Banking & Finance
Stay informed on the latest banking, finance, and investment news across Milwaukee and Wisconsin.
Fed decides not to ‘taper’
In a move that surprised most market participants, the Federal Reserve Board recently voted 9-1 to maintain its $85 billion asset purchase program.
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.
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.
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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.
Conference will help employers to ‘Get Smarter’
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.
Michigan company acquires KM Tool Supply
Warren, Mich.-based Production Tool Supply Co. has acquired Menomonee Falls-based KM Tool Supply Ltd.
