Banking & Finance
MSO faces financial challenges
While the Milwaukee Symphony Orchestra has long been regarded as a world-class music ensemble, behind all the acclaim and recognition is a nonprofit organization that has faced significant financial challenges, particularly during recent seasons.
MGIC returns to profitability
Reflecting the growing rebound of the U.S. housing market, Milwaukee-based MGIC Investment Corp. reported its first quarterly profit since 2010.
Actuant to acquire oil and gas support company
Actuant Corp. announced today it is acquiring Viking SeaTech, a Scottish offshore oil and gas support company, for about $225 million.
Dohmen sells Restat for $409.5 million
Lisle, Ill.-based Catamaran Corp. will buy Milwaukee-based Restat from its parent company, Milwaukee-based Dohmen, for $409.5 million, the companies announced today. The deal is expected to close in the fourth quarter of this year.
Waterstone income dips
Waterstone Financial Inc., the Wauwatosa-based parent company of WaterStone Bank, reported second quarter net income of $4.9 million, or 16 cents per share, down from $6.2 million, or 20 cents per share, in the second quarter of 2012.
Fiserv earnings down
Brookfield-based Fiserv Inc. reported second quarter net income of $151 million, or $1.13 per share, down from $161 million, or $1.17 per share, in the second quarter of 2012.
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Artisan Partners earnings up
In its second quarter as a publicly traded company, Artisan Partners Asset Management Inc. reported earnings of $5.7 million, or $0.38 per share, up from $3 million or $0.19 per share in the first quarter.
Stocks may rally into late August
Bruce Bittles, Robert W. Baird & Co. Inc. chief investment strategist, wrote in his market notes yesterday that he expects the stock market to continue its rally into late August.
MGIC returns to profitability
Reflecting the growing rebound of the U.S. housing market, Milwaukee-based MGIC Investment Corp. reported its first quarterly profit since 2010.
Harley anniversary will boost Marcus Corp.
The Marcus Corp. reported fiscal fourth quarter net earnings of $3.5 million, or 13 cents per share, down from $6.7 million, or 23 cents per share, in the same period a year ago.
