November 20, 2011

MLG plans 300-acre business park in Sussex

MLG Development Inc. is negotiating to get funding from the village of Sussex to support development of a roughly 300-acre business park, which would be the companys third in the community.For 30 years now, its continued to demonstrate its draw for …
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November 18, 2011

Manitowoc foundry plans $7.5M expansion

Wisconsin Aluminum Foundry Co. Inc. will invest $7.5 million to expand and equip its plant in Manitowoc in a project expected to create up to 43 new jobs.The company, which produces non-ferrous castings, is eligible for up to $210,000 in economic …
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November 18, 2011

Fitch downgrades Bon-Ton to negative

Fitch Ratings has downgraded The Bon-Ton Stores Inc.s rating to negative in light of disappointing third-quarter results.Fitch now rates the company, based in Milwaukee and York, Pa., at B-, down from a B, reflecting the significant refinancing risk …
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November 18, 2011

Wisconsin Teamster loses to Hoffa

International Brotherhood of Teamsters general president James Hoffa was re-elected to his post by a wide margin by the 1.4 million-member union, beating out two challengers that included Fred Gegare, Teamsters vice president at-large and president …
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November 18, 2011

Task force offers ideas to improve Milwaukee's image

A task force created to improve Milwaukees image nationwide suggests the community make better use of the Milwaukee mark logo, create a centralized community calendar and create a Milwaukee image video, among other things.The task force, made of …
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November 18, 2011

Fiserv co-founder George Dalton dies

Fiserv Inc. co-founder George Dalton, who had been ill for a number of months, died the night of Nov. 17, according to a posting by his family on the CaringBridge website.Dalton, 83, retired from Brookfield-based Fiserv in 2000 and was succeeded by …
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November 18, 2011

Brady earnings up 24 percent

Brady Corp. reported higher earnings for the fiscal first quarter of 2012 on sales growth and efficiency improvements.Net income for the quarter ended Oct. 31 increased 24 percent to $32.7 million, or 62 cents per share, compared with $26.3 million, …
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November 18, 2011

Port essential to region’s vitality, officials claim

The Port of Milwaukee is a vital entity for the economic health of the region, according to port officials who are touting the results of a new economic impact analysis.The study showed that the port is responsible for 620 direct jobs and $145 …
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November 18, 2011

Don't hold your breath on Tim Sullivan candidacy

If you were waiting for former Bucyrus International CEO Tim Sullivan to throw his hat into the ring for Wisconsin governor or for U.S. Senate your wait likely is over.Sullivan told me this week, as I report in The Business Journal print edition …
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November 18, 2011

Northwestern Mutual funds California mall

Northwestern Mutual Real Estate Investments and Prudential Mortgage Capital Co. provided a $200 million loan for The Macerich Company, a Santa Monica, Calif.-based real estate investment trust.The loan, which is for seven years at a fixed rate, is …
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November 18, 2011

Ferrellgas buys Polar Gas Co. of Wisconsin

Ferrellgas Partners LP has acquired Polar Gas Co., a northern Wisconsin propane retailer.Overland Park, Kan.-based Ferrellgas (NYSE: FGP) said the deal adds 4,000 new customers and strengthens its hold on a key cold-weather market. The company did …
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November 17, 2011

Meet the new owner of Kuttemperoor's 'palace'

The new owner of prominent developer Vincent Kuttemperoors never-finished 24,000 square-foot Brookfield "palace" is another East Indian Milwaukee-area entrepreneur Bachan Singh.I visited with Singh and members of his family this week at the house …
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