Banking & Finance
Stay informed on the latest banking, finance, and investment news across Milwaukee and Wisconsin.
Rexnord reports lower 4Q, full-year profits
Milwaukee-based Rexnord Corp. reported fiscal fourth quarter net income of $32.5 million, or 34 cents per share, down from $39.9 million, or 38 cents per share, in the fourth quarter of 2014.
Bon-Ton widens loss
The Bon-Ton Stores Inc., which has dual headquarters in Milwaukee and York, Pa., today reported a fiscal first quarter net loss of $34.1 million, or $1.74 per share, compared with a net loss of $31.5 million, or $1.63 per share, in the first quarter of 2014.
Facility consolidations ding Brady Corp.
Milwaukee-based Brady Corp. reported fiscal third quarter net income of $17.2 million, or 33 cents per share, down from $24.1 million, or 39 cents per share, in the third quarter of 2014.
Gustave A. Larson acquires Indiana distributor
Pewaukee-based Gustave A. Larson Co. has acquired Indianapolis-based Superior Distribution Inc. The transaction was completed Feb. 1.
Briggs & Stratton acquires turf equipment manufacturer
Wauwatosa-based outdoor power equipment manufacturer Briggs & Stratton Corp. today acquired all the outstanding shares of Billy Goat Industries Inc., a manufacturer of specialty turf equipment, for about $26 million in cash.
Highland Investment Advisors moves to Mequon
Highland Investment Advisors has relocated from Milwaukee to a larger office in Mequon.
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Associated Bank increases female leadership 10 percent in three years
In 2011, 17 percent of the leadership roles at Associated Bank were filled by women. By 2014, that figure had grown to 27 percent, thanks in large part to the founding of the Associated Women’s Network.
ZBB Energy profit down on lower license revenue
Milwaukee-based ZBB Energy Corp. reported a fiscal third quarter net loss of $3.5 million, or 9 cents per share, compared with net income of $8,930, or 0 cents per share, in the third quarter of 2014.
Sentiment improves among Wisconsin small business owners
Wisconsin’s small business owners are feeling better about the economy, according to a new survey from U.S. Bank.
Badger Truck Center acquires New Glarus Motors
Milwaukee-based Badger Truck Center has acquired New Glarus Motors in New Glarus.