Banking & Finance

The U.S. economy grew much faster in the third quarter than originally reported, as the Gross Domestic Product (GDP) was revised to 2.7 percent from the original estimate of 2.0 percent, according to the U.S. Commerce Department.

Milwaukee-based ARI Network Services Inc. announced it has completed the acquisition of the retail division assets of 50 Below Sales & Marketing Inc. of Duluth, Minn.

Waukesha-based MetalTek International has acquired Lakeland, Fla.-based industrial metal fabrication and machining company Specialty Maintenance and Construction Inc.

U.S. HealthWorks, one of the largest operators of occupational health care centers in the United States, announced it has acquired four health care centers and two worksites from Sensia Healthcare in Wisconsin.

Waukesha-based Generac Holdings Inc. announced that due to market conditions, the secondary offering of shares of the company's common stock by certain selling stockholders is being withdrawn from the marketplace.

Milwaukee-based Lubar & Co. announced it has acquired Marinette-based ChemDesign Inc.

Following a meeting this week with the President, as well as conversations with Congressional leaders, I am more convinced than ever that a budget deal to avoid the 'fiscal cliff' must and can be found.

The Federal Reserve Board on Thursday announced the termination of its enforcement action against Johnson Financial Group and Johnson Bank of Racine.

Waukesha-based Generac Holdings Inc. announced it plans to acquire Latin American generator manufacturer Ottomotores UK Ltd. for $46.5 million.

Cudahy-based Lucas-Milhaupt Inc., a subsidiary of Handy & Harman Ltd., announced it has acquired Inmet Metal Processing Plant Ltd. of Gliwice, Poland.