Banking & Finance
GDP rose 3.2% in fourth quarter
The U.S. economy picked up the pace in the fourth quarter as consumers opened their wallets and businesses increased investments, marking one of the best six-month periods of growth in a decade.
Artisan closing Global Value fund
Artisan Partners Asset Management Inc. announced it will close its Global Value strategy and the Artisan Global Value Fund on Feb. 14.
Rockwell revenue up 7 percent
Milwaukee-based Rockwell Automation today reported fiscal first quarter net income of $198.1 million, or $1.41 per share, up from $161.4 million, or $1.14 per share, in the first quarter of 2013.
Core sales drive Rexnord earnings jump
Milwaukee-based Rexnord Corp. reported fiscal third quarter net income of $28.6 million, or 29 cents per share, up sharply from $9.2 million, or 12 cents per share, in the third quarter of 2013.
Twin Disc down on decreased demand
Racine-based Twin Disc Inc. today reported fiscal second quarter net earnings of $518,000, or 5 cents per share, down from $3.3 million, or 29 cents per share, in the second quarter of 2013.
A.O. Smith revenue up 11 percent
Milwaukee-based A.O. Smith Corp. today reported fourth quarter net earnings of $42.4 million, or 46 cents per share, up from $39.3 million, or 46 cents per share, in the fourth quarter of 2012.
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Northwestern Mutual confirms Russell plans
Milwaukee-based Northwestern Mutual Life Insurance Co. Inc. has confirmed it is exploring “strategic alternatives,” including a potential sale, of its majority ownership in Russell Investments.
GE acquires API Healthcare
General Electric has announced it has agreed to acquire Hartford-based API Healthcare.
Pallet USA acquires Goeman’s Wood Products
Lannon-based Pallet USA, a portfolio company of Brookfield-based private equity firm Blackthorne Partners, has acquired a majority of the assets of Hartford-based Goeman's Wood Products Inc.
Richardson Industries sells lumber division
Sheboygan Falls-based Richardson Industries Inc. has sold Richardson Lumber Company to Drexel Building Supply.
