Banking & Finance
Stock market takes breather after record run
The U.S. stock market took a holiday breather today after closing the first quarter Thursday with the S&P 500 and the Dow Jones Industrial Average standing at record highs.
ABC Supply acquires Michigan firm
Beloit-based ABC Supply Co. Inc. has acquired substantially all of the assets of Lee Wholesale Supply Inc., a distributor specializing in steep-slope roofing, siding and windows with four locations in the Michigan communities of Livonia, Macomb, New Hudson and Port Huron.
Krajcir named MBBI president
Ed Krajcir, president of Sunbelt Midwest in Milwaukee, has been appointed Wisconsin chapter president of Midwest Business Brokers and Intermediaries. He will serve a one-year term.
Guaranty moves headquarters
Guaranty Bank has moved its headquarters from Brown Deer to Glendale following the January sale of subsidiary Shelter Mortgage LLC to a Chicago private equity firm.
V.A. Credit Union to merge with Summit
The Veterans Administration Credit Union plans to merge with Madison-based Summit Credit Union.
Tax time is not just about the refund
We are entering that time during tax season where we counsel the micro-corporations or individuals that usually just see us at tax time. For clients like these we are more of a service provider than a business consultant. With them, our success is measured by the size of their refund. If they get one, it's a job well done and attributable to our tax skills. If not, there must be something else that can be done.
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Weak movie lineup stings Marcus Corp.
The Marcus Corp. today reported a fiscal third quarter operating loss of $224,000, or 5 cents per share, compared with operating income of $4.1 million, or 3 cents per share, in the same period a year ago.
Allrite acquires insulation firm
Allrite Home & Remodeling Inc., a Milwaukee company specializing in siding, roofing, window and gutter replacement, has acquired S&E Insulation in Shorewood.
Meyer to lead Wells Fargo’s commercial banking in Milwaukee
Jim Meyer has joined Wells Fargo as a senior vice president to lead the bank's commercial banking in southeastern Wisconsin.
State agencies to launch $30 million venture capital fund
The State of Wisconsin Investment Board (SWIB) and Wisconsin Alumni Research Foundation (WARF) are creating an early-stage venture capital fund focused on information technology.