(WisBusiness) MON News Summary — 18 May 2009

MON WisBusiness News Summary
18 May 2009
Exclusively for WisBusiness Subscribers



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From WisBusiness.com …

— Wisconsin will be sending a significantly smaller contingent to this year’s BIO conference, which runs today through Thursday in Atlanta.

Last year, when the annual gathering of global biotech companies, researchers and leaders was held in San Diego, 54 Badger State companies and institutions attended. For 2009, that figure has fallen to 31.

Mickey Judkins, who is coordinating the state effort for the Wisconsin Commerce Department, said state spending is also down, dropping from more than $200,000 last year to an estimated $180,000 this year.

See more on Wisconsin’s presence at the BIO International Conference: http://www.wisbusiness.com/index.Iml?Article=158850

Follow Wisconsin-related news from the convention at the BIO Blog: http://blogs.wisbusiness.com/bio/

— Wisconsin’s international trade picture could be trending upward, based on reports from several Wisconsin Department of Commerce international trade reps.

Meeting with the Madison International Trade Association on Friday, trade reps from Brazil, China, Canada and Mexico offered upbeat scenarios for Wisconsin manufacturers with ties to those markets.

Read about the trade reps’ outlooks: http://www.wisbusiness.com/index.Iml?Article=158850

— Both the Dow Jones Industrial Average and Wisconsin stocks as measured by the WisBusiness.com Stock Tracker start the week down from where they started a week ago.

The Dow opened today at 8,268, off more than 300 points from its opening of 8,575 a week ago. And the WisBusiness portfolio of 70 companies with substantial operations in Wisconsin opened at 1,400, down more than 100 points from its open of 1,507 last week.

Three companies in the WisBusiness index will have earnings reports this week: Brady Corp. on Wednesday then Bon-Ton stores and The Toro Company on Thursday.

See more company and stock market news at the WisBusiness Stock Tracker page: http://www.wisbusiness.com/index.iml?Article=140042

TOP STORIES
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Doyle to sign smoking ban Monday: The ban, which will become law in July 2010, will ban smoking in restaurants, bars and other businesses.
http://milwaukee.bizjournals.com/milwaukee/stories/2009/05/11/daily79.html

Manitowoc-based Koenig & Vits closes plant: An executive with Manitowoc-based Koenig & Vits says the aluminum supplier has suspended operations indefinitely.
http://www.greenbaypressgazette.com/article/20090516/GPG03/905160540/1247/Manitowoc-based+Koenig+&+Vits+closes+plant

CNI trims 19 workers: Community Now publications Friday consolidated its print and online operations and fired 19 employees.
http://milwaukee.bizjournals.com/milwaukee/stories/2009/05/11/daily82.html

‘It softens the blow’: Diversification of economy gives post-GM Janesville hope : It’s not as if it’s ever a good time for a city built on manufacturing to lose its historic anchor. The now-shuttered General Motors plant in Janesville was always a major employer — right up to when all production ceased April 23 and the final 1,200-plus people lost their jobs. The oldest GM plant in North America, it was a storied, steady presence in town, local officials said, for nearly 100 years.
http://www.madison.com/wsj/home/biz/451397

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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)
– Tufco reports 2nd-quarter loss of 15 cents per share
http://www.greenbaypressgazette.com/article/20090516/GPG03/905160537/1247/Tufco+reports+2nd-quarter+loss+of+15+cents+per+share

– Propel Wisconsin chosen as BizSpark partner
http://milwaukee.bizjournals.com/milwaukee/stories/2009/05/11/daily80.html

– West Allis IT entrepreneur opens branch in Palestinian territory
http://www.jsonline.com/business/45265287.html

ECONOMY (back to top)
– Fox Valley marina owners innovate to keep their shops afloat
http://www.postcrescent.com/article/20090518/APC0101/905180459/1979

– Slumping economy fuels gambling concerns
http://www.greenbaypressgazette.com/article/20090518/GPG0101/905180535/1978

– Employers driving down pay, benefits as competition for jobs increases
http://www.thenorthwestern.com/article/20090517/OSH03/90516080

MANUFACTURING (back to top)
– Manitowoc Co. completes sale of Enodis
http://milwaukee.bizjournals.com/milwaukee/stories/2009/05/11/daily83.html

– NewPage signs new deal
http://www.jsonline.com/business/45189937.html

– Johnson Controls, Modine, Strattec to remain Chrysler suppliers
http://www.jsonline.com/business/45118152.html

LABOR (back to top)
– Former shipbuilders train for new trade opportunities
http://www.postcrescent.com/article/20090517/APC03/905170440

– Schneider office workers, executives face 1-week furloughs
http://www.greenbaypressgazette.com/article/20090516/GPG03/905160539/1247/Schneider+office+workers++executives+face+1-week+furloughs

– Many questions remain about state furloughs
http://www.madison.com/tct/news/451506

– College graduates celebrate despite poor job market
http://www.jsonline.com/news/education/45260342.html

SMALL BUSINESS (back to top)
– Broadway dealership in Pittsfield targeted by GM cuts
http://www.greenbaypressgazette.com/article/20090516/GPG03/90516014/1247/Broadway+dealership+in+Pittsfield+targeted+by+GM+cuts+

INVESTING (back to top)
– Big opportunities still exist with stock of some small companies
http://www.jsonline.com/business/45265282.html

REAL ESTATE (back to top)
– MIAD considers four sites for residence hall
http://milwaukee.bizjournals.com/milwaukee/stories/2009/05/18/story4.html?b=1242619200^1828382

– Business real estate next to feel pain
http://www.jsonline.com/business/45265277.html

AGRIBUSINESS (back to top)
– WLIC Offers PIN Tags for State Pork Producers
http://www.wisconsinagconnection.com/story-state.php?Id=599&yr=2009

REGULATION (back to top)
– Arnone: Smoking ban will benefit restaurants, businesses
http://milwaukee.bizjournals.com/milwaukee/stories/2009/05/18/story7.html?b=1242619200^1828392

TOURISM (back to top)
– Economic slump worries businesses in Wisconsin Dells
http://www.jsonline.com/business/45193907.html

UTILITIES (back to top)
– Manitowoc Co. declares dividend
http://www.postcrescent.com/article/20090518/APC03/905180465

FINANCIAL SERVICES (back to top)
– Binder resigns from Associated Banc-Corp
http://www.greenbaypressgazette.com/article/20090516/GPG03/905160541/1247/Binder+resigns+from+Associated+Banc-Corp

– State tries to limit insurance rescission
http://www.jsonline.com/business/45193912.html

MANAGEMENT (back to top)
– Baylake CEO paid $326.9K in 2008
http://www.greenbaypressgazette.com/article/20090517/GPG03/905170667

PRESS RELEASES (back to top)
· DATCP: Specialty crop grant applications due June 30
· MarketingSavant Group: Reaches out to entrepreneurs with “DIY” marketing in honor of June’s “Do it Yourself” Marketing Month
· Propel Wisconsin Innovation: Microsoft names Propel Wisconsin Innovation a BizSpark partner
· Thrive: Madison region promoted at international biotech conference
· U.S. Treasury Department: Statement on GM dealer consolidation announcement
· Wisconsin Innovation Network: High-speed data network’s potential to spur economic growth is May 19 WIN-Madison topic
· Wisconsin Innovation Network: High-speed data network’s potential to spur economic growth is May 19 WIN-Madison topic

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

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