Banking & Finance
Stay informed on the latest banking, finance, and investment news across Milwaukee and Wisconsin.
Keep it SIMPLE
How can you keep a retirement plan SIMPLE for a small business? One way is to find a plan easy to implement and understand. A SIMPLE IRA has two basic criteria. A company must have 100 employees or fewer (earning $5,000 or more in the preceding calendar year) and cannot have another retirement plan. Entities qualifying include C and S corporations, partnerships, and those filing a Schedule C or F.
Milwaukee Symphony Orchestra needs ’emergency’ donations
The reeling Milwaukee Symphony Orchestra is appealing to the community for “emergency financial help.”
Stocks rise again as GDP climbs to 4.1%
The U.S. economy expanded in the third quarter at its most robust pace in two years, catapulted by stronger consumer spending and business investment than previously reported, according to newly revised government figures.
Actuant earnings down
Menomonee Falls-based Actuant Corp. today reported fiscal first quarter net earnings of $36 million, or 48 cents per share, down from $36.3 million, or 49 cents per share, in the first quarter of 2012.
Marcus Corp. profits dip
Milwaukee-based Marcus Corp. today reported fiscal second quarter net earnings of $3.2 million, or 12 cents per share, down from $4.7 million, or 17 cents per share, in the same period a year ago.
Survey cites financial resolutions for Wisconsinites
According to a new study issued today by BMO Harris Financial Advisors, 65 percent of Wisconsinites will be making at least one New Year’s resolution for 2014, and 36 percent of those resolutions will be related to personal finances.
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Johnson Controls expects 2014 growth
Glendale-based Johnson Controls Inc. today indicated it projects 2014 will be a year of marked earnings growth and increased profitability.
7Summits to double staff
Milwaukee-based 7Summits LLC plans to double its revenues in the next year, which will require it to increase its staff from 60 to about 120 in 2014.
ARI sees revenue increase
Milwaukee-based website, software and data solutions provider ARI Network Services Inc. has reported revenue of $8.2 million for the first quarter of 2014, up 37.3 percent from $5.9 million in the same period last year.
Rexnord acquires Precision Gear Holdings
Milwaukee-based Rexnord Corp. has acquired Twinsburg, Ohio-based Precision Gear Holdings LLC.