Banking & Finance
Wisconsin economy continues sluggish growth
The Wisconsin economy is expanding at a somewhat sluggish pace and has struggled to gather any sustained momentum given declining factory activity, according to the State Monitor report released today by BMO Capital Markets Economics.
Kohl’s reports solid quarter
Kohl's Corp. reported third quarter net income of $215 million, or 91 cents per share, up from $211 million, or 80 cents per share, in the same period a year ago.
Craft brews propel MillerCoors
MillerCoors LLC reported a 74-percent increase in quarterly profits, sparked by continued growth in its Coors Light and Tenth and Blake Beer Co. brands.
Workwise acquires OnContact Software
Milwaukee-based WorkWise LLC announced the strategic acquisition of OnContact Software, a Cedarburg-based provider of mid-sized CRM (customer relations management) systems.
Briggs & Stratton to acquire Brazilian company
Briggs & Stratton Corp. announced that it has signed a definitive agreement to acquire Companhia Caetano Branco of Brazil for approximately $60 million, subject to post-closing adjustments.
Northern Trust named ‘Best Private Bank’
Northern Trust Bank has been named “Best Private Bank” in the United States for the fourth consecutive year by Professional Wealth Management and The Banker magazines, both published by the Financial Times Group.
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Losses mounting at Anchor Bank
Anchor BanCorp Wisconsin Inc., the Madison-based parent company of Anchor Bank, announced a third quarter net loss of $12.1 million, or 57 cents per share, compared with a net loss of $19.6 million, or 92 cents per share, for the same period a year ago.
Roadrunner Transportation acquires South Dakota firm
Cudahy-based Roadrunner Transportation Systems Inc. announced it has acquired all of the outstanding stock of A&A Express, a provider of truckload services based in Brandon, S.D., for approximately $24.0 million, plus an earn-out capped at $2.5 million.
WEM sold to Mendota Group
New Berlin industrial automation software developer WEM Automation has been acquired by Madison-based mergers and acquisitions firm The Mendota Group. Milwaukee M&A advisory firm Pentvia Partners advised WEM shareholders in the transaction.
Northern Trust gives financial outlook
Kate Nixon, chief investment officer for personal financial services at Northern Trust Bank, visited Milwaukee Thursday to provide post-election financial insight at a breakfast for clients.
