(WisBusiness) WED News Summary — 6 May 2009

WED WisBusiness News Summary
6 May 2009
Exclusively for WisBusiness Subscribers



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From WisBusiness.com …

— In Chicago for a national wind energy conference, Gov. Jim Doyle pointed to the experience of Wisconsin Rapids as an example of how wind energy is creating jobs in this recession.

He said Wisconsin Rapids is transforming from a paper-making manufacturing town to one that will soon be home to a large wind turbine blade factory with more than 400 workers.

“We really appreciate wind power,” Doyle said during a national news conference at the American Wind Energy Association’s WINDPOWER 2009 conference and exhibition in Chicago. “The Midwest, I believe, can serve, can be much of the answer to America’s energy problems.”

Doyle joined the governors of Iowa, Michigan and Ohio, along with Jon Wellinghoff, chairman of the Federal Energy Regulatory Commission, in talking Tuesday about how wind energy is helping communities that have lost manufacturing jobs.

Read more from the conference: http://www.wisbusiness.com/index.Iml?Article=157744

— The Wisconsin Alumni Research Foundation and Pfizer announced that they have signed a license for human embryonic stem cell patents for the development of new drug therapies.

The WARF license provides Pfizer the rights to work with the cells for drug research and discovery.

“Pfizer’s stem-cell R&D goal is three fold: to use human cells as tools in our drug discovery efforts, to improve the safety of new treatments and most importantly to move towards cell therapy,” said Ruth McKernan, chief scientific officer of Pfizer Regenerative Medicine.. “The benefit to public health could be tremendous as we pursue our discoveries to advance the treatment of debilitating diseases.”

“We are pleased to enter into this licensing agreement with Pfizer,” said Carl E. Gulbrandsen, managing director of WARF. “Pfizer’s access to this key intellectual property may have far-reaching benefits for both public health and Wisconsin’s growing biotechnology industry.”

See more: http://www.businesswire.com/portal/site/home/email/alert/?ndmViewId=news_view&newsLang=en&newsId=20090505006451

— BizTimes Milwaukee reports that Sussex-based Quad/Graphics Inc. is laying off another 140 employees this week, as slow orders and economic conditions continue.

The cuts will be made from Quad’s national workforce, but most will be in Wisconsin, where it has its largest operations, said Claire Ho, a company spokesperson. The layoffs will be made in the company’s pre-press and QuadTech operations, she said.

Read more in a BizTimes story: http://www.biztimes.com/daily/2009/5/5/#quad-graphics-to-lay-off-another-140-employees

— A business data security site is now available from TDS Telecommunications Corp. to help educate customers about the proper methods for protecting a business. The TDS Security Center includes information for small and medium-sized businesses and includes methods, both free and paid, to increase security immediately.

Site features include a free PC scan, a free network security test, a collection of articles on security, a glossary of terms, and a link to the security blog of TDS vendor F-Secure.

Visit the site: http://www.tdstelecom.com/bizsecurity

Read more about the new site: http://www.wisbusiness.com/index.Iml?Article=157714

— Attendees can learn more about a successful model for campus entrepreneurship from Charles Hoslet, managing director of the UW-Madison Office of Corporate Relations, at the Thursday, May 14 meeting of the Wisconsin Innovation Network in Milwaukee.

The meeting will be held at Brookfield Suites Hotel and Convention Center, 1200 S. Moorland Road, just off I-94 in Brookfield. Registration and networking begins at 11:30 a.m., lunch at noon and the presentation at 12:30 p.m. The cost is $10 for students, $25 for WIN members, $35 for non-members and included with WIN corporate memberships.

See details: http://www.wisconsintechnologycouncil.com/Events/win/index.aspx?ID=674

— Community leaders and organizers, local government officials, federal and state agency professionals, businesses, and community development specialists interested in strengthening Wisconsin’s rural communities are encouraged to attend Wisconsin Rural Summit 6. The event is due to be held Friday June 5, from 8:30 a.m. to 4:30 p.m. at the Holiday Inn Convention Center in Stevens Point, Wisconsin. The theme of this year’s summit is: Rallying Communities: Re-frame, Re-build, Innovate!

See details: http://www.wisbusiness.com/index.Iml?Article=157708

TOP STORIES
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Guaranty Bank unit closing costs 62 jobs: Milwaukee-based Guaranty Bank plans to begin layoffs on June 30 and complete the cuts by mid-July, according to a mass layoff notice filed Tuesday with the Wisconsin Department of Workforce Development. GB Mortgage’s two Milwaukee-area locations at 4000 W. Brown Deer Road and 7901 W. Brown Deer Road will close, as will an office at 501 W. Northshore Drive, Glendale.
http://milwaukee.bizjournals.com/milwaukee/stories/2009/05/04/daily31.html

Quad/Graphics to lay off 140 more employees: The cuts will be made from the Sussex-based company’s national workforce, but the majority will be in Wisconsin where the firm has its largest base of operations. The layoffs will be made in the company’s pre-press and QuadTech operations.
http://milwaukee.bizjournals.com/milwaukee/stories/2009/05/04/daily32.html

Pfizer, WARF reach accord on stem-cell drug therapies : Pfizer Inc. on Tuesday announced a licensing agreement with the Wisconsin Alumni Research Foundation, or WARF, for the development of drug therapies using human embryonic stem cells.
http://www.madison.com/wsj/mad/latest/449993

PDQ Food Stores sold to employees: With 550 employees and 46 stores in Wisconsin, Minnesota and California, the company became 100 percent employee-owned as of last Thursday, PDQ spokesman Phil Troia said Tuesday.
http://www.madison.com/tct/business/449980

