TG Properties and Brokerage, LLC, headed by Tom Gialamas, has ended ties with Colliers International in order to form a joint venture with Newmark Grubb Pfefferle. Gialamas’ commercial real estate company in Madison will operate as Newmark Grubb Gialamas, while…
The U.S. trade deficit grew 7.7% in February to its highest level in five months, as demand for the country’s exports declined while imports increased. February’s deficit was $42.3 billion, up from $39.3 billion a month earlier.
The U.S. economy added 192,000 jobs in March, according to preliminary data from the U.S. Department of Labor, and the official unemployment rate remained at 6.7%. The report offered more proof that the U.S. economy is ticking up after suffering…
On the heels of an FDA panel’s recent approval of Exact Sciences’ cancer-screening test Cologuard, the company has signaled that it may sell stock or debt securities in the near future. The Madison company filed with the SEC to offer…
Three of four area HMOs lost money in 2013, according to new financial statements. Dean Health Plan held steady with 257,000 members and reported a $32 million gain after spinning off Navitus, its pharmacy benefits management company. The other three…
Good news for AnchorBank: A 2009 cease-and-desist order and a 2010 prompt-corrective-action order have been terminated by federal regulators. Since those orders were issued, the bank has hired Chris Bauer as CEO, cut costs, and sold 15 branches. A cease-and-desist…
Wisconsin Investment Partners has agreed to invest $11,000 (up to $110,000 total) for each startup graduating from the gener8tor Winter and gener8tor Summer programs in 2014. Gener8tor is an accelerator program working to develop tech startups. Accepted companies receive $70,000…
According to the latest Annual State-Local Tax Burden report from the nonpartisan Tax Foundation, Wisconsin residents paid 11% of their collective incomes in state and local taxes in 2011, higher than the national average of 9.8%. Wisconsin’s tax burden is…
Gebhardt Development is asking for as much as $5.4 million in city support for a proposed 14-story mixed-use project on East Washington Avenue. A $4 million TIF loan would cover the building’s financing gap, while an optional and additional TIF request of $1.4 million would cover a rooftop farm and concrete-enclosed biodigester at the site.
Sun Prairie-based ITS Compliance, Inc., received an aggregate investment of $5.75 million from private equity growth investors Argentum and First Analysis. ITS is an outsourced provider of compliance, safety, and asset management services for truck fleets. The company will use…
A New London cheese plant that has been in business for more than 60 years will close in August. Saputo Cheese is closing its plant because updating it would prove too costly, according to reports. About 78 positions will be…
The budget plan put together by the U.S. Air Force calls for Wisconsin’s Air National Guard to be reduced by 39 positions beginning in October. If Congress approves the plan, the Volk Field Combat Readiness Training Center in Camp Douglas…
United Development Solutions of Minnesota and GrandStay Hospitality are proposing a $4.8 million, 50-room hotel in Mount Horeb near the Highway 18-151 exit into the village. An investor group is being assembled to finance the project with the hope that…
In a unanimous 10-0 decision, the FDA’s molecular and clinical genetics panel approved Exact Sciences’ noninvasive, stool-based colon cancer test, known as Cologuard, putting it on track toward potential market approval. After a recent study of 13,000 subjects showed that…
Madison-based Cellectar Biosciences (fka Novelos Therapeutics, Inc.) has reported a net loss in 2013 of $10.8 million (19 cents/share), compared to its $9.3 million loss (23 cents/share) in 2013. The company reported higher research and development expenses related to preparations…
