Banking & Finance

Low consumer spending continues to hamper The Bon-Ton Stores Inc., the owner and operator of the Boston Store chain.

Elite Sports Clubs announced that it has entered into an agreement to acquire Le Club, a health and fitness club located in Glendale.

American Banker, a financial services publication, has ranked Milwaukee business law firm Godfrey & Kahn S.C. as the “Top Lead Legal Advisor” in Wisconsin.

GE Healthcare, through its GE healthymagination Fund, has invested $20 million in Ornim Inc., an Israeli developer of a muscle and tissue monitor.

Menomonee Falls-based Magnetek Inc. reported second quarter net income of $3.2 million, or 99 cents per share, up from $1.2 million, or 37 cents per share, in the same period a year ago.

Milwaukee-based Briggs & Stratton Corp. reported a fiscal fourth quarter net loss of $8.4 million, or 18 cents per share, which was an improvement over a net loss of $17.8 million, or 36 cents per share, in the same period a year ago.

Kohl's Corp. reported second quarter net income of $240 million, or $1.00 per share, down from $299 million, or $1.08 per share, in the same period a year ago.

New Berlin-based International Monetary Systems Ltd. reported second quarter net income of $98,647, up from $77,196 in the same period a year ago.

Milwaukee-based Rockwell Automation Inc. announced it has agreed to purchase the assets of the medium voltage drives business of Harbin Jiuzhou Electric Co. Ltd. of China for $83 million.

Wisconsin credit unions grew net income by 83 percent in the first six months of 2012, compared with the same period last year, according to data compiled by the Wisconsin Department of Financial Institutions (DFI).