(WisBusiness) FRI News Summary — 24 Apr. 2009

From WisBusiness.com …

— Office of Recovery and Reinvestment Chief Gary Wolter kept his day job as MG&E CEO because his brief role in the Doyle Adminstration that began last fall was “to start up” the process to tap into federal recovery funds. Now he’s ready to leave May 8.

“We are at the point now to develop what the structure will be for the next three years. That is for a different set of people than those who set it up initially,” Wolter told the Downtown Madison Breakfast at the Madison Club.

Wolter said high-speed rail and health records digitization may quickly bring a positive impact to the Madison area, in addition to money for Madison schools, city planning, and local road repairs paid with the federal recovery funds.

“I’m sure the Epic people are looking into how that will affect them. Epic is well positioned to capture that share of the market,” he said of the money for health care records.

See more from Wolter: http://www.wisbusiness.com/index.iml?Article=156526

— UW-Stevens Point Chancellor Linda Hunt Bunnell will return to her Denver-based consulting firm after stepping down from her post next month following a series of controversies.

Bunnell has been under fire for her relationship with the school’s private fundraising arm and a February hit-and-run accident she was involved in. She acknowledged ordering several drinks before the accident, but said she drank only one of them.

The Student Senate unanimously approved a resolution expressing no confidence in her leadership after details of the crash came to light.

Bunnell did not give any reasons for her departure in a university-issued statement.

“We can all be proud of our university’s many accomplishments in recent years,” she said. “UW-Stevens Point is now ready and poised to proceed to the next level,” she added.

UW System President Kevin Reilly did not address the problems in a statement but said, “Moving forward, we hope that these diverse stakeholders will unite under a shared commitment to the university and its vital, enduring mission.”

Mark Nook, the campus provost and vice chancellor for Academic Affairs, will serve as interim chancellor starting June 1.

See more: http://www.wisconsin.edu/news/2009/r090423.htm

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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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Press Releases
· Burger Boat Co.: INGOT and Tò-Kalòn nominated for 2009 ShowBoats International Award
· Casting for Recovery, The Hartford: Wisconsin women recovering from breast cancer are invited to attend free weekend retreat to learn how fly fishing can help them heal
· Cooperative Health Choices of Western Wisconsin: Regional health insurance cooperative sets webcast — prospective members can learn more on May 14
· Green Bay SCORE: Guerrilla marketing workshop set for April 30
· Harmann Studios: Photo contest to benefit Humane Society
· MasterGraphics: To support Autodesk assistance program for displaced workers
· New North: Companies named to Fortune 1000 list
· Orion Energy Systems: Unveils state-of-the-art technology center
· Plum Creek: Honored with Wisconsin corporate citizenship award
· Quarles & Brady LLP: Managing partner Bie appointed to board overseeing New York bulk electricity system
· The Selmer Company: Announces LEED accreditation
· UW Family Business Center: Two additions to advisory board of directors
· UW-Madison: Cooperative makes health care accessible to farmers
· UW-Madison: Graduate programs ranked in latest U.S. News and World Report
· Wis. Better Business Bureau: Receives 1,200+ complaints against extended auto warranty company and NASCAR sponsor US Fidelis

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


TOP STORIES
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TRW Automotive will close Ettrick plant : An auto parts plant in western Wisconsin will close and is expected to move some production to Minnesota.
http://hosted.ap.org/dynamic/stories/W/WI_AUTOMOTIVE_CLOSURE_WIOL-?SITE=WIMAD

NewPage retains banking firm Sanabe & Associates to market, sell shuttered Kimberly paper mill: The shuttered NewPage paper mill is for sale. The Miamisburg, Ohio-based papermaker said in a statement Thursday it has retained the banking firm Sanabe & Associates to assist with the marketing and sale of the facility that closed Sept. 8, eliminating nearly 600 jobs.
http://www.postcrescent.com/article/20090423/APC03/90423121/1028

Oshkosh Corp. lands $21 million contracts: Oshkosh Defense, a division of Oshkosh Corp., has received separate orders from the Marine Corps System Command and the Defense Logistics Agency.
http://www.postcrescent.com/article/20090424/APC03/904240419/1028

Opus South files Chapter 11, plans to exit Southeastern U.S. market: Opus South Corp., one of the operating divisions of Minnetonka, Minn.-based Opus Corp., has filed for Chapter 11 bankruptcy protection in U.S. Bankruptcy court in Delaware. It is the first move in Opus Corp.’s decision to exit the Southeastern U.S. market.
http://www.bizjournals.com/milwaukee/stories/2009/04/20/daily74.html

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WISBUSINESS FEATURED COLUMNISTS

GREGG HOFFMANN: Contributor, WisBusiness.com

TOM STILL: President, Wisconsin Technology Council

JENNIFER SERENO: Senior manager, Wood Communications Group

STEVE JAGLER: Executive editor, Small Business Times

TOM BURZINSKI: IT executive and consultant
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TECHNOLOGY (back to top)
– Sensient names new president
http://www.bizjournals.com/milwaukee/stories/2009/04/20/daily72.html

BIOTECH (back to top)
– Roche Madison enjoys greatly expanded quarters
http://www.madison.com/wsj/home/biz/448362

ECONOMY (back to top)
– Wausau’s jobless rate tops 12 percent; Great Dane brew pub to hire about 120
http://www.wausaudailyherald.com/article/20090423/CWS03/304230044/-1/WDH03

– Globe University to open in July in Middleton
http://www.madison.com/wsj/home/biz/448178

– UW MBA program up a notch in rankings
http://www.bizjournals.com/milwaukee/stories/2009/04/20/daily71.html

– Journal completes Boise TV buy
http://www.bizjournals.com/milwaukee/stories/2009/04/20/daily75.html

– Big MPS tax increase likely
http://www.jsonline.com/news/education/43600362.html

LABOR (back to top)
– Strike averted: Union, DoorSystems reach agreement
http://www.wausaudailyherald.com/article/20090423/CWS03/304230047/-1/WDH03

– Parents’ job loss teaches hard lessons
http://www.jsonline.com/business/43600572.html

REAL ESTATE (back to top)
– University School moves ahead with $20M project
http://www.bizjournals.com/milwaukee/stories/2009/04/20/daily70.html

– Developers team up for affordable housing projects on north side
http://www.jsonline.com/business/43599882.html

REGULATION (back to top)
– University Club Tower contractors hit with lawsuit
http://www.jsonline.com/business/43597912.html

FINANCIAL SERVICES (back to top)
– TCF beats estimates, but stock falls
http://www.bizjournals.com/milwaukee/stories/2009/04/20/daily73.html

– M&I posts loss of $117 million
http://www.madison.com/wsj/home/biz/448283

– Wisconsin’s college savings plans scrutinized
http://www.jsonline.com/business/43549007.html

MANAGEMENT (back to top)
– Associated chairman Beideman’s compensation questioned
http://www.greenbaypressgazette.com/article/20090423/GPG03/904230624/1247

– Area CEO pay takes big hit
http://www.bizjournals.com/milwaukee/stories/2009/04/27/story1.html?b=1240804800^1816892

Media Partners
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Madison Magazine
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National Business Roundups ( back to top)
–YAHOO FINANCE: http://finance.yahoo.com/
–CNBC BUSINESS NEWS: http://www.cnbc.com
–ABC BUSINESS NEWS: http://abcnews.go.com/sections/business/
–GOOGLE NEWS: http://news.google.com/news/en/us/business.html

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