Banking & Finance

Mattke to succeed Lauer as CFO at MGIC

Milwaukee-based MGIC Investment Corp. has announced that J. Michael Lauer, who has been the company's chief financial officer since 1989, will retire on Feb. 28, 2014.

First Business Financial Services reports higher earnings

First Business Financial Services Inc. reported third quarter net income of $3.6 million, or 91 cents per diluted common share, in the third quarter, compared with $2.6 million, or 99 cents per share, in the same period a year ago.

Emory wins award

Milwaukee-based investment banking firm Emory & Co. has received a U.S. Leading Adviser of the Year Award from London-based Acquisition International in the 2013 M&A Awards.

Artisan Partners profits up

Milwaukee-based Artisan Partners Asset Management Inc. reported net income of 47.6 million, or 67 cents per share, for the third quarter, up from 29.1 million in the same period a year ago.

Rockwell acquires vMonitor

Milwaukee-based Rockwell Automation Inc. has entered an agreement to acquire oil and gas wireless solutions company vMonitor.

A.O. Smith benefits from solid sales growth

A.O. Smith Corp. reported third quarter net earnings of $46.2 million, or 50 cents per share, up from $36 million, or 40 cents per share, at the same time a year ago.
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Harley motorcycle sales soar

Milwaukee-based Harley-Davidson Inc. reported that its earnings and dealer new motorcycle sales rose sharply in the third quarter.

Report says Allen Edmonds may be takeover target

Men's Wearhouse Inc. is attempting to acquire Port Washington-based Allen Edmonds Shoe Corp., according to a Wall Street Journal report.

Caterpillar downgrades outlook as mining industry sputters

Facing a global commodity glut with no end in sight, Caterpillar Inc. announced that its third-quarter earnings plunged 44 percent and it cut its economic forecast again.

Earnings slip at Koss Corp.

Koss Corp. reported fiscal first quarter net income of $79,402, or 1 cent per share, compared with $366,153, or 5 cents per share, in the same period a year ago.

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