Banking & Finance

Cincinnati-based Pro Mach Inc. announced it has acquired Federal Manufacturing Co. of Milwaukee.

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.

In its last forecast before the November elections, the nonpartisan Congressional Budget Office (CBO) predicted that the U.S. economy would experience a recession in 2013 if Congress decides to go off “the fiscal cliff” and allows scheduled tax increases and spending cuts to take effect in January.

BMO Financial Group announced a financial relief program to assist customers affected by dry conditions throughout much of North America, including Wisconsin.

Milwaukee M&A advisory firm Cleary Gull has completed the sale of Hi-Tech Manufacturing LLC to May River Capital LLC.

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.

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 Financial Group today announced a financial relief program to assist customers affected by dry conditions throughout much of North America, including Wisconsin.

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 Systems of Menomoneee Falls will merge with The Printery in New Berlin, and the combined company will remain in New Berlin.