Ideas

Failure was never an option for Davis

“Hard work. Dedication. And the mindset that failure is not an option.”

That is how former Green Bay Packer great Willie Davis answered a question about the secrets behind his post-football career as a successful executive in the beer distributing and radio businesses.

Rockwell acquires Chinese manufacturer

Milwaukee-based Rockwell Automation Inc. announced it has completed the acquisition of the medium voltage drives business of Harbin Jiuzhou Electric Co. Ltd.

Richfield surveying companies merge

Continental Surveying Services LLC has acquired Elder Engineering in a transaction that merges the two Richfield-based companies.

Quad/Graphics makes bid to acquire bankrupt Maryland company

Sussex-based Quad/Graphics Inc. has signed an agreement to acquire substantially all of the assets of Vertis Holdings Inc., a Baltimore, Md.-based company that has filed for bankruptcy, for $258.5 million.

PNC Bank’s net income grows

The PNC Financial Services Group Inc., the Pittsburgh-based parent company of PNC Bank, which has branches in the Milwaukee market, today reported third quarter net income of $925 million, or $1.64 per share, up from $834 million, or $1.55 per share, for the same period a year ago.

Icahn to make unsolicited takeover bid for Oshkosh Corp.

Billionaire investor Carl Icahn announced he plans to make an unsolicited takeover bid to acquire Oshkosh Corp. for almost $3 billion.
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BizStarts Milwaukee receives federal grant extension

BizStarts Milwaukee has received a grant extension for $718,000 from the U.S. Economic Development Administration to help grow start-up companies in the M-7 region.

Small business lending up at Wisconsin banks

Wisconsin banks that have received capital from the federal Small Business Lending Fund have increased small business lending by $109.2 million over their baselines, according to the U.S. Department of the Treasury.

State to put $108M in rainy day fund

The Wisconsin Department of Administration announced Monday it will deposit $108.7 million in the state’s rainy day fund, the largest amount ever allotted to the fund. The deposit will bring the fund balance to $125.4 million.

Let’s find some bipartisan agreement on regulations

As we settle in for the second presidential debate this week, it’s worth revisiting an important point that Mitt Romney made in the first debate two weeks ago. Whether you are a fan or a foe of his, one thing he did touch on was his views on regulation: “Regulation is essential. You can’t have a free market without regulation. At the same time, regulation can become excessive; it can become out of date.”

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