Banking & Finance

Menomonee Falls-based Actuant Corp. reported fiscal third quarter net earnings of $34.4 million, or 45 cents per share, down from $36.4 million, or 49 cents per share, in the same period a year ago.

Milwaukee-based law firm Quarles & Brady will pay $26.5 million and Greenberg Traurig will pay $61 million to settle a lawsuit against the two firms that accused them of assisting in an Arizona Ponzi scheme that cost investors $900 million, according to a Reuters report.

Milwaukee-based national CPA and consulting firm Wipfli LLP has launched a turnaround and restructuring services practice to help companies who are in operational or financial distress.

Dallas-based 7-Eleven, Inc. announced it has completed a transaction to acquire 18 Open Pantry convenience store locations in Wisconsin, primarily in the greater Milwaukee and Madison markets.

Waukesha television company The Wellness Network has acquired Germantown health guide publisher HealthStyle Press.

Milwaukee-based Journal Communications Inc. subsidiary Journal Broadcast Group has acquired Tulsa, Okla. Radio stations 106.9 KHTT FM and 92.9 BOB FM from Renda Broadcasting Corp.

Plano Molding Company of Plano, Ill. has acquired Frabill Inc. of Jackson. Corporate Financial Advisors of Milwaukee represented Frabill in the transaction.

Alliance Data Systems Corp., a Dallas-based provider of loyalty and marketing solutions derived from transaction-rich data, today announced its Retail Services business has agreed to acquire the private label credit card portfolio of The Bon-Ton Stores Inc., which operates headquarters in Milwaukee and York, Pa.

Milwaukee-based Robert W. Baird & Co. Inc. today announced that its Public Finance business has added five bankers and opened three new offices in Texas, expanding the firm’s presence in the state.

ARI Network Services, a Milwaukee-based provider of software of solutions that connect consumers, dealers, distributors, and manufacturers in selected vertical markets, reported fiscal third quarter net income of $210,000, or 3 cents per share, down from $541,000, or 7 cents per share in the same quarter a year ago.