Industries

Milwaukee-based mining equipment manufacturer Joy Global Inc. announced that Michael W. Sutherlin, president and chief executive officer, plans to retire at the end of this year.

The union representing workers at Caterpillar Inc.'s South Milwaukee plant has asked Milwaukee Area Technical College to stop training salaried and management personnel for production jobs.

As the heat of a fire started raising the temperatures on the computer systems at the Echo Lake Foods plant in Burlington on Jan. 30, technicians at Xenitel, a Waukesha information technology (IT) service company, took quick action to preserve the plant's data.

The Vollrath Co. LLC in Sheboygan is reshoring some of its production from China because it has become less expensive to manufacture one of its products here.

Michael Crowley Jr., chief executive officer of Brown Deer-based Bank Mutual Corp., will retire into a non-executive chairman role on July 1, when Bank Mutual president Dave Baumgarten will become CEO. The company's board selected Baumgarten to join the bank as Crowley's successor in 2010. Since then, he has made quite a few changes at the company. Looking forward, Baumgarten says he plans to focus on making acquisitions. BizTimes Milwaukee reporter Molly Newman recently interviewed Baumgarten. The following are excerpts from that interview.

While current retirees have been able to largely rely on a safety net of Social Security, pensions and, in some cases, retiree health insurance, younger workers will have to take a much more proactive approach in planning their retirement income, according to Rebekah Barsch, vice president of market strategy at Northwestern Mutual Life Insurance Co.

With the Dow Jones Industrial Average reaching new record highs in recent weeks, some financial advisors have revised their outlooks to project a rosier view for the stock market for the rest of the year.

Downtown Milwaukee hotels had a good year in 2012, based on market data from Smith Travel Research Inc. Occupancy rates, room demand and revenue per available room (RevPAR) have improved significantly since the Great Recession and now exceed pre-recession levels.

The Wisconsin Economic Development Corporation certified four Wisconsin companies for Early Stage Business Investment tax credits in late February. EASENET, a sustainable energy start-up venture co-founded by Navy veteran Jeremy Anderson that bases its operations at Bucketworks in Milwaukee's Walker's Point neighborhood, was one of the four recipients.

Many think of their business and personal wealth as one and the same, but in our opinion that is a risky approach to financial planning.