Banking & Finance

Lower taxes and proximity to the state's robust manufacturing sector has prompted Oshino Lamps America to relocate its United States office from Long Island, NY to Pewaukee.

Despite a roller-coaster day on the stock market that started with a jaw-dropping 1,000-point drop Monday morning and ended with an overall drop of 588 points, analysts said Wisconsin investors should monitor events closely, but not panic.

Global economic concerns had a big impact on markets this morning, as investor uncertainty contributed to significant declines in the U.S., China, Japan, France, Germany and Middle East markets.

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.

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.

Brookfield-based Inlanta Mortgage has hired 70 new employees this year to keep up with mortgage loan demand as the housing market heats up.

Milwaukee-based startup Bright Cellars Inc. has raised $1.8 million of $2 million a funding round, according to a recent SEC filing.

Milwaukee startup Rent College Pads Inc. has raised $500,000 in its first funding round, according to an SEC filing.

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.