Banking & Finance

Glendale-based Johnson Controls Inc. reported fiscal third quarter net income of $417 million, up 17 percent over last year.

Brown Deer-based Bank Mutual Corp. reported second quarter net income of $1.3 million, or 3 cents per share, compared with a net loss of $51.4 million or $1.12 per share, in the same period a year ago.

Associated Banc-Corp, the largest Wisconsin-based bank, second quarter net income of $42 million, or 24 cents per share, up from $26 million, or 15 cents per share, in the same period a year ago.

Erik Buell Racing LLC of East Troy will receive $20 million in new investments that will help the company expand production of EBR brand sport motorcycles and create about 200 new jobs.

The Federal Reserve Bank of Chicago reports in its latest “Beige Book” that the economic conditions in the Seventh District, which includes Wisconsin and most of the upper Midwest, continue to improve, although the pace of growth has slowed.

Heartland Financial USA Inc. announced today it will rename its Wisconsin Community Bank subsidiary to Wisconsin Bank & Trust.

Chicago Mayor Rahm Emanuel announced today that McGladrey LLP will move its corporate headquarters to the Windy City from Bloomington, Minn.

The Marcus Corp. today announced that its board of directors has authorized the repurchase of up to 2 million additional shares of the company’s outstanding common stock.

Northern Trust Bank has appointed Carl Tannenbaum, a banking industry leader in economics and risk management, as its chief economist.

Appleton Papers Inc. announced is discontinuing its proposal to be acquired by Hicks Acquisition Company II Inc., a special purpose acquisition company operated by billionaire Thomas Hicks.