Economic Development
North Carolina firm acquires Midwest Alchemist
Swisher Hygiene Inc. a Charlotte, N.C.-based provider of essential hygiene and sanitation products and services, announced it has acquired the assets and certain liabilities of LTD of Wisconsin Inc., which does business as Midwest Alchemist in Brown Deer.
Ohio staffing company acquires Eagle Technology Group
The Reserves Network, a Fairview Park, Ohio-based staffing service for the office, industrial, professional and technical markets, has acquired Eagle Technology Group of Milwaukee.
National poverty rate rises again
The nation's official poverty rate in 2010 was 15.1 percent, up from 14.3 percent in 2009 and the highest since 1993, the U.S. Census Bureau reported.
Northern Trust plans job cuts
Chicago-based Northern Trust Corp. will unveil early next year the details of cost-cutting plan that is likely to includes significant layoffs, according to a report by Crain’s Chicago Business.
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Strong summer theater slate propels Marcus Corp.
Buoyed by a record performance from its Marcus Theatres division, Milwaukee-based Marcus Corp. reported fiscal first quarter net earnings of $12.5 million, or 42 cents per share, up 24.5 percent from net earnings of $10.0 million, or 34 cents per share, in the same period a year ago.
New York firm acquires IGC Technologies
New York-based Prince Minerals Inc. has acquired IGC Technologies LLC of Milwaukee for an undisclosed amount.
Feds approve Wisconsin request for stimulus for small businesses
Wisconsin Gov. Scott Walker announced that the U.S. Treasury Department has approved Wisconsin’s application to participate in the State Small Business Credit Initiative (SSBCI), which was created by President Barack Obama’s first rounds of economic stimulus.
U.S. Bank to lay off 35
U.S. Bancorp announced Monday it plans to restructure its operations at 777 E. Wisconsin Ave and eliminate 35 employees in the process.
