Economic Development

SABMiller plc and Molson Coors Brewing Company reported that MillerCoors’ fourth quarter underlying net income increased 32.5 percent to $194.0 million.

Brady Corp., a Milwaukee-based provider of identification solutions, reported a fiscal second quarter net loss of $90.0 million, or $1.72 per share, compared to a net profit of $24.2 million, or 46 cents per share, in the same period a year ago.

Manitowoc-based Orion Energy Systems Inc. announced it has received a notice from NYSE Amex LLC indicating that the company was not in compliance with the stock exchange's continued listing criteria because it did not timely file its third quarter report.

Mergers & acquisitions

M&I, now a part of BMO Financial Group, recently awarded Hunger Task Force with a check for $76, 650.

Baker Tilly Virchow Krause LLP announced it will move its Milwaukee office from the Honey Creek Corporate Center on the city’s west side to the U.S. Bank Center in downtown Milwaukee.

Associated Banc-Corp announced the promotion or hiring of three executives in the Milwaukee area market.

Milwaukee pedicure spa manufacturer European Touch Holding Inc. has been acquired by E Touch Holding Company.

Ashton Group, a Milwaukee-based corporate financial advisory firm with additional offices in Chicago and Los Angeles, has hired Paul Snyder as president.

The U.S. economy is expected to continue strengthening, possibly picking up this spring and summer, according the Conference Board, which said today that its Leading Economic Index (LEI) grew 0.4 percent to 94.9 in January, led by the interest-rate spread and manufacturing hours.