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Johnson Controls caps record quarter
Johnson Controls Inc. reported record fiscal fourth quarter net income of $538 million, or 78 cents per share, up from $449 million, or 66 cents per share, in the same period a year ago.
Modine’s revival picks up speed
Racine-based Modine Manufacturing Inc. reported fiscal second quarter net earnings of $1.4 million, or 3 cents per share, compared to a net loss of $16.7 million, or 36 cents per share, in the same period a year ago.
Magnetek receives conditional IRS approval of pension funding waiver
Menomonee Falls-based Magnetek Inc. announced that it has received conditional approval of its request for a waiver of the minimum funding requirements of the company’s defined benefit pension plan for the 2011 plan year.
Northwestern Mutual to pay nearly $5 billion in dividends
The Board of Trustees for Milwaukee-based Northwestern Mutual Life Insurance Co. has approved a dividend payout of nearly $5 billion for participating policy owners for 2012, an increase of more than $125 million over its expected 2011 payout. It will be the second-largest payout in the company’s history.
Jarecki joins The PrivateBank
PrivateBancorp Inc. announced that Jeff Jarecki has joined The PrivateBank as managing director of regional commercial banking in the Milwaukee office.
Joy Global completes sale of drilling products business for $375 million
Milwaukee-based Joy Global Inc. announced that it has the sale of the drilling products business of its Houston-based LeTourneau Technologies Inc. business to Houston-based Cameron International Corp. for $375 million.
Zywave to purchase Canadian firm
Wauwatosa-based Zywave Inc. plans to purchase Winnipeg, Manitoba-based Emerging Information Systems Inc., a provider of needs analysis and financial planning software tools.
Bank Transfer Day to be held Nov. 5
A national social media campaign with more than 32,000 “likes” and almost 70,000 attendees on Facebook aims to get consumers to switch from commercial banks to credit unions.
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State grant to help train 45 welders
Milwaukee contract manufacturer Super Steel LLC has teamed up with Milwaukee Area Technical College and staffing agency Aerotek to attain a grant for training new welders.
Harley recalls 308,000 motorcycles
Harley-Davidson Inc. is recalling about 308,000 motorcycles to fix a switch problem that can cause failure of the brake lights and possibly even the rear brakes themselves.
Another Spanish company to establish Milwaukee operations
Inesa LLC will establish its flagship North American operation in Milwaukee’s Menomonee Valley, Milwaukee 7 and city officials announced.
Johnson Controls caps record quarter
Johnson Controls Inc. reported record fiscal fourth quarter net income of $538 million, or 78 cents per share, up from $449 million, or 66 cents per share, in the same period a year ago.
