From WisBusiness.com …
— Property values are “too lousy to sell and too lousy to buy” for Madison developer Terrence Wall, who joined a panel of business owners at Edgewood College on Tuesday to describe how they are faring in what Wall termed the current “depression.”
“Nationally, we entered the recession deep and fast. This is a depression because of declining asset values,” Wall said. “Don’t be fooled by the recent blips in the stock and housing market. It’s part of the bottoming out process.”
Johnson Bank president Greg Dombrowski said his FDIC assessments were rising to pay the cost of failed banks, and the economy was “de-levering.”
“The taxpayers are not the only ones bearing the cost of the government rescue. Our FDIC assessment has gone up. Other banks paying higher FDIC assessments are paying to bail out the other banks,” said Dombrowski.
See more from the panel discussion soon at http://www.wisbusiness.com
— The Madison Area Growth Network has named Molly Lahr executive director.
Lahr, 24, previously served as tournament coordinator for the PGA’s annual 3M Championship in Minneapolis. She moved to Madison in August 2008.
See the release: http://www.wispolitics.com/index.iml?Article=153887
— Today is the Wisconsin Hospital Association’s Advocacy Day, an annual legislative event for health care employees, volunteers and trustees designed to motivate and educate participants on helath related issues and grassroots advocacy opportunities.
See details: http://www.wha.org/education/pdf/2009advocacyday.pdf
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The next WisBusiness.com Luncheon at the Madison Club is slated for Monday, April 6. The guest is Paula Bonner of the Wisconsin Alumni Association.
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Press Releases
· CarterBaldwin: Executive search firm expands service in the Midwest
· Integrys Energy Group Inc.: To present at Midwest Utilities Seminar
· M&I: Announces extension of foreclosure moratorium
· MillerCoors: Unveils new corporate responsibility identity
· Overture Center: Continues tradition with energy savings innovation
· Quick Belt System: New product showing at the National Hardware Show in Las Vegas
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For these and more releases visit http://www.wisbusiness.com/index.iml?Content=82
TOP STORIES
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Falk Corp. cuts 64 jobs after orders tumble : Falk Corp., a unit of Rexnord LLC, eliminated 64 jobs, or about 10% of its work force, on Monday and Tuesday.
http://www.jsonline.com/business/42223922.html
Wausau Paper plans cuts : Wausau Paper is reducing its staff, closing a paper mill in Maine and eliminating its dividend to shareholders as part of a series of cost-cutting moves.
http://www.madison.com/wsj/home/biz/445255
Sub-Zero/Wolf to cut 36 salaried jobs : More job cuts are in the works at Sub-Zero Freezer/Wolf Appliance. The Madison company, which makes high-end refrigerators, freezers and cooking appliances, has told the state it will be eliminating 36 salaried positions.
http://www.madison.com/wsj/home/biz/445254
Thilmany idles paper machine: Thilmany Papers said Tuesday it will idle its No. 10 paper machine indefinitely, with about 45 positions affected by the move. Russ Wanke, vice president and general manager, said in a statement the measure was ordered “due to market softness. When economic conditions improve, the machine can restart. However, we do not believe that will occur in the short term.”
http://www.postcrescent.com/article/20090401/APC03/904010524/1028
Furlough program affecting 1,000: The company Appleton Tuesday said it will put about 1,000 salaried employees on two weeks of unpaid leave this year. All members of the senior management team and all plant and mill managers are included in the requirement to take furloughs before the end of the third quarter, the company said.
http://www.postcrescent.com/article/20090401/APC03/904010523/1028
Doyle pushes for wind technology: Gov. Jim Doyle wants Wisconsin to be the nation’s hub for wind energy development and center for parts to build turbines that generate electricity. “We have great assets and great manufacturing companies,” Doyle said Tuesday to media representatives following an address to more than 600 attendees of the Wisconsin Wind Energy Supply Chain Seminar at the Radisson Paper Valley Hotel. “We also have many companies already involved in the industry.”
http://www.greenbaypressgazette.com/article/20090401/GPG03/904010611/1247
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WISBUSINESS FEATURED COLUMNISTS
– GREGG HOFFMANN: Contributor, WisBusiness.com
– TOM STILL: President, Wisconsin Technology Council
– JENNIFER SERENO: Senior manager, Wood Communications Group
– STEVE JAGLER: Executive editor, Small Business Times
– TOM BURZINSKI: IT executive and consultant
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BIOTECH (back to top)
– Shapiro: Obama action on stem cells opens new debates
http://www.bizjournals.com/milwaukee/stories/2009/03/30/focus3.html?b=1238385600^1802095
ECONOMY (back to top)
– Recession hits Social Security increases
http://www.thenorthwestern.com/article/20090401/OSH03/90331172/1167
– Commerce study slams film incentives law
http://www.bizjournals.com/milwaukee/stories/2009/03/30/daily29.html
LABOR (back to top)
– Workers say Obama treated autos worse than Wall Street
http://www.madison.com/tct/business/445142
INVESTING (back to top)
– Miller parent company drops stock listing
http://www.postcrescent.com/article/20090401/APC03/904010532/1028
AGRIBUSINESS (back to top)
– Wisconsin Gov. Jim Doyle proposes new program to save farms
http://www.postcrescent.com/article/20090331/APC03/90331048/1028
– Vendors not expecting bumper crop of sales
http://www.greenbaypressgazette.com/article/20090401/GPG03/904010603/1247
– March Milk Prices on the Way Back Up
http://www.wisconsinagconnection.com/story-state.php?Id=399&yr=2009
TRANSPORTATION (back to top)
– Business Beat: County executive race could hinge on rail issue
http://www.madison.com/tct/business/445228
REGULATION (back to top)
– State fines wholesale food seller $10,000
http://www.greenbaypressgazette.com/article/20090401/GPG03/904010610/1247
– Proposal would toughen bans on hazardous toys
http://www.madison.com/wsj/home/biz/445253
– Guaranty Bank faces dire court fight
http://www.jsonline.com/business/42239707.html
HEALTH CARE (back to top)
– 2 Green Bay hospitals earn awards
http://www.greenbaypressgazette.com/article/20090401/GPG03/904010606/1247
– Plan would bring ‘medical homes’ to Wisconsin
http://www.bizjournals.com/milwaukee/stories/2009/03/30/daily35.html
FINANCIAL SERVICES (back to top)
– M&I extends foreclosure moratorium
http://www.bizjournals.com/milwaukee/stories/2009/03/30/daily36.html
MANAGEMENT (back to top)
– Maritime Bank CEO Maas to retire
http://www.bizjournals.com/milwaukee/stories/2009/03/30/daily31.html
Media Partners
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National Business Roundups ( back to top)
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