First Business

April 23, 2012

MGIC narrows first-quarter loss

MGIC Investment Corp. reported a net loss of $19.6 million, or 10 cents per share, in its first quarter compared with a net loss of $33.7 million, or 17 cents per share, a year earlier.The Milwaukee-based private mortgage insurers (NYSE: MTG) …
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April 22, 2012

Slideshow: Real Estate Awards draws heavy hitters

Nearly 400 Milwaukee-area business executives packed a ballroom at the Hilton Milwaukee City Center on Friday for The Business Journal's Real Estate Awards.The event honored 17 projects completed in 2011 that are impacting southeast Wisconsin, …
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April 22, 2012

Zilber buys four large industrial buildings in three cities

Zilber Property Group bought four fully leased industrial buildings in southeast Wisconsin in a more than $29 million deal that closed April 18.The investment purchase from Clarion Partners, New York City, includes a combined 606,900 square feet of …
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April 20, 2012

Ashley Furniture picks North Carolina for factory

Wisconsin furniture manufacturer Ashley Furniture announced Friday it has selected a 640-acre site in North Carolina near Advance in Davie County for its new mid-Atlantic manufacturing and distribution facility.The announcement, made at the …
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April 20, 2012

NM sells Russell Investments Center for $480M

Northwestern Mutual said it sold the Russell Investments Center in Seattle to CommonWealth Partners for $480 million.The Milwaukee-based financial services firm, which owns Russell Investments, said Friday the transaction was believed to be the …
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April 20, 2012

Business decisions on hold till after Walker recall

At Business Journal CEO roundtables, we usually start out by asking the guests what is the biggest issue facing their business and somewhat to our surprise at a roundtable this week one of the top issues was the Scott Walker recall election.The …
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April 20, 2012

Top of the List - Accounting firms

The Business Journals Top 25 list this week features the Milwaukee areas largest accounting firms.Based on the number of certified public accountants in the local seven-county area, Deloitte is ranked first.The list also includes the number of …
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April 20, 2012

ManpowerGroup sees jump in profit

ManpowerGroup reported that first-quarter net earnings rose to $40.2 million, or 50 cents per share, compared with net earnings of $35.7 million, or 43 cents per share, a year earlier.Revenue for the first quarter was $5.1 billion, about flat with …
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April 20, 2012

Johnson Controls sales miss consensus

Johnson Controls Inc. reported Friday that one-time items nudged fiscal second-quarter net income up by 2.8 percent, but sales missed analysts' expectations.The company reported net income of $364 million, or 53 cents per share, for the quarter, up …
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April 20, 2012

Kimberly-Clark reports profit increase

Kimberly-Clark Corp. reported that first quarter net income rose 31 percent to $487 million, or $1.18 per share, from $372 million, or 86 cents, a year earlier.Revenue for the Irving, Texas-based manufacturer of Huggies diapers and Kleenex tissues …
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April 20, 2012

GE Healthcare 1Q profit up 10%

General Electric Co. reported Friday that first-quarter operating income for the GE Healthcare unit increased 10 percent to $585 million from $531 million the year before.Revenue for the London-based GE Healthcare unit, which has major operations …
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April 20, 2012

A.O. Smith reports jump in earnings

A. O. Smith Corp. reported first-quarter net income of $47.5 million, or $1.02 per share, compared with $41 million, or 88 cents per share, for the same period last year. The results marked a 16 percent boost in profit.Revenue for the quarter rose …
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