(WisBusiness) MON News Summary — 13 July 2009

MON WisBusiness News Summary
13 July 2009
Exclusively for WisBusiness Subscribers



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From WisBusiness.com …

— UW-Madison reports that a new, highly detailed study of the H1N1 flu virus shows the pathogen is more virulent than previously thought.

Writing in a fast-tracked report published today (July 13, 2009) in the journal Nature, an international team of researchers led by University of Wisconsin-Madison virologist Yoshihiro Kawaoka provides a detailed portrait of the pandemic virus and its pathogenic qualities.

The H1N1 virus exhibits an ability to infect cells deep in the lungs, where it can cause pneumonia and, in severe cases, death. Seasonal viruses typically infect only cells in the upper respiratory system.

“There is a misunderstanding about this virus,” says Kawaoka, a professor of pathobiological sciences at the UW-Madison School of Veterinary Medicine and a leading authority on influenza. “People think this pathogen may be similar to seasonal influenza. This study shows that is not the case. There is clear evidence the virus is different than seasonal influenza.”

See the UW-Madison release: http://www.wisbusiness.com/index.iml?Article=164263

— Both the Dow Jones and the WisBusiness index of Wisconsin stocks open the week below their starting points from a week ago.

The Dow opens at 8,146, down from last week’s open of 8,280.

And the WisBusiness index of 70 state stocks opens at 1,417, down 30 points from last week’s open.

This week wil see quarterly earnings releases from seven state companies.

Thursday releases are due from Harley-Davidson, Associated Banc-Corp., Renaissance Learning, private mortgage insurer MGIC and manufacturer Badger Meter. Friday will see releases from M&I Bank and manufacturer A.O. Smith.

See the WisBusiness Stock Tracker for more on the WisBusiness stock index: http://www.wisbusiness.com/index.iml?Article=140042

— A new report from a conservative state group says Wisconsin’s economic growth is lagging behind Midwestern neighbors like Minnesota and Illinois thanks to below-average wages and below-average job growth.

The Wisconsin Policy Research Institute says the state needs more focus and an overarching strategy to grow the economy and address a trend of upper-income workers leaving the state. The report says Wisconsin ranks 47th in a five-year comparison of personal income growth and 43rd in change in state gross domestic product since 2000.

See the report: http://www.wpri.org/WIInterest/Vol18No2/Hefty-Torinus18.2.html

— Fish farmers hit with high feed costs last year may be able to recoup some of their losses under a new federal recovery program, but they need to act by July 31.

The American Recovery and Reinvestment Act of 2009 allocated $50 million to aquaculture producers, including more than $27,000 to those in Wisconsin. To qualify, they must have paid at least 25 percent more for feed in 2008 than the previous five-year average.

See details: http://www.wisbusiness.com/index.iml?Article=164190

TOP STORIES
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Doyle clears $8M in Mitchell Airport projects: Wisconsin Gov.Jim Doyle has approved $8 million in funding for construction and improvement projects at General Mitchell International Airport in Milwaukee.
http://milwaukee.bizjournals.com/milwaukee/stories/2009/07/06/daily80.html

Wisconsin shipyards receive federal grants: Bay Shipbuilding Co. of Sturgeon Bay and Marinette Marine Co. of Marinette have received a total of $4.3 million in federal funding for capital and infrastructure work on their shipyards.
http://milwaukee.bizjournals.com/milwaukee/stories/2009/07/06/daily78.html

Local firm to build $26.9M spine center at VA: C3T Construction Co. of Milwaukee has been awarded a $26.9 million contract to design and build a free-standing spinal cord injury center at the Clement J. Zablocki VA Medical Center in Milwaukee.
http://milwaukee.bizjournals.com/milwaukee/stories/2009/07/06/daily84.html

Paper converter Pacon Corp. stays busy: Paper converter Pacon Corp. is up and running on a brisk summer schedule, having recently completed a plant closure in Iowa.
http://www.thenorthwestern.com/article/20090712/OSH03/907120342

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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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TECHNOLOGY (back to top)
– Cleaning up: Laundry firm looks to grow with new product
http://milwaukee.bizjournals.com/milwaukee/stories/2009/07/13/smallb1.html?b=1247457600^1859015

– Battery innovation thrives in area
http://www.jsonline.com/business/50509017.html

ECONOMY (back to top)
– Municipalities consider more layoffs, extending furloughs
\http://www.jsonline.com/news/waukesha/50588487.html