Laid off to get reprieve from Associated Bank: Associated Bank said Tuesday it will allow some unemployed customers to defer up to a year’s worth of mortgage payments.
http://www.greenbaypressgazette.com/article/20090506/GPG03/905060668/1247/Laid+off+to+get+reprieve+from+Associated+Bank

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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)
– Sonic Foundry’s net loss shrinks to $152,000
http://www.madison.com/wsj/home/biz/449973

BIOTECH (back to top)
– Lucigen awarded two federal grants
http://www.madison.com/wsj/home/biz/449922

ECONOMY (back to top)
– Poor economy could add $1 billion to state’s deficit, lawmakers warn
http://www.madison.com/wsj/home/local/449983

MANUFACTURING (back to top)
– Kraft Foods reports 10 percent profit increase
http://www.postcrescent.com/article/20090505/APC03/90505024/1028/Kraft+Foods+profit+rises+10+percent

– Papermaker Appleton unfazed by sales decline
http://www.postcrescent.com/article/20090505/APC03/905050477/1028/Papermaker+Appleton+unfazed+by+sales+decline

– Miller Lite sales keep falling
http://www.madison.com/tct/business/450037

– Spectrum Brands reports loss of $60.4 million
http://www.madison.com/wsj/home/biz/449911

– Kohl lobbies to keep Chrysler plant open in Kenosha
http://www.jsonline.com/business/44370847.html

– Strattec increases reserves in response to Chrysler bankruptcy
http://www.jsonline.com/business/44394987.html

– Harley to focus strategy on women, minorities
http://milwaukee.bizjournals.com/milwaukee/stories/2009/05/04/story7.html?b=1241409600^1821545

– Stevens Point brings back ‘Nude Beach’ brew
http://milwaukee.bizjournals.com/milwaukee/stories/2009/05/04/daily23.html

LABOR (back to top)
– Laid-off workers get break on loans
http://www.postcrescent.com/article/20090506/APC03/905060589/1028/Laid-off+workers+get+break+on+loans

REAL ESTATE (back to top)
– Park Lafayette sales center could face eviction
http://www.jsonline.com/business/44420787.html

– UWM lakefront plan draws opposition
http://www.jsonline.com/blogs/business/44363077.html

– Northwestern Mutual to sell Maryland apartment site
http://milwaukee.bizjournals.com/milwaukee/stories/2009/05/04/daily26.html

AGRIBUSINESS (back to top)
– Biofuels get a presidential boost
http://www.leadertelegram.com/story-news.asp?id=BJUKN6PFJPL

– Regional Farm Production Costs Decline Three Percent in April
http://www.wisconsinagconnection.com/story-state.php?Id=551&yr=2009

– Thousands of Gallons of Milk Missing From Cheese Plant
http://www.wisconsinagconnection.com/story-state.php?Id=553&yr=2009

– Wisconsin Cranberry Discovery Center Gets New Manager
http://www.wisconsinagconnection.com/story-state.php?Id=555&yr=2009

– Hartung Brothers sells fertilizer division
http://www.madison.com/wsj/home/biz/449944

TRANSPORTATION (back to top)
– AirTran starts flights to Twin Cities
http://milwaukee.bizjournals.com/milwaukee/stories/2009/05/04/daily22.html

REGULATION (back to top)
– $17 million auto parts case verdict against American Family reinstated
http://www.madison.com/tct/news/stories/450036

TOURISM (back to top)
– Great Wolf outperforming industry
http://www.madison.com/wsj/home/biz/449910

UTILITIES (back to top)
– Governors back energy standard
http://www.jsonline.com/business/44421562.html

– Wisconsin Energy sees fall in sales
http://www.jsonline.com/business/44357337.html

FINANCIAL SERVICES (back to top)
– Marshall & Ilsley to pay dividend
http://www.postcrescent.com/article/20090505/APC03/305050068/1028/Marshall+&+Ilsley+to+pay+dividend

– Mortgages tougher to secure
http://www.postcrescent.com/article/20090505/APC03/905050466/1028/Mortgages+tougher+to+secure

MANAGEMENT (back to top)
– Menasha Corp. shifts leaders
http://www.postcrescent.com/article/20090506/APC03/905060588/1028/Menasha+Corp.+shifts+leaders

– CEO tells shareholders the lender avoids ‘train wrecks’
http://www.greenbaypressgazette.com/article/20090506/GPG03/905060670/1247/CEO+tells+shareholders+the+lender+avoids++train+wrecks+

PRESS RELEASES (back to top)
· Bank Mutual Corp.: Announces quarterly cash dividend
· Bank Mutual Corp.: Names James P. Carter corporate secretary
· Chippewa County Economic Development Corp.: May newsletter
· Greater Beloit Chamber of Commerce: Business wizard seminar set for May 14
· Milwaukee School of Engineering: Spring commencement features computer industry pioneer
· MMAC: Get connected to May events
· MMAC: March economic trends release
· Summit Credit Union: Nearly 575 community members ‘pay it forward’ during Summit Credit Union’s first fifteen tour dates
· TDS: Launches business security center web site
· Wisconsin Energy Conservation Corp.: Energy initiative leader recognized for industry expertise
· Wisconsin Innovation Network: Campus programs to foster entrepreneurship is topic at May 14 WIN-Milwaukee meeting
· Wisconsin Rural Partners, Inc.: Register now for Wisconsin Rural Summit 6

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

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