Banking & Finance
Brady Corp. sells Die-Cut business
Milwaukee-based Brady Corp., a world leader in identification solutions, announced it has reached an agreement to sell its Die-Cut business to Boyd Corp. of Modesto, Calif.
Renaissance Power acquires gearbox manufacturer
Milwaukee-based Renaissance Power Systems has acquired Roebuck, S.C.-based Griffin Gear Inc.
Kohl’s Corp. down in quarter, year
Menomonee Falls-based Kohl’s Corp. reported fourth quarter net income of $334 million, or $1.56 per share, down from $378 million, or $1.66 per share, in the same period a year ago.
Vertis acquisition boosts Quad/Graphics
Sussex-based Quad/Graphics Inc. today reported fourth quarter net earnings of $60 million, or $1.24 per share, up significantly from $20.7 million, or 39 cents per share, in the fourth quarter of 2012.
Roundy’s rebounds from 2012 loss
Milwaukee-based Roundy’s Inc. reported fourth quarter net income of $8.7 million, or 19 cents per share, compared to a net loss of $98.4 million, or $2.19 per share, in the fourth quarter of 2012.
BMO Private Bank names Kollauf estate planning manager
Rick Kollauf has been named estate planning manager at BMO Private Bank.
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Weyco revenue up in quarter, year
Milwaukee-based shoe manufacturer Weyco Group Inc. today reported fourth quarter net earnings of $7.2 million, or 62 cents per share, down from $8.3 million, or 71 cents per share, in the same period a year ago.
State bank profits up
Wisconsin state banks reported combined net income of $1.02 billion in the fourth quarter of 2013, up from $828 million in the fourth quarter of 2012, according to the Quarterly Banking Profile released by the Federal Deposit Insurance Corp. today.
BizTimes Money Weekly: Associated Bank expands University program
Associated Bank has been expanding its revamped training program, Associated University, based on a prototype location in Milwaukee.
Johnson Controls to sell headliner and sun visor business
Glendale-based Johnson Controls Inc. is planning to sell its automotive headliner and sun visor business to an affiliate of Connecticut private equity firm Atlas Holdings LLC.