Banking & Finance
Midwest Economy Index declines
The Federal Reserve Bank of Chicago’s Midwest Economy Index declined in July to -0.10, down from +0.22 in June. This is the first time in nine months the index, which indicates Midwest growth, has dipped to below average.
Koss hopeful new headphones will revive sales
Koss Corp. reported fiscal fourth quarter net income of $931,891, or 13 cents per share, down from $1.8 million, or 24 cents per share, a year ago.
Ohio firm acquires Federal Manufacturing Co.
Cincinnati-based Pro Mach Inc. announced it has acquired Federal Manufacturing Co. of Milwaukee.
Sales of risk products soar at Northwestern Mutual
Milwaukee-based Northwestern Mutual Insurance Co. Inc., a leading provider of financial security planning and solutions, announced that sales of its risk products are up substantially year-to-date.
Manufacturing activity up in July
The Federal Reserve Bank of Chicago announced today its Chicago Fed Midwest Manufacturing Index increased 1.8 percent to a seasonally adjusted 95.6 in July.
BMO announces drought relief program for farmers
BMO Financial Group today announced a financial relief program to assist customers affected by dry conditions throughout much of North America, including Wisconsin.
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Employer survey says salaries are inching upward
Salaried employees in the Milwaukee market have seen pay increases of 2.6 percent in 2012, a tad below the national average of 2.8 percent, according to Aon Hewitt's Salary Increase Survey.
Image System merges with The Printery
Image Systems of Menomoneee Falls will merge with The Printery in New Berlin, and the combined company will remain in New Berlin.
Another airline to acquire naming rights for convention center
Delta Airlines has reportedly reached an agreement to purchase the naming rights for the Frontier Airlines Center in downtown Milwaukee.
Investors provide $20 million for Connecture
A Brookfield based software company that could be a major player if federal health care reform announced today that it has received a $20 million funding boost from investors.
