Economic Development

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 & 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.

The Wisconsin Technology Council has announced a partnership with Monument Capital Group LLC of Washington, D.C.

The Marcus Corp. announced it will webcast its 2011 annual meeting of shareholders live from Milwaukee on Tuesday, Oct. 11.

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.

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 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.

The Milwaukee Water Council was awarded a $500,000 grant from the U.S. Department of Commerce through the Economic Development Administration’s Jobs and Innovation Accelerator Challenge.

Financial resources

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.