Banking & Finance
Report: 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 Connecticut private equity firm Atlas Holdings LLC, according to a report from Automotive News Europe.
First Business CFO to retire
James Ropella, senior vice president and chief financial officer of First Business Financial Services Inc., announced today he plans to retire in the fourth quarter.
Brady profits up sharply
Milwaukee-based Brady Corp. today reported fiscal second quarter net earnings of $16.4 million, or 31 cents per share, up sharply from a net loss of $8.7 million, or 17 cents per share, in the second quarter of 2013.
Baird completed $61 billion in deals last year
Milwaukee-based Robert W. Baird & Co. Inc. today reported a record year for its investment banking arm in 2013.
Northwestern Mutual to pay record dividend
Milwaukee-based Northwestern Mutual today announced it will pay a record $5.2 billion dividend to policyowners. Most of that payout will be used to purchase additional coverage.
New products result in Koss loss
Milwaukee-based Koss Corp. reported a fiscal second quarter net loss of $3.4 million, or 47 cents per share, down dramatically from net income of $338,688, or 5 cents per share, in the second quarter of 2013.
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Generac powers ahead
Waukesha-based Generac Holdings Inc. reported fourth quarter net income of $48.5 million, or 69 cents per share, up from $28.3 million, or 41 cents per share, in the fourth quarter of 2012.
Tenth & Blake continues to drive MillerCoors growth
MillerCoors LLC reported fourth quarter net income of $239.9 million, up from $172.3 million in the fourth quarter of 2012.
Ascedia acquires Roll Mobile
Milwaukee-based Ascedia Inc., a full-service digital agency, announced that it has completed its acquisition of Milwaukee-based digital development and marketing agency Roll Mobile.
UW, WEDC create $2 million seed fund
A $2 million seed fund has been established to move innovative technology and ideas developed at University of Wisconsin campuses into the commercial stage.