Banking & Finance
Stay informed on the latest banking, finance, and investment news across Milwaukee and Wisconsin.
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.
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.
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.
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.
Bronfman E.L. Rothschild acquires Maryland wealth management firm
Bronfman E.L. Rothschild LP has acquired Rockville, Md.-based Highline Wealth Management LLC.
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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.
