Banking & Finance
Koss turns a profit
Milwaukee-based headphone manufacturer Koss Corp. has reported fiscal fourth quarter net income of $354,800, or 5 cents per share, compared with a net loss of $1.5 million, or 29 cents lost per share, in the fourth quarter of 2014.
Bon-Ton’s loss widens in Q2
Milwaukee-based The Bon-Ton Stores Inc. today reported a second quarter net loss of $39.6 million, or $2.01 lost per share, compared with a net loss of $36.2 million, or $1.86 lost per share, in the second quarter of 2014.
Inlanta Mortgage hires 70 to meet increased demand
Brookfield-based Inlanta Mortgage has hired 70 new employees this year to keep up with mortgage loan demand as the housing market heats up.
Bright Cellars raises $1.8 million
Milwaukee-based startup Bright Cellars Inc. has raised $1.8 million of $2 million a funding round, according to a recent SEC filing.
Rent College Pads raises $500,000
Milwaukee startup Rent College Pads Inc. has raised $500,000 in its first funding round, according to an SEC filing.
Kraft’s new company makes bid to buy First Edge Solutions out of receivership
Milwaukee-based First Edge Solutions may be purchased out of chapter 128 receivership by an affiliate of World Marketing Inc., which has submitted a bid to buy the assets of the company.
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FaBcap receives JPMorgan Chase grant
The JPMorgan Chase Foundation has awarded $50,000 to Food and Beverage Wisconsin's FaBcap food finance and business accelerator.
Briggs & Stratton reports higher profit on improved conditions, acquisitions
Wauwatosa-based Briggs & Stratton Corp. announced fiscal fourth quarter net income of $20.1 million, or 45 cents per share, up from $7.8 million, or 17 cents per share, in the fourth quarter of 2014.
Telkonet reports record results
Waukesha-based Telkonet Inc. today reported second quarter net income of $523,511 or 0 cents per share, up from $219,085, or 0 cents per share, in the second quarter of 2014.
Roundy’s narrows loss in Q2
Milwaukee-based Roundy's Inc. has reported a second quarter net loss of $1.5 million, or 3 cents per share, compared with a net loss of $27.7 million, or 10 cents per share, in the second quarter of 2014.