Economic Development
Community banks receive fed funds for small business lending
The U.S. Department of the Treasury announced that five additional Wisconsin community banks received a total of $31.9 million as part of the final wave of funding provided through the Small Business Lending Fund (SBLF).
Large banks to charge monthly fees for debit cards
Bank of America Corp. is planning to charge millions of customers a $5 monthly fee to use their debit cards, and other large banks are expected to follow suit.
New Jersey firm completes acquisition of Diversey Holdings
Sealed Air Corp. of Elmwood Park, N.J., announced it has completed its previously announced acquisition of Sturtevant-based Diversey Holdings Inc., a leading solutions provider to the global cleaning and sanitation market.
Marquette College of Engineering receives $5 million gift
An alumni couple has donated $5 million to the Marquette University College of Engineering to establish an endowed chair in electrical engineering, Opus Dean of Engineering Robert Bishop announced.
Wells Fargo to lay off 31
Wells Fargo & Company informed the Wisconsin Department of Workforce Development last week it will permanently eliminate 31 employees at its 100 E. Wisconsin Ave. location in Milwaukee.
Defense investment group to benefit Wisconsin Technology Council
The Wisconsin Technology Council has announced a partnership with Monument Capital Group LLC of Washington, D.C.
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Marcus Corp. to webcast annual meeting
The Marcus Corp. announced it will webcast its 2011 annual meeting of shareholders live from Milwaukee on Tuesday, Oct. 11.
Better Business Bureau warns of timeshare reseller scam
The Better Business Bureau is warning timeshare owners who are trying to sell or rent their timeshares to beware of a Las Vegas-based company, City Resorts, after two Wisconsin residents lost almost $3,500 in an alleged scam.
Great Lakes Friction owners acquire assets of Indiana firm
Chris and Joey Butzen, the owners of Milwaukee based Great Lakes Friction Products, have purchased the assets of Carlisle Industrial Brake & Friction Inc., which had closed its doors in Logansport, Ind., late in 2010.
SABMiller to finally acquire Foster’s
SABMiller Plc, the London-based parent company of MillerCoors, confirmed it will acquire Foster’s Group Ltd. with a sweetened offer of $9.9 billion for Australia’s biggest brewer.
