First Business

April 24, 2013

Northwestern Mutual's 33-story tower gains first city endorsement

A $54 million Milwaukee incentive for Northwestern Mutual;;;s planned 33-story, 1.1 million-square-foot downtown office tower gained its first city approval Tuesday.The building will be the largest, although not the tallest, in the state, and the …
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April 24, 2013

See the â;€;˜;Boston Strongâ;€;™; shirts being made in Milwaukee: Slideshow

A small T-shirt design firm on Milwaukee;;;s northwest side is playing a big part in helping Boston residents show off their pride in their city after the Boston Marathon bombings last week.Get an inside look in this special slideshow at the …
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April 24, 2013

Twin Disc posts 3Q loss on 29% sales dip

Twin Disc Inc. reported Tuesday a net loss in its fiscal third quarter as net sales dipped 29 percent on lower demand in the North American oil and gas pressure pumping sector and among European customers.Racine-based Twin Disc (Nasdaq: TWIN), which …
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April 24, 2013

Union calls Caterpillar CEO's salary increase 'shameful and unwarranted'

The United Steelworkers union on Tuesday denounced Caterpillar Inc. CEO Doug Oberhelman;;;s 32 percent compensation increase in 2012 as ;;;shameful and unwarranted.;;;Dow Jones reported that Oberhelman received $22.4 million in compensation last …
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April 23, 2013

See the ‘Boston Strong’ shirts being made in Milwaukee: Slideshow

A small T-shirt design firm on Milwaukees northwest side is playing a big part in helping Boston residents show off their pride in their city after the Boston Marathon bombings last week.Get an inside look in this special slideshow at the thousands …
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April 23, 2013

Arena tax should also support school facilities: Common Ground

Nonprofit social-issues group Common Ground has called for $150 million of any public funding for a new arena in downtown Milwaukee to go to improving athletic facilities at public schools in Milwaukee County.Public-school athletic facilities are in …
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April 23, 2013

Cooper Power Systems shedding 163 Pewaukee jobs, shifting to Mexico

Cooper Power Systems will eliminate 163 jobs in Pewaukee and shift local production of molded rubber products to a facility in Mexico, a company spokesman said Monday.The cuts include 130 hourly production employees and 33 salaried positions, said …
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April 23, 2013

Froedtert receives state approval for new building

Froedtert Hospital has received approval from the state of Wisconsin to proceed with construction on a $117 million building ;;; including the removal of an unmarked cemetery used by Milwaukee County in the early 1900s.A small portion of the site …
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April 23, 2013

Konecranes plans to move operations from Illinois to Pleasant Prairie

Konecranes plans to lease a Pleasant Prairie building to move an assembly operation and up to 40 jobs there from Gurnee, Ill.The international company is seeking approval to lease 45,750 square feet in a Zilber Property Group building at 9505 72nd …
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April 23, 2013

Northwestern Mutual building to be at least 1.1 million square feet

Northwestern Mutual;;;s new downtown office building is to be at least 1.14 million square feet, an increase of about 300,000 square feet over plans unveiled in December, The Business Journal has learned. The larger building will mean the city of …
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April 23, 2013

Northwestern Mutual changes hiring timeline after city discussions

Northwestern Mutual changed its hiring timeline, adding more employees and more years to accomplish the hiring, for its new building after discussions with the city, spokeswoman Betsy Hoylman said.The new employment plan, described in a recent city …
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April 23, 2013

Northwestern Mutual helps refinance Seattle office complex

Northwestern Mutual has helped refinance two high-rise office buildings in Seattle, the company said Monday in a news release.Milwaukee-based Northwestern Mutual funded $200 million of a $400 million loan refinance of Union Square, which includes …
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