Economic Development

State adds jobs, but unemployment rate rises

Wisconsin added 900 private sector jobs in May, but the state’s unemployment rate rose to 6.8 percent from 6.7 percent in April, according to the latest report of seasonally adjusted data released today by the Wisconsin Department of Workforce Development.

Milwaukee leads nation in employment outlook

Metropolitan Milwaukee is the top-ranked metro market in the nation for hiring prospects in the next three months, according to the latest Manpower Employment Outlook Survey released today.

Johnson Bank expands team

Racine-based Johnson Bank has hired and promoted several employees.

Schenck president receives WICPA award

William D. Goodman, CPA, president of Schenck SC in Brookfield, has received a Distinguished Career Award from the Wisconsin Institute of Certified Public Accountants.

MMAC economic indicators perk up

Modest gains were posted in metro area economic indicators for April as 12 of 23 monthly indicators tracked by the Metropolitan Milwaukee Association of Commerce (MMAC) improved from year-ago levels.

Rockwell approves $1 billion for common stock repurchase

The board of directors of Milwaukee-based Rockwell Automation Inc. authorized the company to expend up to an additional $1 billion to repurchase shares of the company's common stock.
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Baird affiliate acquires Fond du Lac firm

Baird Capital Partners (BCP), the U.S.-based buyout fund of Baird Private Equity, announced that its portfolio company American Auto Auction Group LLC (AAAG) has acquired Badger State Auto Auctions Inc.

Stock market continues recovery

The U.S. stock market continued to recover ground today, as Federal Reserve Chairman Ben Bernanke told the Joint Economic Committee of Congress that the Fed stands ready to act to protect the financial system and the economy in the event that financial stresses from the European crisis escalate.

MMAC economic indicators perk up

Modest gains were posted in metro area economic indicators for April as 12 of 23 monthly indicators tracked by the Metropolitan Milwaukee Association of Commerce (MMAC) improved from year-ago levels.

Modine to acquire Canadian manufacturer

Racine-based Modine Manufacturing Company, a diversified global leader in thermal management technology and solutions, has signed a definitive asset purchase agreement to acquire privately held Geofinity Manufacturing of Surrey, British Columbia.

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