Ideas
MMAC survey predicts modest growth
Milwaukee-area businesses expressed mixed results regarding economic prospects for 2013's third quarter, according to the latest Business Outlook Survey conducted by the Metropolitan Milwaukee Association of Commerce (MMAC). Expectations towards third quarter sales and profits improved over previous quarters while employment optimism fell slightly from second-quarter levels.
Investment strategist expects continued modest growth
Jim McDonald, senior vice president and chief investment strategist at Northern Trust Bank, is forecasting modest, steady growth for the U.S. economy in the second half of 2013.
The Joyless Recovery
The U.S. stock market is building on record highs, the housing and automotive markets continue to recover, the banking industry has stabilized, gross domestic product continues to grow, the unemployment rate is falling and new jobs are being added every month.
Mount Mary celebrates 100 years with name change
Mount Mary College, located in Milwaukee, officially became Mount Mary University on July 1, which marked a new fiscal year at the institution.
Concordia University Wisconsin acquires Ann Arbor institution
Concordia University Wisconsin, based in Mequon, has acquired Concordia University Ann Arbor after financial struggles at the Michigan-based university threatened the future of its academic offerings.
Fed to ease up on QE
The Federal Reserve last week indicated it will begin tapering its bond purchasing and quantitative easing policies, which had a distinct impact on the markets, according to the U.S. Bank The Private Client Reserve Market & Economic Update.
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Baird promotes investment bankers
Milwaukee-based Robert W. Baird & Co. Inc. announced that two of its veteran bankers, Brian Doyal and Brian McDonagh, will assume the position of co-head of Global Investment Banking, effective Jan. 1, 2014.
Advanced Disposal acquires Sheboygan firm
Advanced Disposal, an integrated environmental services company, has completed the acquisition of Sheboygan Waste Materials Co., further expanding the company's eastern Wisconsin footprint.
UMB plans office move to Schlitz Park
UMB Fund Services Inc. plans to move its office from 803 W. Michigan St. on the west side of downtown Milwaukee about 1.5 miles northeast to the Schlitz Park office complex on the north side of downtown Milwaukee.
Mobile Medical Specialists acquires VMD
Pewaukee-based Mobile Medical Specialists (MMS) has acquired Visiting Medical Doctors (VMD), which has offices in Milwaukee and Waukesha.
