Banking & Finance

Milwaukee-based grocery store operator Roundy’s Inc. today reported a fiscal first quarter net loss of $4.5 million, or 12 cents lost per share, compared with a net loss of $2.3 million, or 1 cent lost per share, in the first quarter of 2014.

Menomonee Falls-based Kohl’s Corp. today reported first quarter net income of $127 million, or 63 cents per share, up from $125 million, or 60 cents per share, in the first quarter of 2014.

Michael Elton has been promoted to president and chief operating officer of Advantage+, a Brookfield-based, privately owned, nationwide direct lender to businesses.

Milwaukee-based independent valuation firm Valuation Research Corp. has been named Valuation Firm of the Year by industry peers in the International M&A Awards for the fourth year in a row.

Waukesha-based Telkonet Inc. today reported a first quarter net loss of $744,078, compared with $778,208 in the first quarter of 2014.

Mircea Dobre, vice president of equity research at Milwaukee-based Robert W. Baird & Co. Inc., says the worst may be over for the mining sector.

Brown Deer-based Bank Mutual Corp. will close 10 percent of its branch network on May 16.

When the Wisconsin Economic Development Corporation was established in July 2011, its primary mission was clear: Respond quickly to the needs of the business community by working hand-in-hand with companies, economic development organizations and other partners to help grow Wisconsin's economy and create jobs.

Thanks to a financial gift Associated Bank has bestowed upon the Marcus Center for the Performing Arts, the bank has been named the lead corporate sponsor of the cultural venue.

Oconomowoc-based First Bank Financial Centre has launched a loan pool program to encourage economic development in downtown Milwaukee.