Economic Development

Johnson Controls caps record quarter

Johnson Controls Inc. reported record fiscal fourth quarter net income of $538 million, or 78 cents per share, up from $449 million, or 66 cents per share, in the same period a year ago.

First Business Bank reports strong quarter

First Business Financial Services Inc., the Madison-based parent company of First Business Bank-Milwaukee, reported third quarter net income of $2.2 million, or 83 cents per share, up from $969,000, or 38 cents per share, for the third quarter of 2010.

Financial resources

Financial resources

Bank Mutual pursues aggressive growth

Bank Mutual has added three new employees, including a recently created leadership position.

GDP, exports grew in third quarter

U.S. gross domestic product for the July-through-September period expanded 2.5 percent, nearly double the 1.3 percent rate of growth in the second quarter and much faster than the first quarter’s tepid increase of 0.4 percent.

Lightning Pick Technologies acquired by Pittsburgh company

Germantown-based Lightning Pick Technologies was recently acquired by Matthews International Corporation, a Pittsburgh memorials and graphics imaging manufacturer.
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Financial resources

Financial resources

New hires and promotions

New hires and promotions

Harley is riding high

Harley-Davidson Inc.’s remarkable recovery continued in the third quarter, as the Milwaukee-based company’s net income grew to $183.6 million, or 78 cents per share, from $88.8 million, or 38 cents per share, in the same period a year ago.

Northern Trust beats analysts’ expectations

Chicago-based Northern Trust Corp., which has an office in downtown Milwaukee, reported third quarter net income of $170 million, or 70 cents a share, up from $155.6 million, or 64 cents, in the same period a year ago.

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