Banking & Finance

Milwaukee-based Telkonet Inc. today reported second quarter net income of $200,000, up from a $700,000 loss in the first quarter of 2012.

Modine Manufacturing Co. reported a fiscal first quarter net loss of $1.2 million, or 3 cents per share, compared with net earnings of $12.6 million, or 27 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.

MillerCoors LLC, which operates a brewery in Milwaukee, said its second quarter net income increased 9.1 percent from the same quarter a year ago to $436.0 million, driven by positive pricing, favorable brand mix and cost management.

Milwaukee-based Strattec Security Corp. reported fiscal fourth quarter net income of $3.2 million, or 97 cents per share, up from $2.7 million, or 81 cents per share, 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).

BMO Harris Bank will make three separate donations in support of diversity, inclusion and Milwaukee's Sikh community.

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.

Green Bay-based Tosca Limited, a provider of reusable container pooling and logistics services to the food supply chain, announced it has acquired the reusable plastic container division of Georgia-Pacific LLC.