— The Dow Jones opens the week above 9,000 for the first time in months as its upward trend continued with a net gain of 350 points last week. The positive week made for Dow’s the biggest two-week gain since 2000. The WisBusiness.com index of state stocks is rising as well, but not quite at the same pace. It opens the week at 1,573, nearly 50 points higher than last week’s open of 1,525. — Earnings season is still in full swing, as every day this week will see multiple companies with significant Wisconsin ties announce their quarterly numbers. The bulk of Wisconsin earnings reports this week come from state manufacturers. Today will see releases from Wausau Paper and bootmaker LaCrosse, then on Tuesday come numbers from Rockwell Automation and crane-maker Manitowoc before Neenah-based Plexus announces its results on Wednesday. Oshkosh Truck, which recently announced a new billion-dollar military contract that could mean hundreds of new Wisconsin jobs, releases its numbers on Thursday along with recreational product manufacturer Brunswick and Modine Manufacturing. The week closes out Friday with releases from tool-maker Snap-On and Johnson Outdoors. See more earnings releases and stock index information: http://www.wisbusiness.com/index.iml?Article=140042 — Bemis Company has agreed to pay $120,000 to settle state claims under Wisconsin’s air pollution laws. The judgment resolves charges that Bemis failed to properly monitor and control air emissions at its Oshkosh facilities from 2004 to April 2008. Bemis self-reported all of the violations and promptly took steps to correct the violations. It also upgraded its internal operations and retained a consultant to perform an environmental audit. See details: http://www.wisbusiness.com/index.Iml?Article=165381 — Making a fast buck is important to some people, but that doesn’t help build sustainable food systems or communities, according to Woody Tasch, chairman of the Investors’ Circle and founder of the International Slow Food Movement. Tasch is the author of “Inquiries into the Nature of Slow Money: investing as if food, farms and fertility mattered.” He appeared at the Kickapoo Country Fair on Saturday and had two appearances in Madison planned for Sunday and Monday. “Money that is too fast is money that has become so detached from people, place and the activities that it is financing that no experts understand it fully,” Tasch writes in his book. “Money that is too fast makes it impossible to say whether the world economy is going through a correction in the credit markets, triggered by the subpriome mortgage crisis, or whether we are teetering on the edge of something much deeper and more challenging … ” See more on Tasch: http://www.wisbusiness.com/index.iml?Article=165456 TOP STORIES Dodgeville braces for major cuts to pay back Lands’ End : A Richland County Circuit Court judge ruled in May that the city over-assessed the apparel retailer’s 202-acre corporate headquarters. That means the governmental units that receive tax money from the company will likely be forced to make cuts in order to refund the excess amount. NewPage halts biofuel project in Michigan: Although NewPage has discontinued work on a biofuels gasification project in Michigan, the decision does not affect a similar project in Wisconsin Rapids, a company spokeswoman said. GE Oil and Gas laying off one-third of workforce: The company has told 93 employees their jobs will end September 21, according to a letter sent to the Wisconsin Department of Workforce Development on Thursday.
************************************************************ 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) – Kulp’s of Stratford pitches solar roof upgrades – Is Google-University of Wisconsin book deal fair to authors?
MANUFACTURING (back to top) – Cottage Grove-based company gets licensing deal with Lance Armstrong Foundation – Menomonee Valley’s success inspires new vision for Tower Automotive site – Harley offers 9 new models
LABOR (back to top) – Weathering the jobless storm, some emerge as winners
SMALL BUSINESS (back to top)
INVESTING (back to top) – Developers Diversified reports 2Q loss – Bank Mutual’s 2Q net income drops 11.6%
REAL ESTATE (back to top) – Foreclosure prevention workshop may help struggling homeowners – East side of West Allis attracting development
AGRIBUSINESS (back to top) – Cross Country: Farm Technology Days helps farmers look to future with eye on past – New investment would boost local food
TRANSPORTATION (back to top) – Low gas prices hurt sales of high-ethanol E85 fuel
RETAIL (back to top) – Competitors nibbling at the edges
TOURISM (back to top)
HEALTH CARE (back to top) – Bellin aims to cut costs with renovation, building – Aspirus Wausau Hospital leader, Diane Postler-Slattery, seeks to instill hope
MANAGEMENT (back to top) – Hefty resigns at Skylight amidst turmoil
BUSINESS COLUMNS (back to top)
PRESS RELEASES (back to top) For these and more releases visit http://www.wisbusiness.com/index.iml?Content=82 |
Quick links
WisBusiness sponsors Media partners National business round-ups |
(c)2009 WisBusiness.com.
All rights reserved. Reproduction or retransmission of this
publication, in whole or in part, without the express permission of
WisBusiness.com is prohibited. Unauthorized reproduction violates
United States copyright law (17 USC 101 et seq.), as does
retransmission by facsimile or any other electronic means, including
electronic mail.
