(WisBusiness) FRI News Summary — 1 May 2009

FRI WisBusiness News Summary
1 May 2009
Exclusively for WisBusiness Subscribers



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From WisBusiness.com …

— Gov. Jim Doyle has declared a public health emergency in Wisconsin due to the presence of swine flu in the state.

The governor said Thursday there were two new suspected cases of the swine flu in Wisconsin in addition to the three reported previously. The new cases are young adults living in Ozaukee and Sheboygan counties.

“We are staying on top of it 24 hours a day,” Doyle said.

See the press release: http://wispolitics.com/index.iml?Article=157279

— The UW Board of Regents will meet in Milwaukee next week and is set to discuss a proposed differential tuition level for the UW-Madison campus.

UW-Madison Chancellor Biddy Martin proposed the tuition increase in March.

If approved by the board, the state’s flagship campus would boost in-state undergraduate tuition $250 a year for four straight years beginning in 2010.

The four-year increase would boost tuition rates by $1,000 a year. Out-of-state students would be charged an additional $750 each year, resulting in a $3,000 surcharge after four years.

As part of the proposal, a portion of the new revenue would match private donations for an increase in need-based financial aid. Martin says the new aid would negate the tuition hike for students whose families earn less than $80,000.

— Made possible by a sharp decline in fuel costs, the Public Service Commission of Wisconsin approved a reduction in Wisconsin Electric Power Company’s fuel surcharge. The average residential WEPCO customer using 600 kilowatt-hours (kWh) per month can expect to see their electric bill drop approximately $1.60 per month.

See the press release: http://www.wisbusiness.com/index.iml?Article=157253

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WisBusiness.com Luncheon featuring Tim Cooley, Madison’s New Economic Development Director

MONDAY, MAY 4 at The Madison Club

The next WisBusiness.com Luncheon at the Madison Club, organized by the Madison Club, Madison Magazine, and WisBusiness.com, is slated for Monday May 4 at 11:45 a.m. The guest is Tim Cooley, Madison’s new economic development director.

Learn more about Cooley: http://www.cityofmadison.com/news/view.cfm?news_id=1252

The event is open to the public, and the price for lunch is $19. Call the Madison Club to register at (608) 255-4861. The luncheon starts at 11:45 a.m. and ends at 1 p.m.
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TOP STORIES
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Watertown manufacturer to lay off 51 more workers : Western Industries Engineered Products Group of Watertown will lay off 51 employees and extend the short-term voluntary layoff of four other employees.
http://www.madison.com/wsj/home/biz/449343

Badger Meter to shift work to Mexico: To reduce costs and optimize a new factory, Badger Meter Inc. plans to shift production from its main operations in Brown Deer to a new plant in Mexico.
http://milwaukee.bizjournals.com/milwaukee/stories/2009/05/04/story1.html?b=1241409600^1821040

Doyle Declares Public Health Emergency Over N1N1 Flu: Now that the so-called ‘Swine Influenza A,’ or H1N1 virus, has been found in the state, Governor Jim Doyle has declared a public health emergency in Wisconsin. The action calls for the Department of Health Services to take all necessary and appropriate measures to prevent and respond to the pandemic.
http://www.wisconsinagconnection.com/story-state.php?Id=533&yr=2009

Machine conversion complicates Kimberly’s NewPage mill sale: Big challenges loom as the wheels begin turning for the marketing and sale of the dormant NewPage paper mill.
http://www.thenorthwestern.com/article/20090501/OSH03/305010040/1987

State jobless rate expected to remain sluggish: “By the end of 2009 or the beginning of 2010 we will see our economy much stronger, so (economists) are seeing some kernels of increased confidence and some signs of improvement,” said Roberta Gassman, secretary of the Wisconsin Department of Workforce Development. Gassman spoke Thursday to the Labor Management Council of Northeast Wisconsin at the Radisson Hotel & Conference Center in Ashwaubenon.
http://www.greenbaypressgazette.com/article/20090501/GPG03/905010562/1247/State+jobless+rate+expected+to+remain+sluggish

Alliant turns to layoffs, other cost cutting : Its sales and earnings falling because of the weak economy, Alliant Energy Corp. on Thursday announced layoffs, furloughs and the suspension of contributions to employees’ 401(k) plans in a bid to cut costs.
http://www.jsonline.com/business/44044182.html

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VISIT BIZOPINION FOR BUSINESS-RELATED COMMENTARY

See commentary from around the state and columns from WisBusiness contributors Jennifer Sereno, Kevin McKinley, Tom Burzinski, Gregg Hoffmann, Tom Still and Steve Jagler:
http://blogs.wisbusiness.com/bizopinion

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ECONOMY (back to top)
– Some taxpayers to get rude surprise
http://www.madison.com/tct/business/449458

– Area economy contracted at slower rate in April
http://milwaukee.bizjournals.com/milwaukee/stories/2009/04/27/daily68.html

– Film tax breaks capped at $3 million OK’d
http://hosted.ap.org/dynamic/stories/W/WI_XGR_FILM_INCENTIVES_WIOL-?SITE=WIMAD&SECTION=HOME&TEMPLATE=DEFAULT

