Wisconsin Business News

State could lose millions in stem cell research funding
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Wisconsin researchers and biotechnology companies stand to lose millions of dollars a year in federal funding for promising stem cell research because of a federal judge's ruling, Gov. Jim Doyle and university officials said Tuesday.

Walker's Point Association takes no position on proposed strip club
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The group's board decided to remain neutral because there are supporters and opponents of the proposed club among the association's members, said Ursula Twombly, association president.

ZBB Energy says annual loss widens
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ZBB Energy Corp. said Tuesday total sales rose almost 34% in the fiscal year that ended June 30, but its loss widened as the company invested in new product development and a new strategic plan.

Froedtert completes purchase of 6 ProHealth clinics
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Froedtert Health has completed its purchase from ProHealth Care of the medical practices of about 50 doctors in Menomonee Falls, Germantown and Hartford.

AnchorBank continues recovery
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The parent of Madison-based AnchorBank is again considered"adequately capitalized" and has gotten conditional approval of its capital restoration plan from its primary federal regulator, the firm said Tuesday.

Harley contract could eliminate at least 200 jobs
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Harley-Davidson Inc. could eliminate hundreds of jobs at its engine factory in Menomonee Falls even if union workers ratify a seven-year labor agreement meant to keep the work in the Milwaukee area.

Franklin Fueling acquires U.K.-based PetroTechnik
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Franklin Fueling Systems, a Madison manufacturer of petroleum equipment, said Tuesday it has acquired PetroTechnik Limited for an undisclosed amount of cash.

Companies slowly restore slashed pay
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Slowly and fitfully, companies have been restoring pay and benefit cuts made in the depths of the worst recession since the 1930s. The actions appear to be widespread enough to constitute a trend, but they're not universal, and they offer scant cause for celebration.

State pushed for Foley before bids
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A state agency asked for permission to hire Milwaukee-based law firm Foley& Lardner for what has turned out to be a multimillion-dollar contract before interviewing either Foley or a competing law firm, newly released records show.

Tainted wells anger residents
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Dozens of private wells near the Oak Creek coal-fired power plant have elevated levels of a metal called molybdenum, and We Energies is providing some homeowners in the area with bottled water for drinking and cooking.

Crowded coolers create challenges for MillerCoors
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Two years ago, Tom Long was named president and chief commercial officer of MillerCoors LLC. Long recently spent some time talking about ways to improve sales of Coors Light and Miller Lite, the importance of Leinenkugel's in the MillerCoors portfolio and other issues.

Glacial recovery stirs debate
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Though the glacial pace of recovery in the jobs market roughly corresponds to that following the 1990 recession, the seeming intractable nature of the problem has unleashed a debate among economists about whether the issue is cyclical or structural.

Need to replace aging trucking fleet could benefit certain stocks
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Sure, places such as China, India and Brazil may offer broader growth opportunities. But there still are pockets of strength and pent-up demand in the U.S., said Adam Longlais, a Green Bay investment analyst.

Awards In Business
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Manufacturing

New Faces, New Places for Sept. 6
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Communication

Business Calendar
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Tuesday

Business in Wisconsin
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Construction

Bottom Line
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Looking ahead

Divorce in L.A. puts proposed sports complex in limbo
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The future of a proposed $30 million youth sports in Juneau County is uncertain because of a pending divorce case thousands of miles away in Los Angeles.

Business Index
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