Banking & Finance

Milwaukee-based Northwestern Mutual Life Insurance Co. Inc. will reach another financial milestone in 2013 with its largest dividend payout ever.

Wauwatosa-based Waterstone Financial Inc. reported third quarter net income of $8.4 million, 27 cents per share, compared with a net loss of $206,000 or 1 cent per share, in the same period a year ago.

Menomonee Falls-based Assisted Living Concepts Inc. reported a net loss of $4.0 million in the third quarter, compared with net income of $5.8 million in the same period a year ago.

RedPrairie, which has an office in the Town of Brookfield, has entered into a definitive agreement to acquire Scottsdale, Ariz.-based JDA Software, creating one of the largest global software companies with combined revenues of over $1 billion.

The performance by the equity markets in October was in line with expectations as the presidential election cycle made its presence felt.

Cudahy-based Roadrunner Transportation Systems Inc. announced it has acquired all of the outstanding stock of Central Cal Transportation, a Fresno, Calif.-based provider of intermodal transportation and related services.

Baird Capital Partners, the buyout fund of Baird Private Equity, announced its portfolio company Digi-Star LLC of Fort Atkinson has acquired RDS Technology of the United Kingdom.

Northwestern Mutual has announced the promotion of three executives in Milwaukee.

Associated Bank has received the Minority Business Development Award from the Wisconsin Economic Development Corporation.

Milwaukee-based company Artisan Partners Asset Management Inc. has filed for a $250 million proposed initial public offering of Class A common stock.