finance Co. announced it has hired Jennifer Stamps to expand the company's equipment finance footprint to Houston, Texas.

Journal Communications buys back Class C stock shares

Milwaukee-based Journal Communications Inc. has acquired all of the 3.3 million outstanding shares of its Class C common stock (4.5 million shares on a Class A-equivalent basis), all of which were owned by members and successors of the Grant Family.

Roadrunner acquires Kenosha trucking company

Roadrunner Transportation Systems Inc. announced it has acquired all of the outstanding stock of Expedited Freight Systems Inc., a regional overnight less-than-truckload (LTL) provider based in Kenosha, for approximately $10 million plus an earnout over four years.

Funjet acquires TNT Vacations

Milwaukee-based travel agency Funjet Vacations has acquired Boston-based travel agency TNT Vacations.

Trade deficit stifles growth

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

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

Harley second quarter profit revs up 30%

Milwaukee-based Harley-Davidson Inc. reported that its second quarter profit of $247.25 million, up 29.7 percent from its 2011 second quarter profit of $190.58 million. Diluted earnings per share were $1.07, up 32 percent from 81 cents in the 2011 second quarter.

Green Bay company acquires division of Georgia-Pacific

Green Bay-based Tosca Limited, a provider of reusable container pooling and logistics services to the food supply chain, announced it has acquired the reusable plastic container division of Georgia-Pacific LLC.

Fiserv’s second quarter profits up 79%

Brookfield-based Fiserv Inc. has a banner second quarter with a 79 percent increase in net income to $161 million, or $1.17 dilutes earnings per share.

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