Banking & Finance

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.

The JPMorgan Chase Foundation has awarded $50,000 to Food and Beverage Wisconsin's FaBcap food finance and business accelerator.

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.

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.

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.