Business Report

Alliant and MGE Energy see first-quarter profits

Alliant Energy recorded net income of $69.9 million (63 cents/share) on revenues of $859.6 million in the first quarter of 2013. That compares to net income of $34.9 million (32 cents/share) on revenues of $765.7 million a year earlier, when…

WPS to open on-site clinic

WPS Health Insurance will open the WPS Health and Wellness Center, an on-site clinic for employees, at its Monona headquarters. QuadMed, a Sussex-based company that operates 36 clinics in 22 states, will run the clinic, which will be available to…

April jobs report: U.S. economy adds 165,000 new jobs

The U.S. economy added a better-than-expected 165,000 new jobs in April, according to preliminary data from the U.S. Department of Labor, and the official unemployment rate fell to 7.5%. It was 7.6% the previous month. Leading up to the report,…

Alliant Energy Center plans $18 million upgrade

An $18 million facelift for aging barn facilities at the Alliant Energy Center may soon get underway, according to Dane County Executive Joe Parisi, after the county’s Personnel and Finance and Public Works and Transportation committees passed a resolution authorizing…

Electronic Theatre Controls purchases Mazomanie facility

Electronic Theatre Controls of Middleton has purchased the former Synergy Web Graphics building in Mazomanie. ETC plans to move about 30 employees and some of its warehousing and manufacturing to the 350,000-sq.-ft. plant by the end of the year. The…

Exact Sciences beats analysts' expectations for first quarter

Madison-based Exact Sciences reported a net loss of $10.9 million (17 cents/share) on revenues of $1 million for the first quarter ending March 31, which slightly beat analysts’ predictions of a 20 cents/share net loss. Still, the company’s stock fell…

Four proposals submitted for Judge Doyle Square project

The city’s Judge Doyle Square project in downtown Madison has attracted proposals from four developers for what could be the most expensive mixed-use undertaking in city history. The proposals are for the two city blocks that currently house the landmark…

Door Creek Church expanding

With a congregation that has tripled in size since 2000, Door Creek Church on Madison’s far east side is planning a $7 million expansion that will add two 300-seat worship venues as well as parking, office space, and meeting rooms.…

Air Force testing Virent jet fuel

Madison-based Virent has sent 100 gallons of its bio-based jet fuel to the Air Force Research Laboratory for testing. Virent produces jet and diesel fuels made from 100% renewable plant sugars. According to a release, the Air Force will be…

Foremost Farms closes facilities

Baraboo-based Foremost Farms will close two of its Wisconsin cheese plants due to consolidation, resulting in about 100 lost jobs. The state’s largest cheese producer, Foremost Farms announced the permanent closing of its mozzarella plant in Jackson County. It will…

Sonic Foundry narrows loss in second quarter

Sonic Foundry posted a narrower loss for its second fiscal quarter ending March 31. The Mediasite technology firm showed a net loss of $27,000 (1 cent/share) on revenues of $6.4 million. That compares with a net loss of $115,000 (3…

Starion Financial adds office

Starion Financial opened a new location in Sun Prairie at 326 S. Grand Ave., its second in Wisconsin. The bank’s Middleton location, at 1651 John Q Hammons Drive, opened in 2006.

First Business Financial Services posts record profits

First Business Financial Services, parent of First Business Bank in Madison, posted a record-setting $3.2 million in profits for the first quarter of 2013. The gains were achieved through an increase in the company’s loan portfolio and a reduction in…

Kendall Packaging breaks ground on new facility

Mequon-based Kendall Packaging Corp. and Design Structures, LLC, of Madison have announced they’ve broken ground on Kendall’s new 55,428-sq.-ft. facility in Jefferson. The facility should be completed this summer and will double the company’s production and storage capacity, according to…

CUNA Mutual reaches agreement with union

After several weeks of negotiations, a tentative agreement has reportedly been reached between CUNA Mutual Group and OPEIU Local 39, the union that represents about 700 of the company’s employees. The previous four-year contract had expired.