Industries
Feds allocate $155 million in tax credits to Wisconsin organizations for development
The U.S. Treasury Department announced $155 million in new markets tax credit allocations for four Wisconsin-based community development entities.
Kloiber Jewelers to move to U.S. Bank Center
Kloiber Jewelers, in business since 1926, will be relocating to the Galleria level of the U.S. Bank Center, located at 777 E. Wisconsin Ave., in downtown Milwaukee.
Common Council approves TIF plan for NML office tower
Milwaukee aldermen voted unanimously Tuesday to support a $73 million tax incremental financing (TIF) package for the new office tower at the Northwestern Mutual Life Insurance Co. corporate headquarters and for street improvements for the Lakefront Gateway project.
101-acre site along I-94 in Racine County sold
Daniel Oakes, the owner of Racine-based A.W. Oakes & Son Inc., a Racine-based earthwork construction services firm, recently purchased an undeveloped 101-acre site northwest of I-94 and County Highway K in the Racine County Town of Raymond.
Great brands grow from the inside out
What is your company’s competitive advantage? I’ll venture to say that most CEOs I know would probably answer that question with phrases that include, “customer service,” “quality products,” “our competent people” or “our strong corporate brand.”
Walmart to break ground for Town of Waukesha store
Walmart will hold a groundbreaking ceremony on Thursday to celebrate the start of construction of a 41,000-square-foot Walmart Neighborhood Market store at W226 S1500 Highway 164 in the Town of Waukesha.
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Metro Milwaukee home values projected to rise 1.9% this year
Seattle-based Zillow predicts that home values for the metro Milwaukee housing market will rise 1.9 percent this year.
That is below Zillow’s 3.2 percent expected growth rate for the national housing market.
That is below Zillow’s 3.2 percent expected growth rate for the national housing market.
South Milwaukee workers reject Caterpillar contract proposal
The United Steelworkers (USW) today said that members of Local 1343 in South Milwaukee rejected a proposed six-year labor agreement with Caterpillar Inc. and that the union will resume negotiations with the company for a new contract.
Despite defense cutbacks Oshkosh Corp. doubles Q2 profit
Despite U.S. Defense Department spending cutbacks Oshkosh Corp. today reported a surge in second quarter earnings. The company posted fiscal second quarter net income of $85.4 million, or 96 cents per diluted share, nearly twice the $42.8 million, or 47 cents per diluted share, in net income for the previous fiscal second quarter.
MGIC losses widen
Milwaukee-based MGIC Investment Corp. continues to post hefty losses. The company today reported a first quarter net loss of $72.9 million, or 31 cents per share, up significantly from a net loss of $19.56 million, or 10 cents per share, in the first quarter of 2012.
