(WisBusiness) WED News Summary — 28 Oct. 2009

WED WisBusiness News Summary
28 October 2009
Exclusively for WisBusiness Subscribers


Advertisements

University Research Park ad



WI Business Council


From WisBusiness.com …

— Gov. Jim Doyle is planning to sign an agreement on ginseng trade with Chinese officials today at 11:45 a.m. in the State Capitol.

The agreement between the Wisconsin Ginseng Board and Tong Ren Tang Health Pharmaceutical Co. follows a September trade mission to China.

— Wisconsin utilities are getting more than $21 million in federal money to invest in so-called “smart grid” technology.

The investment is intended to improve the reliability, efficiency and flexibility of the electric grid.

The majority of the money, nearly $13 million, is going to the American Transmission Company and most of that is for fiber optics to improve communications between its substations and its operations centers.

— The state Senate has passed legislation to prohibit the use of phosphorus in household dishwasher detergents. The bill passed on a unanimous voice vote, and now goes to the governor for his signature.

The bill is the second in a series of legislative initiatives to improve water quality. Earlier this session, the Legislature passed and the Governor signed a new law restricting the use of phosphorus in lawn fertilizer.

See details: http://wispolitics.com/index.iml?Article=174859

TOP STORIES
*************

Johnson Controls posts $300M profit: Johnson Controls Inc. reported Tuesday that fiscal fourth-quarter net income rose due to cost controls and improved operational efficiency.
http://milwaukee.bizjournals.com/milwaukee/stories/2009/10/26/daily27.html

Menominee all in for casino, hotel expansion: The Menominee Indian Tribe of Wisconsin has launched the first phase of an anticipated $67 million project to improve lodging, gaming and meeting spaces.
http://www.greenbaypressgazette.com/article/20091028/GPG03/910280565

Oshkosh to build 24 trucks for Pakistan airports: The Oshkosh Airport Products Group today announced a $16 million contract to produce 24 Striker Aircraft Rescue and Fire Fighting vehicles for the Pakistani government.
http://www.thenorthwestern.com/article/20091027/OSH03/310270116

Oshkosh Corp. lands $28 million in contracts: Oshkosh Corp. today announced it received two contracts worth $28 million to supply spare parts and support services for its MRAP All Terrain Vehicle (M-ATV) complement in Afghanistan.
http://www.thenorthwestern.com/article/20091027/OSH03/310270115

************************************************************
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

************************************************************

TECHNOLOGY (back to top)
– River Falls firm wins aid for expansion
http://milwaukee.bizjournals.com/milwaukee/stories/2009/10/26/daily38.html

– Johnson Controls announces 2 lithium-ion battery deals
http://www.jsonline.com/blogs/business/66507092.html

ECONOMY (back to top)
– Barrett: Cooperation needed to fuel growth
http://milwaukee.bizjournals.com/milwaukee/stories/2009/10/26/daily40.html

– Wisconsin tax collections down
http://milwaukee.bizjournals.com/milwaukee/stories/2009/10/26/daily39.html

MANUFACTURING (back to top)
– ABC World News features segment on Oshkosh Corp
http://www.thenorthwestern.com/article/20091028/OSH0101/91027229/1987

LABOR (back to top)
– Wisconsin Gov. Jim Doyle presents check to United Brotherhood of Carpenters for green building practices
http://www.postcrescent.com/article/20091028/APC03/910280584

– Bill calls for schools to teach about unions
http://www.greenbaypressgazette.com/article/20091028/GPG03/910280567

SMALL BUSINESS (back to top)
– Madison: Small business incubator on South Side facing foreclosure
http://host.madison.com/wsj/news/local/article_f10fee66-75f1-5536-a1cd-496a90e9c34a.html

– WWBIC wins $100,000 SBA grant
http://milwaukee.bizjournals.com/milwaukee/stories/2009/10/26/daily34.html

INVESTING (back to top)
– Bemis Co. profits, sales down
http://www.thenorthwestern.com/article/20091028/OSH03/910280409

– Fiserv profits rise as revenue declines
http://milwaukee.bizjournals.com/milwaukee/stories/2009/10/26/daily42.html

– Centene profit, revenue rises
http://milwaukee.bizjournals.com/milwaukee/stories/2009/10/26/daily41.html

REAL ESTATE (back to top)
– Wis. gov hands out green building grants
http://host.madison.com/news/state-and-regional/wisconsin/article_bc8c1c6c-d199-5a90-837c-9fc13a8800cc.html

– Seminar explores market for distressed commercial properties
http://host.madison.com/wsj/business/article_2fde948c-c346-11de-8e7a-001cc4c03286.html

AGRIBUSINESS (back to top)
– Assembly Passes Bill to Increase Veterinarian Licensing Access
http://www.wisconsinagconnection.com/story-state.php?Id=1294&yr=2009

– Farmers fret over soggy fields
http://www.jsonline.com/business/66724767.html

TRANSPORTATION (back to top)
– FAA to probe near-collision involving Midwest jet
http://www.jsonline.com/news/milwaukee/66382202.html

REGULATION (back to top)
– Assembly passes ‘puppy mill’ bill
http://www.jsonline.com/news/statepolitics/66593067.html

UTILITIES (back to top)
– Utilities and ATC get ‘smart grid’ grants
http://host.madison.com/wsj/business/article_a7d4857d-6af9-5587-b3ce-9a8276900dd6.html

– Orion Energy swings to loss
http://milwaukee.bizjournals.com/milwaukee/stories/2009/10/26/daily43.html

FINANCIAL SERVICES (back to top)
– Bank Mutual reports $1.2 million net income
http://www.greenbaypressgazette.com/article/20091028/GPG03/910280566

– Amcore posts $156 million loss
http://host.madison.com/wsj/business/article_a27433ae-c32c-11de-8bb3-001cc4c002e0.html

– M&I now has ‘monstrous cushion,’ CEO tells group
http://www.jsonline.com/business/66727712.html

PRESS RELEASES (back to top)
· Alliant Energy: Heads up for power lines
· Alliant Energy: Receives federal stimulus money to further Smart Grid efforts in Wisconsin
· American Transmission Co.: U.S. Department of Energy selects American Transmission Co. applications for smart grid grants
· Babcock Institute: Karen Nielsen named director of Babcock Institute
· Clean Wisconsin: Wisconsin Legislature passes bill substantially reducing phosphorus in automatic dish soap
· Gov. Doyle: Governor Doyle announces $247,000 in clean energy training grants for state carpenters
· Gov. Doyle: Governor Doyle announces $270,000 in clean energy training grants for electrical workers
· Gov. Doyle: Statement of Governor Doyle regarding smart grid technology funding
· New North: New North Carpenters receive renewable energy training grants
· Rep. Black: Ban on Phosphorus in diswasher soap heads to Governor

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

(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.