Business Report

Epic to use federal tax credits for wind turbines

Taking advantage of federal tax credits and its own capital, Epic Systems will build six commercial wind turbines along Highway 12 northwest of Madison, according to a report in the Wisconsin State Journal. The structures, which would be Dane County’s…

Investor Carl Icahn makes another pitch for Oshkosh Corp.

With an offer some analysts call too low, investor Carl Icahn is making a new attempt to buy Oshkosh Corp., the state’s largest manufacturer – this time for $32.50 per share, according to a report in the Milwaukee Journal Sentinel.…

WPS faces likely job cuts after loss of federal contract

Madison-based WPS Health Insurance may see a significant reduction in workers as a result of the loss of a federal contract it had since 1966, according to an article in the Wisconsin State Journal. Company CEO Michael Hamerlik only noted…

Spectrum Brands Holdings to acquire Stanley Black & Decker

Madison-based Spectrum Brands Holdings, Inc. will acquire Stanley Black & Decker for $1.4 billion in cash in a deal expected to be completed by the end of the year. The hardware and home improvement business will operate as a separate…

World Dairy Expo sets new records

The Wisconsin Ag Connection reported that this year’s World Dairy Expo attracted a record number of attendees from over 90 different countries. Breed sales resulted in the World Classic 2012 Holstein Sale averaging $33,111 per lot, which was the highest…

Dane County new vehicle sales up 18.5% over last September

Dane County drivers continue to purchase new vehicles, according to the latest sales figures from Waterloo, Wis.-based Reg-Trak. Compared to September 2011, Dane County saw sales of new cars and trucks increase 18.5%. There were 1,778 vehicles sold in September,…

General Mitchell seeks permission to close concourse

Milwaukee’s General Mitchell International Airport is seeking approval to close Concourse E, the smallest of its concourses, as a result of less traffic and fewer flights, according to the Milwaukee Business Journal.

Rockwell completes purchase of Chinese business unit

Milwaukee-based Rockwell Automation has announced the completion of its acquisition of the medium voltage drives business of Harbin Jiuzhou Electric Co., Ltd., a Chinese company that has served as Rockwell Automation’s contract manufacturer for seven years. The purchase enables Rockwell…

National Retail Federation predicts solid growth in holiday sales

Citing the competing factors of political and fiscal uncertainties, and signs of improvement in consumer confidence, the National Retail Federation predicts that 2012 holiday sales will increase 4.1% to $586.1 billion, and retailers will hire an estimated 585,000 to 625,000…

Physicians Plus reaches agreement with UW Medical Foundation

After months of wrangling, a three-year contract has been agreed to by the University of Wisconsin Medical Foundation, Inc. (UWMF) and Physicians Plus Insurance Corp. While the Physicians Plus new care navigation prior approval process will continue, Physicians Plus members…

City Council approves five-story Park Street development

  A five-story, mixed-use project with 62 apartments and ground floor commercial space was approved by the City Council for the corner of South Park and Drake streets in Madison. The development will replace Ideal Body Shop, which has operated…

Westwood Development eyes Mifflin Street apartment complex

Atlanta developer Westwood Development has reportedly been in discussions with the city of Madison to build a four-building, 250 market-rate apartment complex that would encircle a two-story parking garage in the 700 block of East Mifflin Street. The two-phase, $50…

Alpine Slicing and Cheese Conversion files for bankruptcy

Alpine Slicing and Cheese Conversion Co. of Monroe voluntarily filed for Chapter 11 bankruptcy reorganization. The company took the action on concerns about related claims from retail business customers after Listeria bacteria were found in late 2011, leading to a…

Design Structures breaks ground on Trollway Shoppes

Design Structures, LLC has broken ground on Trollway Shoppes, a 13,000-sq.-ft. retail center in Mount Horeb that will include an Anytime Fitness and O’Reilly Auto Parts, among other retailers. The project should be completed in spring 2013.

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