Banking & Finance

The Federal Reserve last week indicated it will begin tapering its bond purchasing and quantitative easing policies, which had a distinct impact on the markets, according to the U.S. Bank The Private Client Reserve Market & Economic Update.

Neenah-based Bemis Company Inc. today announced that it has acquired all of the common stock of Foshan New Changsheng Plastics Films Co. LTD (NCS), a specialty film manufacturer located in Foshan, China.

Peoria, Ill.-based Caterpillar Inc. plans to acquire Johan Walter Berg AB, a marine control and propulsion manufacturer based in Ockero Islands, Sweden.

Waukesha State Bank announced that its board of directors promoted Paula Brierton to president of its payroll services division, Payroll Complete.

"For individuals thinking about selling their business, now is not only the time because it's a seller's market, but...

Waterstone Financial Inc., the Wauwatosa-based parent company of WaterStone Bank SSB, announced that its board of directors has appointed William Bruss as chief operating officer of the company.

Milwaukee-based Robert W. Baird & Co. Inc. today announced that two of its veteran bankers, Brian Doyal and Brian McDonagh, will assume the position of co-head of Global Investment Banking, effective Jan. 1, 2014.

The U.S. stock market rose today with a series of promising data points.

Menomonee Falls-based Actuant Corp. reported a fiscal third quarter loss of $93.0 million, or $1.24 per share, compared with net income of $34.4 million, or 45 cents per share in the same period a year ago.

The Legend Clubs, owned by Jack Gaudion and Risa Kuhlman, who co-own The Legend at Brandybrook in Wales and The Legend at Bristlecone in Hartland, has purchased Merrill Hills Country Club in Waukesha for $3 million, according to state records. The sale was recorded Wednesday, June 19.