Banking & Finance
Kohl’s profit slides on weak sales
Menomonee Falls-based Kohl's Corp. today reported second quarter net income of $130 million, or 66 cents per share, down from $232 million, or $1.13 per share, in the second quarter of 2014.
Bronfman E.L. Rothschild acquires Maryland wealth management firm
Bronfman E.L. Rothschild LP has acquired Rockville, Md.-based Highline Wealth Management LLC.
BrightStar announces five new investment commitments
Milwaukee-based BrightStar Wisconsin Foundation Inc. today announced that it has made $50,000 seed round investments in two new Madison- based companies, AltusMedical Group Inc., and GrocerKey Inc.
MADISON – First Business Bank to hold stock split
First Business Bank's parent company says it will hold a two-for-one stock split.
Rep. Ryan: Bring home U.S. dollars to build roads
As Rep. Paul Ryan (R-Wis.) and his fellow budgeteers in Congress try to rustle up funds for road construction, they could be looking at a windfall in taxes on $2 trillion parked overseas by U.S. corporations.
Consolidation of Power: Wisconsin Energy’s Integrys acquisition creates massive utility firm
With six utilities serving 4.4 million electric and natural gas customers in four states, Milwaukee-based WEC Energy Group is now one of the largest utilities – and one of the largest corporations – in the country.
The company was formed through Milwaukee-based Wisconsin Energy Corp.'s recent $9 billion acquisition of Chicago-based Integrys Energy Group. It was the largest non-bank acquisition ever made by a Wisconsin company.
The Integrys acquisition will likely bring more jobs to the Milwaukee area and should slow the growth of utility rates for Wisconsin energy consumers.
But the yearlong process of gathering OKs from both companies' shareholders, as well as federal and state regulators, was only the beginning. WEC is in the process of integrating two massive corporations and setting the course for its future, even as energy demand has plateaued and aging infrastructure demands to be replaced.
The company was formed through Milwaukee-based Wisconsin Energy Corp.'s recent $9 billion acquisition of Chicago-based Integrys Energy Group. It was the largest non-bank acquisition ever made by a Wisconsin company.
The Integrys acquisition will likely bring more jobs to the Milwaukee area and should slow the growth of utility rates for Wisconsin energy consumers.
But the yearlong process of gathering OKs from both companies' shareholders, as well as federal and state regulators, was only the beginning. WEC is in the process of integrating two massive corporations and setting the course for its future, even as energy demand has plateaued and aging infrastructure demands to be replaced.
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Biz Notes
Aurora St. Luke’s Medical CenterAurora St. Luke’s Medical Center in Milwaukee has been ranked the top hospital in the...
Business owners: preparing for life after you sell
Entrepreneurs who poured their hearts and souls into their businesses eventually find themselves near retirement, realizing they should sell before health problems or other matters force the issue. Although many are well-prepared for the sale itself, few are ready for the next step: managing a large sum of money from the proceeds. Most don't want to “jinx” the deal before it's final or are still are too busy running the business. But the reality is, this will be one of the owner's most critical – and emotional – business decisions.
Daniel Buehrle
Daniel BuehrleRegional managing director, Principal Financial Group10200 Innovation Drive, Suite 800, Wauwatosawww.principal.com/wisconsin Industry: Employee benefits and asset managementEmployees: 125...
Johnson Controls to spin off Automotive Experience division
Glendale-based Johnson Controls Inc. recently announced it plans to spin off its Automotive Experience business to create a separate company.
The tax-free split would form a new publicly traded company, and is expected to be finished in about a year. Johnson Controls did not say where the new company will be based.
The tax-free split would form a new publicly traded company, and is expected to be finished in about a year. Johnson Controls did not say where the new company will be based.
