Banking & Finance

Wauwatosa-based Waterstone Financial Inc. reported second quarter net income of $3.8 million, or 11 cents per share, down from $4.9 million, or 14 cents per share, in the second quarter of 2013.

Hartland-based RC Insurance Services Inc. and Hartland-based Group Health Planning Inc. have merged, effective Aug. 1.

Vesta, a Franklin-based contract manufacturer for the global medical device industry, has been acquired by Wickliffe, Ohio-based The Lubrizol Corp., a Berkshire Hathaway company.

Waukesha-based Generac Holdings Inc. reported second quarter net income of $54 million, or 77 cents per share, up from $28.3 million, or 40 cents per share, in the second quarter of 2013.

Racine-based Modine Manufacturing Co. reported fiscal 2015 first quarter net earnings of $13.7 million, or 28 cents per share, up from $10 million, or 21 cents per share, in the first quarter of 2014.

Milwaukee-based Rockwell Automation Inc. reported fiscal third quarter net income of $199.7 million, or $1.43 per share, down from $203.7 million, or $1.45 per share, in the same period a year ago.

Oak Creek-based Master Lock Co. LLC has acquired Sentry Safe, a personal safe and protective security container manufacturer, for $117.5 million.

Milwaukee-based Sensient Technologies Corp. today announced that Dick Hobbs, senior vice president and chief financial officer, will retire in February 2015. He will be replaced by Stephen Rolfs, who currently serves as senior vice president, administration.

There are plenty of underlying factors in the breakup and merger of Journal Communications that won't make its news reports.

Two suburban YMCA organizations on Thursday submitted formal offers in federal bankruptcy court to purchase four YMCA centers from the YMCA of Metropolitan Milwaukee. The offers include agreements to honor the terms of all existing membership contracts and retain substantially all existing employees.