Industries
Gorman & Company plans apartment building at Pabst brewery
Oregon, Wis.-based Gorman & Company Inc. is in the early stages of planning a fourth development at the former Pabst brewery in downtown Milwaukee. The company is working on plans to build a 100-unit market rate apartment building northeast of Juneau Avenue and North 9th Street, said Gorman & Company chief executive officer Gary Gorman.
Region’s employers’ health care costs still rising
In 2011, self-funded member employers in the Business Health Care Group (BHCG) experienced a 6.2-percent increase in employee medical costs compared with 2010.
Losses mounting at Quad/Graphics
Sussex-based Quad/Graphics Inc. reported a second quarter net loss of $20.8 million, or 44 cents per share, compared with a net loss of $10.2 million, or 31 cents per share, in the same period a year ago.
Strattec caps strong fiscal year
Milwaukee-based Strattec Security Corp. reported fiscal fourth quarter net income of $3.2 million, or 97 cents per share, up from $2.7 million, or 81 cents per share, in the same period a year ago.
Magnetek’s profits rise
Menomonee Falls-based Magnetek Inc. reported second quarter net income of $3.2 million, or 99 cents per share, up from $1.2 million, or 37 cents per share, in the same period a year ago.
Drought takes toll on Briggs & Stratton
Milwaukee-based Briggs & Stratton Corp. reported a fiscal fourth quarter net loss of $8.4 million, or 18 cents per share, which was an improvement over a net loss of $17.8 million, or 36 cents per share, in the same period a year ago.
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Kohl’s earnings dip
Kohl's Corp. reported second quarter net income of $240 million, or $1.00 per share, down from $299 million, or $1.08 per share, in the same period a year ago.
IMS earnings grow
New Berlin-based International Monetary Systems Ltd. reported second quarter net income of $98,647, up from $77,196 in the same period a year ago.
Rockwell acquires Chinese manufacturer
Milwaukee-based Rockwell Automation Inc. announced it has agreed to purchase the assets of the medium voltage drives business of Harbin Jiuzhou Electric Co. Ltd. of China for $83 million.
Wisconsin credit unions are thriving
Wisconsin credit unions grew net income by 83 percent in the first six months of 2012, compared with the same period last year, according to data compiled by the Wisconsin Department of Financial Institutions (DFI).
