Banking & Finance

Milwaukee-based Harley-Davidson Inc. reported that its second quarter profit of $247.25 million, up 29.7 percent from its 2011 second quarter profit of $190.58 million. Diluted earnings per share were $1.07, up 32 percent from 81 cents in the 2011 second quarter.

Racine-based Johnson Outdoors Inc. reported fiscal year third quarter net income of $9 million, up 10.8 percent from the previous fiscal third quarter. Net sales were $128.6 million, up five percent.

West Milwaukee-based Rexnord Corp. reported a net loss of $2.2 million for the first quarter of its fiscal year, down from net income of $11.2 million in the first quarter of the previous fiscal year. Net sales were up 4.4 percent to $497 million.

Milwaukee-based Bank Mutual has planned a grand re-opening of its West Allis branch, 10296 W. National Ave., on Saturday, August 4.

Milwaukee-based Rockwell Automation Inc. reported fiscal third quarter profit of $190.7 million, up 6 percent compared to $179.5 million in the previous fiscal third quarter.

A strong early summer movie lineup and a recovering travel industry helped Milwaukee-based Marcus Corp. finish its fiscal year with record revenues, the company reported.

Milwaukee-based Journal Communications, which owns the Milwaukee Journal Sentinel, AM 620 WTMJ and Channel 4 TMJ4, was one of the biggest beneficiaries of the recall election for Gov. Scott Walker.

The U.S. economy grew at a modest pace during the second quarter as gross domestic product increased by only 1.5 percent, the U.S. Commerce Department reported.

Racine-based Johnson Bank has further extended its reach in the North Shore by hiring three new leaders at its Whitefish Bay branch.

David Schroeder has been named operating partner at Baird Capital Partners in Milwaukee.