Banking & Finance
Demand for generators drives Generac profit surge
Profits for Waukesha-based Generac Holdings Inc. surged in the first quarter by 68.4 percent. The company reported first quarter net income of $50.7 million, or 73 cents per share, compared to $30.1 million, or 44 cents per share for the first quarter of 2012.
Waterstone Financial doubles net income
Waterstone Financial Inc., the Wauwatosa-based parent company of WaterStone Bank, reported first quarter net income of $4.6 million, or 15 cents per share, up from $2.2 million, or 7 cents per share, in the same period a year ago.
American Society of Women Accountants changes name
The Milwaukee chapter of the American Society of Women Accountants has changed its name to the Accounting & Financial Women’s Alliance following a name change enacted by the national organization.
Artisan Partners makes debut on NYSE
Milwaukee-based Artisan Partners Asset Management Inc. reported net income of $3.0 million, or 19 cents per share, in its first quarter as a publicly traded company.
Baker Tilly merges with New York firm
Chicago-based accounting, tax and advisory firm Baker Tilly Virchow Krause LLP will merge with New York-based Holtz Rubenstein Reminick LLP on June 1.
FIS to close Milwaukee facility, lay off 300 employees
Jacksonville, Fla.-based FIS notified the Wisconsin Department of Workforce Development that it will close its facility at 1515 N. Rivercenter Drive in Milwaukee and lay off about 301 employees.
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CoreLogic Acquires Case-Shiller
Irvine, Calif.-based CoreLogic, a residential property information, analytics and services provider, announced the acquisition of Case-Shiller from Brookfield-based Fiserv Inc.
GDP grew 2.5% in first quarter
The U.S. gross domestic product grew at a 2.5 percent rate in the first quarter, up from 0.4 percent in the previous quarter, as consumer spending surged.
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Money events
Summit Credit Union will host a Free Homebuyers Seminar on Wednesday, May 1, from 6 to 8 p.m. at...