Banking & Finance

Stamford, Conn.-based Charter Communications will take over 1.4 million existing Time Warner Cable customers, including those in the Milwaukee area, from Philadelphia-based Comcast Corp. in a divesture deal.

Sussex-based Quad/Graphics Inc. has completed its $1.9 billion debt financing, which incorporates refinancing, extending and expanding its $1.6 billion senior secured credit facility and a high-yield offering of $300 million in bonds.

Milwaukee-based UMB Fund Services has been honored as “US Fund Administrator of the Year (Alternative Investments)” by ACQ Magazine.

PNC’s Corporate Banking Group and Schenck S.C. will host “Business and Banking in China” on Wednesday, May 21, from 7 to 9 a.m. at the Crowne Plaza Hotel, 10499 W. Innovation Drive in Wauwatosa.

Milwaukee-based LauberCFOs Inc. has assisted with the launch of a new industry association, the Finance and Accounting Consultants Alliance.

U.S. Bank has become the first large bank in the country to offer Brookfield-based Fiserv Inc.’s person-to-person social payment technology.

Milwaukee-based Rockwell Automation, Inc. today reported fiscal second quarter net income of $180.3 million, or $1.28 per share, up from $175.9 million, or $1.24 per share, in the second quarter of 2013.

Milwaukee-based Journal Communications, Inc. today reported first quarter net earnings of $12.1 million, or 24 cents per share, up from $3.7 million, or 8 cents per share, in the first quarter of 2013.

Racine-based Twin Disc, Inc. today reported a fiscal third quarter net loss of $360,000, or 3 cents per share, compared to a net loss of $608,000, or 7 cents per share, in the third quarter of 2013.

Stamford, Conn.-based Charter Communications will take over 1.4 million existing Time Warner Cable customers, including those in the Milwaukee area, from Philadelphia-based Comcast Corp. in a divesture deal announced today.