Banking & Finance

The BrightStar Wisconsin Foundation, a groundbreaking philanthropic approach to supporting job creation and economic growth statewide through investment in early-stage companies, has announced the opening of a Milwaukee office that will serve as its headquarters.

The U.S. stock market sputtered last week as analysts speculated that the Federal Reserve Board may be on the verge of tapering its bond-buying program and might even be pondering a slight increase in the core interest rate.

Milwaukee-based Rexnord Corp. has acquired the assets of Micro Precision Gear Technology Ltd., a UK-based specialty precision aerospace gears manufacturer.

Brookfield-based North Shore Bank has announced it will receive an increase in the grant per household amounts for the Downpayment Plus and DPP Advantage programs.

The Federal Reserve Bank of Chicago’s National Activity Index for July showed economic growth remained sluggish in July.

Milwaukee-based Rexnord Corp. has acquired the assets of Micro Precision Gear Technology Ltd., a UK-based specialty precision aerospace gears manufacturer.

The Federal Reserve Bank of Philadelphia released its July coincident economic indexes for states today, with Wisconsin ranking among the best in the nation for the second consecutive month.

The Bon-Ton Stores, Inc., with corporate headquarters in York, Pa., and Milwaukee, today reported a second quarter net loss of $37.3 million, or $1.95 per share, which was an improvement over a net loss of $45 million, or $2.43 per share, in the same period a year ago.

Yahoo! Inc. attracted more U.S. visitors than Google Inc. during July for the first time since May 2011, indicating that turnaround efforts by chief executive officer Marissa Mayer, a Wausau native, are gaining traction.

The U.S. stock market has sputtered this week as analysts speculate that the Federal Reserve Board may be on the verge of tapering its bond-buying program and might even be pondering a slight increase in the core interest rate.