Banking & Finance

Brady narrows loss, names new CFO

Milwaukee-based Brady Corp. today reported a fiscal 2014 net loss of $110.4 million, compared to a loss of $177.3 million in the fourth quarter of 2013.

Mandel Group secures $53 million in financing for North End’s third phase

Milwaukee-based Mandel Group Inc. announced that it has closed on financing for the third phase of its North End developmet in downtown Milwaukee, raising $53 million to develop a six-story mixed use building at the corner of North Water and East Pleasant streets.

Shelter Mortgage acquired by Pennsylvania lender

Brown Deer-based Shelter Mortgage Co. has been acquired by New Penn Financial LLC.

BrightStar to invest in gener8tor graduates

BrightStar Wisconsin Foundation Inc. announced it has partnered with gener8tor to invest in technology-enabled, rapidly scalable early stage companies.

Lasry: Arena financing needs to be partnership

Marc Lasry, co-owner of the Milwaukee Bucks, said the City of Milwaukee will be key to financing a new arena downtown.

Batteries Plus acquires LED Hut

Hartland-based Batteries Plus LLC has acquired Jersey, Channel Islands-based LED Hut Ltd., a leading LED lighting product distributor.
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Money events

The Milwaukee Accounting & Financial Women’s Alliance chapter will host a meeting on Tuesday, Sept. 23, from 5:45 to...

RidgeStone Bank ranked among best-run community banks

Brookfield-based RidgeStone Bank is among the 15 best-run community banks in the country in terms of return on average assets and efficiency ratio, according to an analysis by Raleigh, N.C.-based financial information company Sageworks.

Joy Global continues to struggle amid depressed commodity prices

Milwaukee-based Joy Global Inc. today reported third quarter net income of $71.3 million, or 71 cents per share, down from $183.2 million, or $1.71 per share, in the third quarter of 2013.

Lasry: Arena financing needs to be partnership

Marc Lasry, co-owner of the Milwaukee Bucks, said this morning that the City of Milwaukee will be key to financing a new arena downtown.

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