Banking & Finance
Stay informed on the latest banking, finance, and investment news across Milwaukee and Wisconsin.
Johnson Controls to acquire assets of bankrupt company
Glendale-based Johnson Controls Inc. has entered into an agreement to purchase the automotive business assets of A123 Systems Inc., a Waltham, Mass., company that filed for bankruptcy protection.
Badger Meter reports strong quarter
Milwaukee-based Badger Meter Inc. reported increased sales, earnings and earnings per share for the third quarter.
A.O. Smith raises earnings guidance
Water technology company A. O. Smith Corp. reported third quarter net income of $37.0 million, or 79 cents per share, down from $182.3 million, or $3.91 per share, in the same period a year ago.
Snap-on Inc. reports strong quarter
Snap-on Inc. reported third quarter net earnings of $74.1 million, or $1.26 per share, up from $67.8 million, or $1.16 per share, in the same period a year ago.
Drought takes toll on Briggs & Stratton
Drought conditions that resulted in lower lawn mower sales prompted Briggs & Stratton Corp. to report a fiscal first quarter net loss of $13.2 million, excluding additional restructuring charges.
Milwaukee Biz Blog: A flatter tax is not a fairer tax
The call for a “flatter” income tax often is accompanied by a call for fairness. In truth, the flatter tax is not fair, according to Jack Norman, author of today’s Milwaukee Biz Blog.
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Associated Bank reports robust quarter
Green Bay-based Associated Banc-Corp reported third quarter net income of $45 million, or 26 cents per share, up from $34 million, or 20 cents per share, in the same period a year ago.
Bank Mutual gains momentum
Bank Mutual Corp. reported third quarter net income of $2.0 million, or 4 cents per share, up from $1.3 million, or 3 cents per share, in the same period a year ago.
Foreign currency rates clip ManpowerGroup
Milwaukee based ManpowerGroup reported third quarter net earnings of $63.1 million, or 79 cents per share, down from $79.6 million, or 97 cents per share, in the same period a year ago.
BMO completes integration of Harris and M&I
BMO Financial Group announced it has completed the integration of the personal, commercial and wealth operating systems of Harris Bank and M&I Bank.
