Banking & Finance
Emory & Co. sells interest in Discount Ramps
Milwaukee-based investment banking firm Emory & Co. has sold a majority interest in West Bend-based Discount Ramps LLC to Washington, D.C.-based private equity firm Rotunda Capital Partners.
Increase in minimum wage will hurt workers
Editor’s note: Brett Healy, president of the John K. MacIver Institute for Public Policy, released the following statement after Rep. Cory Mason (D-Racine), Sen. Bob Wirch (D-Pleasant Prairie), Sen. Nikiya Harris (D-Milwaukee) and Rep. Eric Gengrich (D-Green Bay) announced support for a $10.10 minimum wage.
A minimum wage hike we can all embrace
Back in the 1970s, 25 percent of the American workforce counted on a union card to guarantee their household a place in the middle class. Blame technology, globalization or even the oil embargo, but union membership has declined as the service economy evolved. Now, standing between American households and a middle class lifestyle is a college diploma, yet only 30 percent of 25- to 34-year-olds have a bachelor's degree.
Oldenburg purchases Gen Mach
Oldenburg Metal Technologies Inc. has purchased Gen Mach Tooling in Saukville.
Johnson Controls sells automotive electronics business
Glendale-based Johnson Controls Inc. has agreed to sell its automotive electronics business to Visteon Corp. for $265 million.
Johnson Bank names new president
Racine-based Johnson Bank has named Gus Hernandez president of the Milwaukee metropolitan market.
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Report says Northwestern Mutual exploring sale of Russell Investments
Milwaukee-based Northwestern Mutual Life Insurance Co. Inc. is exploring a possible sale of its Russell Investments asset management business, according to a report today by Reuters.
Dohmen makes three acquisitions
Menomonee Falls-based Dohmen Co. announced it has acquired three technology companies: Milwaukee-based Red Arrow Labs, Milwaukee-based Clinical Path Consulting and Raleigh, N.C.-based ChemWare.
Gener8tor launches winter program
Wisconsin-based startup accelerator Gener8tor has kicked off its Winter 2014 Program with five companies planning to advance their businesses.