— Attorney General J.B. Van Hollen says Bank of America will begin notifying Wisconsin borrowers who may be eligible for payments under a settlement agreement involving Wisconsin and 39 other states. The foreclosure relief program involves loans originated by Countrywide Financial, which was purchased by Bank of America in 2008. The settlement means up to $150 million nationally to provide assistance for certain borrowers who experienced a foreclosure or short sale on their Countrywide mortgage. — GE Oil & Gas filed notice of 93 permanent layoffs in Oshkosh. The layoffs are to occur in September. — Probuild North LLC filed notice of its intent to close a facility in Racine, affecting 42 employees. The first layoffs are expected to occur on July 22 and continue through Sept. 20. TOP STORIES Madison listed among best ‘startup-friendly cities’ : Entrepreneur Magazine has named Madison one of the nation’s top 10 cities for entrepreneurs. UW Hospital warns 53 patients about possible exposure to fatal brain disease : UW Hospital has told 53 patients they face an “extremely low” risk of contracting a rare but deadly brain disorder because they may have been operated on with contaminated surgical instruments. State’s minimum-wage workers to get raise: An estimated 196,000 Wisconsin workers will get a raise Friday when the federal minimum wage goes up to $7.25 an hour.
************************************************************ See commentary from around the state and columns from WisBusiness contributors Jennifer Sereno, Kevin McKinley, Tom Burzinski, Gregg Hoffmann, Tom Still and Steve Jagler: ************************************************************ TECHNOLOGY (back to top)
MANUFACTURING (back to top) – Miller Electric Manufacturing Co. parent Illinois Tool Works reports income drop – Brothers charged in Patrick Cudahy fire
LABOR (back to top)
INVESTING (back to top) – Manitowoc Co. to have results for 2nd quarter – CNH Global reports 2Q declines – Cooper 2Q net income drops 45% – Sigma-Aldrich income, sales down – Ball Corp. earnings rise for quarter – Manpower reports second quarter drop in earnings – Marcus ends fiscal year with profit – Bucyrus earnings up 32% on equipment, parts sales – Metavante sees profits jump by 41%
REAL ESTATE (back to top) – Midwest home sales post 3 percent gain
AGRIBUSINESS (back to top) – Cross Country: Farm Technology Days helps farmers look to future with eye on past
RETAIL (back to top)
REGULATION (back to top) – Carter Consulting liquidation approved
TOURISM (back to top)
UTILITIES (back to top) – Court ruling rebuffs Dane County on power-line permits
HEALTH CARE (back to top) – ProHealth Care closing treatment center
FINANCIAL SERVICES (back to top)
MANAGEMENT (back to top) PRESS RELEASES (back to top) For these and more releases visit http://www.wisbusiness.com/index.iml?Content=82 |
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