Ideas
Glenn Rieder acquires San Diego company
Milwaukee-based Glenn Rieder Inc. announced that it has acquired San Diego-based Quality Cabinet and Fixture Company and its majority owned subsidiary, Quality Cabinets de Mexico S. de R.L. de C.V.
Roadrunner acquires Omaha trucking companies
Cudahy logistics provider Roadrunner Transportation Systems Inc. has acquired R&M Transportation and Sortino Transportation for $24.4 million.
Bank Mutual announces cash dividend
Milwaukee-based Bank Mutual Corp. has declared a quarterly cash dividend of $0.01 per share to be paid out on August 31 to shareholders of record as of August 17.
Wisconsin Bank & Trust to merge with First National
Heartland Financial USA has announced Wisconsin Bank & Trust will acquire First Shares Inc., the parent company of First National Bank in Platteville, for $11 million.
Chicago can’t be Milwaukee’s savior
Some big thinkers, looking for big answers for the troubles afflicting the Milwaukee economy, keep looking south to Chicago.
BizTimes Money Weekly: Local schools receive financial literacy grants
The Governor’s Council on Financial Literacy has awarded $250,000 in financial literacy grants to 24 school districts around the state, including three in the Milwaukee area.
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New hires and promotions
Jack Nelson has been hired as senior vice president- financial advisor sales manager at Johnson Financial Group. He has...
Harley second quarter profit revs up 30%
Milwaukee-based Harley-Davidson Inc. reported that its second quarter profit of $247.25 million, up 29.7 percent from its 2011 second quarter profit of $190.58 million. Diluted earnings per share were $1.07, up 32 percent from 81 cents in the 2011 second quarter.
Green Bay company acquires division of Georgia-Pacific
Green Bay-based Tosca Limited, a provider of reusable container pooling and logistics services to the food supply chain, announced it has acquired the reusable plastic container division of Georgia-Pacific LLC.
Fiserv’s second quarter profits up 79%
Brookfield-based Fiserv Inc. has a banner second quarter with a 79 percent increase in net income to $161 million, or $1.17 dilutes earnings per share.