Banking & Finance
BuySeasons to be spun off
Englewood, Colo.-based Liberty Interactive Corp. said today that it would spin off its stakes in travel website TripAdvisor Inc. and New Berlin-based online retailer BuySeasons into a new publicly-traded company known as Liberty TripAdvisor Holdings.
Arzbaecher adopts plan to sell his Actuant stock
Menomonee Falls-based Actuant Corp. today announced that chief executive officer (CEO) Robert Arzbaecher has adopted a pre-arranged plan to sell some of his stock in the company as his resignation goes into effect.
QuadMed acquires Indianapolis company
Sussex-based QuadMed LLC has entered into a definitive agreement to acquire Novia CareClinics LLC of Indianapolis in a merger of two innovators in employer-sponsored health care management solutions and on-site primary care.
Schott to head Northwestern Mutual compliance
Sarah Schott has been promoted to executive officer, vice president and chief compliance officer at Northwestern Mutual. She will lead the compliance/best practices department.
Artisan Value Team founder to retire
Scott Satterwhite, co-founder of the U.S. Value Team at Artisan Partners LP in Milwaukee, has advised the firm he plans to retire in three years. He will continue as a portfolio manager until September 2016.
Generac to acquire Baldor Generators
Waukesha-based Generac Holdings Inc. has signed an agreement to acquire Baldor Electric Company's generator products division, which is based in Oshkosh.
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Forecasters predict recession if Congress defaults on debt
If Congress fails to raise the federal debt ceiling and defaults on the nation's debt, the U.S. economy would be at risk of recession and the stock market would be at risk of a severe downturn, according to most of the economic forecasters surveyed by BizTimes today.
Fiserv launches Snap-to-Pay for smartphones
Brookfield-based Fiserv Inc. technology solutions announced today the launch of its Snap-to-Pay capability, which enables consumers to pay bills quickly and easily with a snap of their smartphone cameras.
Actuant caps fiscal year with strong quarter
Menomonee Falls-based Actuant Corp. reported fiscal fourth quarter net earnings of $58.3 million, or 78 cents per share, up from a net loss of $16.5 million, or 22 cents per share, in the same period a year ago.
Parent company to sell Frontier Airlines
Indianapolis-based Republic Airways Holdings Inc. announced it has entered into a definitive agreement to sell Frontier Airlines to an affiliate of Indigo Partners LLC in an all-cash transaction.
