Industries
Cold weather heats up Wisconsin Energy profits
Customers who turned up their thermostats during the cold temperatures in the first quarter provided a boost to Milwaukee-based Wisconsin Energy Corp., which today reported net income from continuing operations of $176.6 million, or 76 cents a share for the first quarter, up 4.5 percent from net income from continuing operations of $172.1 million or 74 cents a share for the first quarter of 2012.
Common Council approves TIF plan for NML office tower
Milwaukee aldermen voted unanimously this morning 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.
Kohl’s opens West Coast IT office
Menomonee Falls-based Kohl’s Corp. announced that it has opened a 52,000-square-foot information technology office in Milpitas, Calif. in the Silicon Valley area.
Cudahy manufacturer acquires Rhode Island firm
Global diversified manufacturer Handy & Harman Ltd. announced that Lucas-Milhaupt Inc., an indirect wholly owned subsidiary based in Cudahy, has acquired the assets of Wolverine Joining Technologies, a wholly owned subsidiary of Wolverine Tube.
Milwaukee manufacturing sector contracts
The Milwaukee-area manufacturing industry contracted in April, according to a monthly report from the Institute for Supply Management-Milwaukee.
Baker Tilly merges with New York firm
Chicago-based accounting, tax and advisory firm Baker Tilly Virchow Krause LLP will merge with New York-based Holtz Rubenstein Reminick LLP on June 1.
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FIS to close Milwaukee facility, lay off 300 employees
Jacksonville, Fla.-based FIS notified the Wisconsin Department of Workforce Development that it will close its facility at 1515 N. Rivercenter Drive in Milwaukee and lay off about 301 employees.
CoreLogic Acquires Case-Shiller
Irvine, Calif.-based CoreLogic, a residential property information, analytics and services provider, announced the acquisition of Case-Shiller from Brookfield-based Fiserv Inc.
GDP grew 2.5% in first quarter
The U.S. gross domestic product grew at a 2.5 percent rate in the first quarter, up from 0.4 percent in the previous quarter, as consumer spending surged.
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