Industries

Developer Bob Felker plans to build a five-story, 60-unit apartment building at the southeast corner of Wisconsin Avenue and Worthington Street in downtown Oconomowoc.

The Moderne, a 30-story tower at the southwest corner of Juneau Avenue and Old World Third Street, is the latest addition to the downtown Milwaukee skyline.

Executives with Grand Rapids, Mich.-based Meijer Inc. continue to work on plans for a major entry into southeastern Wisconsin.
The company, which has about 200 big box grocery and general merchandise stores in the Midwest, has already submitted plans for stores in Franklin, Wauwatosa, Grafton and Sussex.

Waukesha State Bank announced it plans to open a new full-service bank branch and office at 14000 W. National Ave. in New Berlin.

Racine-based Twin Disc Inc. reported fiscal first quarter net earnings of $1.3 million, or 11 cents per share down from record earnings of $9.6 million, or 83 cents per share, in the same period a year ago.

Journal Broadcast Group, Inc., a subsidiary of Journal Communications Inc., announced it has closed on the purchase of WACY-TV in Green Bay for $2.038 million from ACE TV Inc.

Chief executive officers at more than 80 major U.S. corporations have released a statement to pressure Congress to reduce the federal deficit with tax increases and spending cuts.

Buoyed by a barrage of paid political campaign television commercials, Milwaukee-based Journal Communications Inc. reported third quarter net earnings of $7.7 million, or 14 cents per share, up from $4.4 million, or 7 cents per share, in the same period a year ago.

Koss Corp., the Milwaukee-based high-fidelity headphone company, reported fiscal first quarter net income of $366,153, or 5 cents per share, up from $280,597, or 4 cents per share, in the same period a year ago.

The U.S. economy sped up in the third quarter, as the gross domestic product grew at a 2 percent clip from July through September, up from 1.3 percent in the second quarter, according to the Commerce Department.