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— Real gross domestic product decreased at an annual rate of 1 percent in the second quarter of 2009, according to today’s advance estimate. That’s better than expectations and follows a decrease of 6.4 percent in the first quarter. See more below in TOP STORIES — Wisconsin’s $13 billion dollar tourism industry may be in a slump, but an economics professor says that isn’t surprising considering the overall down economy. UW-Madison’s Steve Deller researches how the state’s changing economy is affecting rural Wisconsin. He says tourists are still vacationing in the Badger State, though they may be shortening their stays and cutting spending. He predicts it may take a year or two to see people feeling good about spending more freely. But when the recession is truly over, visitors will come more often, stay longer and buy more souvenirs. See more in a new WisBusiness interview with Deller: http://www.wisbusiness.com/index.iml?Article=165923 TOP STORIES Southwest prepares $113.6 million bid for Frontier Airlines: Southwest Airlines Co. said Thursday it intends to submit a $113.6 million to buy Frontier Airlines, which already has a suitor in Republic Airways. Oshkosh Corp. ships out initial M-ATVs: Oshkosh Corp. is ramping up fast to supply 2,244 mine-resistant, ambush-protected, all-terrain vehicles, or M-ATVs, to troops in Afghanistan even as indications show an even bigger order is in the wings, the company said Thursday. Doyle: New Chrysler owner won’t buy Kenosha plant: Gov. Jim Doyle says Fiat is unlikely to exercise its option to buy the Chrysler car-engine plant in Kenosha. We Energies fined for explosion at coal-fired plant: Federal safety officials fined a Wisconsin utility and its contractor more than $300,000 on Thursday, six months after an explosion at the utility’s power plant that injured eight.
************************************************************ 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) – Sonic Foundry reports net loss for consecutive quarter
BIOTECH (back to top)
ECONOMY (back to top) – Milwaukee-area economy declines in July – No cash left for clunkers
MANUFACTURING (back to top) – Merc Marine parent company reports 52 percent drop – Mercury Marine sales plunge 43 percent
LABOR (back to top) – Thrivent Financial for Lutherans listed among top firms for women – Double-digit unemployment hits 41 markets – Group awarded $1M to train older workers
REAL ESTATE (back to top) – 2Q industrial vacancy rate rises to 8.1%
AGRIBUSINESS (back to top)
TRANSPORTATION (back to top)
REGULATION (back to top)
UTILITIES (back to top)
HEALTH CARE (back to top)
MANAGEMENT (back to top) – Payne leaving Bradley Center board – Packers hire former Brewers finance executive PRESS RELEASES (back to top) For these and more releases visit http://www.wisbusiness.com/index.iml?Content=82 |
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