Banking & Finance
Stay informed on the latest banking, finance, and investment news across Milwaukee and Wisconsin.
Journal Broadcast Group acquires Green Bay TV station
Journal Broadcast Group, Inc., a subsidiary of Journal Communications Inc., announced it has closed on the purchase of WACY-TV in Green Bay for $2.038 million from ACE TV Inc.
Top executives call on Congress to avoid fiscal cliff
Chief executive officers at more than 80 major U.S. corporations have released a statement to pressure Congress to reduce the federal deficit with tax increases and spending cuts.
Political commercials boost Journal Communications
Buoyed by a barrage of paid political campaign television commercials, Milwaukee-based Journal Communications Inc. reported third quarter net earnings of $7.7 million, or 14 cents per share, up from $4.4 million, or 7 cents per share, in the same period a year ago.
GDP grows 2% and consumer confidence improves
The U.S. economy sped up in the third quarter, as the gross domestic product grew at a 2 percent clip from July through September, up from 1.3 percent in the second quarter, according to the Commerce Department.
First Business reports record quarter
First Business Financial Services Inc., the parent company of First Business Bank and First Business Bank-Milwaukee, reported record third quarter results highlighted by growth in revenue, in-market deposits, commercial loan balances and problem loan resolutions.
Money Directory: Finance, Retirement & Wealth Management
The U.S. economy has been slow to recover, unemployment remains high, the federal government's credit rating has been downgraded and some still fear the economy could slip back into a recession as more uncertainty looms in world markets because of the impending European debt crisis.
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Jannsen targets pro athletes as clients
Jannsen + Company, an accounting and business resources firm based in Pewaukee, has forged a partnership with the Milwaukee Admirals Hockey Club as part of its growing initiative to coach athletes in wealth management and tax obligations.
Election closure could boost stock market
Whether the outcome of the presidential election is four more years for Democrat Barack Obama or a new administration led by Republican Mitt Romney, several area financial analysts predict the lifting of pre-election uncertainty will result in a stock market rally.
Repatriating profits from China
Getting your profits out of China ironically begins before you have made any. The assumption in China seems to be that any business coming here needs to be very specific about every detail of what they intend to do.
Seek advice to manage retirement accounts
A study from Dalbar Inc. released in April found the average equity investor underperformed the S&P 500 for the preceding one, three, five, ten and twenty year periods. Many investors in 401(k) accounts choose their investments and rarely change them. Investors also tend to make decisions based on which investments did well the year before.
