Industries

Milwaukee-based water heater and boiler manufacturer A.O. Smith Corp. reported fourth quarter net income of $53.2 million, or 59 cents per share, up from $42.4 million, or 46 cents per share, in the fourth quarter of 2013.

The leader of the group organizing a petition drive in an attempt to stop the downtown Milwaukee streetcar project says the group plans to file a lawsuit because city officials are not giving the public enough time to complete the petition drive.

The state of Wisconsin would borrow $220 million to help pay for a new arena in downtown Milwaukee, which would be paid for with future growth of the income taxes paid by NBA players to the state, under a plan unveiled today by Gov. Scott Walker.

Milwaukee-based Robertson Ryan & Associates Inc. has merged with the Shorewood-based Jack C. Loyda agency and the Kewaunee-based Walton Insurance Associates Inc. in a non-cash transaction.

Chicago-based multichannel communication company R.R. Donnelley & Sons Co. has submitted an unsolicited proposal to acquire North Chelmsford, Mass.-based Courier Corp. for $23 per share in cash or R.R. Donnelley common stock.

Waukesha State Bank has opened a new freestanding branch at 1640 E. Main St. in Waukesha.

The 70-room Super 8 Hotel in Saukville was sold for nearly $1.3 million to Hartford-based Yogiraj LLC, according to state records.

Milwaukee-based Rexnord Industries LLC has sold certain intellectual property rights related to its Falk Mill Products business to Helsinki, Finland-based Metso for an undisclosed price.

BizTimes Media will host an interactive workshop designed to help business owners value their businesses and prepare them for sale.

Milwaukee-based sign manufacturer Poblocki Sign Co. has been acquired by Chicago-based merchant banking boutique TJM Capital Partners.