Ideas
Jockey names Norfleet president
Kenosha-based Jockey International Inc. announced the appointment of Byron Norfleet as president and chief operating officer.
UWM groundbreaking for $75 million campus building
The University of Wisconsin-Milwaukee (UWM) hosted a groundbreaking ceremony Wednesday to celebrate the start of construction for the 93,000-square-foot, $75 million Kenwood Interdisciplinary Research Complex.
MMAC appoints new board members
The members of the Metropolitan Milwaukee Association of Commerce (MMAC) elected six new directors to its board at the 151st annual membership meeting this week.
Packers fund playground at Smith Park
A new playground was installed at Milwaukee’s Smith Park Tuesday, thanks to a team effort among the Milwaukee County Parks, United Way, the Green Bay Packers and the NFL.
Ease the regulatory burden on community banks
Editor’s note: Congresswoman Gwen Moore (D-Milwaukee) submitted a letter to U.S. banking regulators on behalf of a bipartisan coalition of members of Congress from the Wisconsin delegation asking regulators to consider a scaled approach to the implementation of Basel III banking regulations for small and community banks. Moore’s letter received the support of U.S. Reps. Sean Duffy, Ron Kind, Tom Petri, Reid Ribble and Jim Sensenbrenner. The letter was sent Federal Reserve System Chairman Ben Bernanke, Federal Deposit Insurance Corp. Acting Chairman Marin Gruenberg and Office of the Comptroller of the Currency Tom Curry. The letter reads as follows:
Johnson Controls to acquire assets of bankrupt company
Glendale-based Johnson Controls Inc. has entered into an agreement to purchase the automotive business assets of A123 Systems Inc., a Waltham, Mass., company that has filed for bankruptcy protection.
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Seek Careers acquires Minnesota firm
Grafton-based Seek Careers/Staffing Inc. has acquired Minnesota-based Brigham Group Staffing.
U.S. Bank caps record quarter
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.
Net income rises at Northern Trust
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 to close 12 branches
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.