– Journal CEO Smith: Some lost revenue may never return
http://milwaukee.bizjournals.com/milwaukee/stories/2009/04/27/daily69.html

– CB Richard Ellis loses $36.7 million
http://milwaukee.bizjournals.com/milwaukee/stories/2009/04/27/daily76.html

– Area industrial economy improved in April, report shows
http://www.jsonline.com/business/44057547.html

MANUFACTURING (back to top)
– Oshkosh Corp. reports $1.2B loss in second quarter
http://www.greenbaypressgazette.com/article/20090501/GPG03/905010565/1247/Oshkosh+Corp.+reports++1.2B+loss+in+second+quarter

– More buried bombs drive demand for armored vehicles with Oshkosh Corp. parts
http://www.thenorthwestern.com/article/20090501/OSH03/90430174

– Military work keeps Oshkosh Corp. rolling
http://www.jsonline.com/business/44045192.html

– Mercury Marine posts $51 million first quarter loss in engine division
http://www.thenorthwestern.com/article/20090430/OSH03/304300138

– Charges push Manitowoc to a first-quarter loss
http://www.jsonline.com/business/44097427.html

LABOR (back to top)
– Four in five employees worried about economy
http://milwaukee.bizjournals.com/milwaukee/stories/2009/04/27/daily75.html

INVESTING (back to top)
– Journal suspends dividend
http://milwaukee.bizjournals.com/milwaukee/stories/2009/04/27/daily73.html

– Two dissenting voices leave Great Wolf board
http://www.madison.com/wsj/home/biz/449363

REAL ESTATE (back to top)
– Down market: Large buildings lose property value; taxpayers to pay
http://milwaukee.bizjournals.com/milwaukee/stories/2009/05/04/story3.html?b=1241409600^1821064

– Wauwatosa business groups support county land sale to UWM
http://milwaukee.bizjournals.com/milwaukee/stories/2009/04/27/daily72.html

– Mortgage rates lowest in at least 39 years
http://milwaukee.bizjournals.com/milwaukee/stories/2009/04/27/daily70.html

– Merchants caught in middle of investors’ lawsuits
http://www.jsonline.com/business/44100987.html

AGRIBUSINESS (back to top)
– State advises tossing some bags of spinach
http://www.leadertelegram.com/story-news.asp?id=BJT5GHNTJN8

– Cross County: ‘Our life has been like a movie’
http://www.madison.com/tct/business/449327

– Eat pork, producers plead
http://www.madison.com/tct/business/449317

TRANSPORTATION (back to top)
– Regional transit authority for Dane County gets state budget committee OK
http://www.madison.com/tct/news/stories/449460

REGULATION (back to top)
– Supporters to cheer for wind siting bill
http://www.jsonline.com/blogs/business/44022787.html

TOURISM (back to top)
– Grafton manufacturer to provide $2 Summerfest admission
http://milwaukee.bizjournals.com/milwaukee/stories/2009/04/27/daily67.html

– Haunted house convention in Milwaukee aims to scare up business
http://www.jsonline.com/business/44103317.html

UTILITIES (back to top)
– Integrys reports $180M loss in first quarter
http://www.greenbaypressgazette.com/article/20090501/GPG03/905010568/1247/Integrys+reports++180M+loss+in+first+quarter

– We Energies gets OK to cut rates
http://www.jsonline.com/business/44103327.html

HEALTH CARE (back to top)
– Merge Healthcare posts profitable quarter
http://www.jsonline.com/business/44045922.html

MANAGEMENT (back to top)
– Pandl to succeed CEO of Hospital Sisters
http://www.greenbaypressgazette.com/article/20090501/GPG03/905010566/1247/Pandl+to+succeed+CEO+of+Hospital+Sisters

– Orion Energy appoints Mark Williamson to board
http://www.jsonline.com/business/44061452.html

PRESS RELEASES (back to top)
· Citizens Utility Board: Supports wind siting reform
· Clean Wisconsin: State legislators introduce bill to eliminate burdensome barriers to wind farm developments
· CREWE: New uniform wind siting rules would benefit Wisconsin
· Customers First! Coalition: Statement in support of wind siting reform
· JG Development, Inc.: Winner of Chrysalis Award
· Kmotion Media: Group from Defunct Pulse Communications launches Kmotion Media
· PSC: Approves decrease in electric rates for WEPCO customers
· Renewegy LLC: Statement re: Wind siting
· Siren Telephone: Launches FTTH deployment with Clearfield
· UW-Madison: Master of engineering in engine systems receives distance-learning award
· UW-Madison: Researcher wins Hartwell Foundation Award
· UW-Madison: Thirty-plus medical inventions debut at undergraduate design competition
· Wind Capital Group: Statement re: Wind siting
· Wisconsin Bankers Association: Misrepresented facts regarding bank lending in Wisconsin
· Wisconsin Bio Industry Alliance: Biodiesel Basics #32 – Rock band Guster tours state using biodiesel
· Wisconsin Petroleum Council: What does Wisconsin do when the Oil Profits Tax proposal has no profits to tax?
· WPPI, MUEW: Wind power development critical to meeting renewable energy standard and foster economic development
· WSCGA: State cranberry growers open marshes to U.S. loon survey

For these and more releases visit http://www.wisbusiness.com/index.iml?Content=82

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