Banking & Finance

Airlines increase ancillary revenue

A new report from Shorewood-based airline consultant IdeaWorksCompany shows the ancillary revenue reported by airlines grew to $22.6 billion in 2011, up 66 percent from 2009.

The case for sell-side due diligence

M&A deals have always been challenging to close, and all the more-so in recent years, when sale processes have become protracted and due diligence efforts have intensified. Deals – even good, mutually beneficial ones – can be easily derailed by “surprises” from the seller.

WEDC attracts $100 million from Chinese private equity company

Wisconsin has secured $100 million in foreign direct investment from Chinese private equity firm PiYi Investment Management Co. Ltd.

Sponsorships help BMO Harris introduce itself to Milwaukee area

M&I Bank, founded in 1847 and once the largest Milwaukee-based bank, will officially change its name and systems to BMO Harris Bank in October.

Canadian company to acquire Menomonee Falls firm

Artaflex Inc. of Ontario, Canada, has entered into a definitive agreement to acquire Menomonee Falls-based MTI International Inc.

Foreign investments to boost Buell motorcycle production

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.
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Johnson Controls foresees ‘softness’ in markets

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

Bank Mutual continues recovery

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.

Milwaukee is key market for Associated Bank

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.

Foreign investments to boost Buell motorcycle production

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.

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