Banking & Finance

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.

Waukesha-based Generac Holdings Inc. has signed an agreement to acquire Baldor Electric Company's generator products division, which is based in Oshkosh.

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.

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.

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.

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.

Employers are invited to attend the fifth annual BizTimes Get Smarter Conference, which will focus on how companies can use apprenticeships, internships and mentorships to develop their future workforce and become more productive.

Warren, Mich.-based Production Tool Supply Co. has acquired Menomonee Falls-based KM Tool Supply Ltd.

William Nasgovitz, chairman, chief investment officer, and portfolio manager at Heartland Advisors Inc. in Milwaukee, has been quoted in a new book, “The Art of Value Investing: How the World’s Best Investors Beat the Market” by John Heins and Whitney Tilson.

When the North Shore Bank at 4230 W. Oklahoma Ave. in Milwaukee was robbed recently, Alderman Joe Dudzik chased down the suspects.