MANUFACTURING (back to top)
– Patrick Cudahy fire brought out heroes who saved lives and business
http://www.jsonline.com/news/milwaukee/50548042.html

– For GM suppliers, struggles remain
http://www.jsonline.com/business/50505737.html

– Metal-product manufacturers expect uptick in activity
http://www.jsonline.com/business/50476152.html

LABOR (back to top)
– Oshkosh Corp. job fair draws thousands
http://www.thenorthwestern.com/article/20090713/OSH0101/307130050/

– Rasmussen College’s Wausau campus gains certification
http://www.wausaudailyherald.com/article/20090713/CWS03/307130053/-1/WDH03/

– Study: Few PR managers, lawyers unemployed
http://milwaukee.bizjournals.com/milwaukee/stories/2009/07/06/daily81.html

SMALL BUSINESS (back to top)
– John Gard to be advocate for small, medium businesses
http://www.greenbaypressgazette.com/article/20090712/GPG03/907120645

INVESTING (back to top)
– Fund disposes portion of MGIC interest
http://milwaukee.bizjournals.com/milwaukee/stories/2009/07/06/daily82.html

– Wisco Research zeros in on state, consumer stocks
http://www.jsonline.com/business/50586097.html

REAL ESTATE (back to top)
– De Pere is making master plan for renovated district
http://www.greenbaypressgazette.com/article/20090713/GPG0101/907130532&referrer=FRONTPAGECAROUSEL

– Short circuit: Struggling homeowners opt for alternative in order to avoid foreclosure
http://www.madison.com/wsj/home/biz/457966

– Short sales not only hard on homeowners
http://www.madison.com/wsj/home/biz/457967

– Lenders abandoning foreclosed properties
http://www.jsonline.com/watchdog/watchdogreports/50548282.html

AGRIBUSINESS (back to top)
– Wisconsin Still Tops Nation in Mink Pelt Output
http://www.wisconsinagconnection.com/story-state.php?Id=828&yr=2009

– Portage County hits the sweet spot with cranberry industry
http://www.wausaudailyherald.com/article/20090713/CWS03/307130052/-1/WDH03/

TRANSPORTATION (back to top)
– Safety a priority for trucking industry
http://www.greenbaypressgazette.com/article/20090712/GPG03/907120644

RETAIL (back to top)
– Executive Q&A – John Hutchinson: State Street surviving tough times, Fontana owner says
http://www.madison.com/wsj/home/biz/457965

UTILITIES (back to top)
– Expert steam plant help comes at a high cost for Menasha Utilities
http://www.postcrescent.com/article/20090713/APC0101/907130487/1979

HEALTH CARE (back to top)
– Wisconsin eligible for $6.4M in HHS funds
http://milwaukee.bizjournals.com/milwaukee/stories/2009/07/06/daily83.html

– Study: BadgerCare Plus improving access to health insurance
http://milwaukee.bizjournals.com/milwaukee/stories/2009/07/06/daily77.html

MANAGEMENT (back to top)
– Darwin Copeman, new CEO of Jewelers Mutual Insurance Co., ready to take reins
http://www.postcrescent.com/article/20090712/APC03/907120501

PRESS RELEASES (back to top)
· Coalition for Advancing Transit: Statement on the impact of the Wisconsin State Budget on regional transit issues
· Cornucopia Institute: Organic dairy farmers to rally July 16, meet with USDA Secretary Vilsack
· Dept. of Agriculture, Trade and Consumer Protection: Stimulus funds offered to fish farmers for high feed costs in 2008; Applications due July 31
· Dept. of Commerce: License now required for LPG distributors and retailers
· GE Healthcare: Beloit Memorial Hospital selects GE Healthcare’s Optima XR640 Digital Radiographic System for emergency department expansion
· Greater Milwaukee Association of Realtors: June real estate sales up 3.6%
· InfoCor: D.C. show could put Wisconsin technology product in schools, agencies nationwide
· MMAC: Business outlook survey: Third-quarter, 2009
· Savant Capital Management: To host financial seminar in partnership with Edgewood College
· U.S. Dept. of Energy: Obama administration delivers more than $56 million for weatherization programs in Wisconsin
· U.S. Sen. Nelson: Statement on VitalMedix move to Wisconsin
· Sen. Jauch: Applauds natural resource protections

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

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