Banking & Finance

Milwaukee-based Brady Corp. reported a fiscal fourth quarter net loss of $177.3 million, or $3.41 per share, compared with a net profit of $11.7 million, or 40 cents per share, in the same period a year ago.

High-yield bonds are commonly referred to as “junk bonds,” but when it comes to the benefits this asset class provides, investors should not be too quick to discard them when building portfolios.

The Legislature will reduce state taxpayer support for the University of Wisconsin System by $65.7 million over the next two years. The UW campuses will collectively absorb the state funding cut over the next two years, generally by drawing down their cash reserves

Wisconsin banks reported combined net income of $497 million in the second quarter, up from $407 million in the same period a year ago, according to the Quarterly Banking Profile released by the Federal Deposit Insurance Corp.

Robert W. Baird & Co. Inc. downgraded Milwaukee-based Brady Corp.’s stock from “outperform” to “neutral” with a price target of $33.00, down from $41.00, after a disappointing quarterly report Thursday.

Sheboygan-based Acuity announced it is open for business in Wyoming and Montana and has begun appointing agents in those states.

Scott Fischer has joined The Marcus Corporation as director of tax. He has 17 years of experience with federal...

Waukesha-based staffing firm Core Business Solutions LLC has acquired Milwaukee-based boutique search firm Beal Associates.

BMO Harris Bank has joined the Wisconsin LGBT Chamber of Commerce, as its first platinum founding member.

Madison-based Summit Credit Union and West Allis-based Greater Milwaukee Credit Union will merge their companies on December 1.