Ideas

Minneapolis-based U.S. Bancorp, which operates U.S. Bank branches in Wisconsin, reported record third quarter net income of $1.4 billion, or 74 cents per share, up from $1.3 billion, or 64 cents per share, in the same period a year ago.

Johnson Controls Inc. has released details of the restructuring activities it has planned for the fourth quarter.

Chicago-based Northern Trust Corp., which operates a Northern Trust Bank branch in downtown Milwaukee, reported third quarter net income of $178.8 million, or 73 cents per share, up from $170.4 million, or 70 cents per share, in the same period a year ago.

Associated Bank, a division of Associated Banc-Corp, announced it will close 12 retail branches in Wisconsin and Illinois to enhance efficiency in its branch network.

Milwaukee-based Badger Meter Inc. reported increased sales, earnings and earnings per share for the third quarter.

Water technology company A. O. Smith Corp. reported third quarter net income of $37.0 million, or 79 cents per share, down from $182.3 million, or $3.91 per share, in the same period a year ago.

Snap-on Inc. reported third quarter net earnings of $74.1 million, or $1.26 per share, up from $67.8 million, or $1.16 per share, in the same period a year ago.

Newsweek, which is printed by Sussex-based Quad/Graphics Inc., will become an online-only publication next year, ending 80 years as a printed magazine.

Drought conditions that resulted in lower lawn mower sales prompted Briggs & Stratton Corp. to report a fiscal first quarter net loss of $13.2 million, excluding additional restructuring charges.

The southeastern Wisconsin industrial real estate market is in better shape than it has been in years, according to data from the latest Xceligent and Commercial Association of Realtors Wisconsin (CARW) market report.