Economic Development

Money events

Ameriprise Financial will host “Essential Ingredients for Long-Term Investing – The Recipe for a New Diversified Portfolio,” on Wednesday,...

Carnell Insurance opens second office

Brookfield-based Carnell Insurance Agency has opened a second location in Hartland.
The new branch is at 145 North Ave., Suite G. The Brookfield location is at 2065 N. 124th St.

Bank Mutual changes name of wealth management arm

Brown Deer-based Bank Mutual has changed the name of its wealth management subsidiary, BancMutual Financial & Insurance Services Inc., to Mutual Financial Group.

BrightStar invests in two new companies, names Hall to board

The BrightStar Wisconsin Foundation Inc. today announced it will invest in two new early stage companies.

Wisconsin banks report higher profit, increased lending in Q1

Wisconsin's financial institutions reported net income of $259 million in the first quarter, up from $226 million in the first quarter of 2014, according to the Quarterly Banking Profile released last week by the Federal Deposit Insurance Corp.

Briggs & Stratton acquires turf equipment manufacturer

Wauwatosa-based outdoor power equipment manufacturer Briggs & Stratton Corp. has acquired all the outstanding shares of Billy Goat Industries Inc., a manufacturer of specialty turf equipment, for about $26 million in cash.
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Facility consolidations ding Brady Corp.

Milwaukee-based Brady Corp. reported fiscal third quarter net income of $17.2 million, or 33 cents per share, down from $24.1 million, or 39 cents per share, in the third quarter of 2014.

New Jersey company acquires Advanced Waste Services

Covanta, the world's largest owner and operator of energy-from-waste facilities, has acquired West Allis-based Milwaukee-based Advanced Waste Services Inc.

Bon-Ton widens loss

The Bon-Ton Stores Inc., which has dual headquarters in Milwaukee and York, Pa., reported a fiscal first quarter net loss of $34.1 million, or $1.74 per share, compared with a net loss of $31.5 million, or $1.63 per share, in the first quarter of 2014.

Gustave A. Larson acquires Indiana distributor

Pewaukee-based Gustave A. Larson Co. has acquired Indianapolis-based Superior Distribution Inc. The transaction was completed Feb. 1.

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