Viewpoints

Tenants of City Hall Square, a two-building 135-unit apartment complex in downtown Milwaukee, were notified recently that the property will be sold by Housing Horizons LLC, a subsidiary of Kimberly-Clark Corp., to a new ownership group that includes City Hall Square Properties LLC.

Koss Corp. reported fiscal fourth quarter net income of $931,891, or 13 cents per share, down from $1.8 million, or 24 cents per share, a year ago.

Cincinnati-based Pro Mach Inc. announced it has acquired Federal Manufacturing Co. of Milwaukee.

Milwaukee-based Northwestern Mutual Insurance Co. Inc., a leading provider of financial security planning and solutions, announced that sales of its risk products are up substantially year-to-date.

In its last forecast before the November elections, the nonpartisan Congressional Budget Office (CBO) predicted that the U.S. economy would experience a recession in 2013 if Congress decides to go off “the fiscal cliff” and allows scheduled tax increases and spending cuts to take effect in January.

BMO Financial Group announced a financial relief program to assist customers affected by dry conditions throughout much of North America, including Wisconsin.

Milwaukee M&A advisory firm Cleary Gull has completed the sale of Hi-Tech Manufacturing LLC to May River Capital LLC.

The Federal Reserve Bank of Chicago’s Midwest Economy Index declined in July to -0.10, down from +0.22 in June. This is the first time in nine months the index, which indicates Midwest growth, has dipped to below average.

Glendale-based Johnson Controls Inc. has signed an agreement to provide advanced Lithium-Ion battery packs for hybrid vehicles to Boston-based XL Hybrids Inc., developer of a low-cost hybrid electric powertrain designed for commercial fleet use.