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SAMPLE NEWS SUMMARY



WisBusiness News Summary
26 January 2005
Exclusively for WisBusiness Subscribers

E-mail press releases and calendar items to [email protected]

From WisBusiness…

Gov. Jim Doyle pulled a bit of surprise yesterday by naming Mary Burke, a businesswoman who until
now has worked exclusively in the private sector, as his new
secretary of commerce.

“Mary is not only a Wisconsin
native but a real Wisconsin success story,” Doyle said. “Her
business experience stretches from Wisconsin to Europe and Asia, from small
business to Fortune 500 companies. She understands what it means to
compete in the global marketplace, and she’s had the experience of
starting her own business.”



Most recently, Burke was
director of forecasting and planning for Trek Bicycle, where she was
responsible for forecasting the sales of more than a million bicycles a year,
predicting market demand not only in the United States, but also in
China, Japan, and the rest of the world. Prior to that, Burke was
director of European operations for Trek, helping to start and oversee
companies in the UK, Germany, France, Switzerland, Spain, Austria, and
the Netherlands.




Tom Still, president of the
Wisconsin Technology Council, called Burke an excellent choice who
could pay dividends for Wisconsin’s export-based economy.




“She’s been a big part of
building a homegrown Wiscosin company into a global force,” said
Still. “ She can help to focus on what it means to sell Wisconsin
goods and services around the world.”

Burke, 45, who was born and raised in Wisconsin, said
she approached the job as a way to give back to the state. “As someone
who has always been proud to be from Wiscosnin, there is nothing else
I’d rather be doing than serving in Gov. Doyle’s cabinet,” she said.

Burke said her first priority wil be to meet with her staff and
business and trade associations across the state to get their input. “I
have a lot to learn and I want to listen to what people are saying,”
she said.

See the release: http://www.wispolitics.com/index.iml?Article=30405

— The board of Wisconsin Manufacturers & Commerce yesterday
unanimously endorsed a constitutional amendment that would limit
government spending and taxing increases. The endorsement came as WMC
held its annual membership meeting today in Waukesha. Eight new and two
re-elected members were chosen to join the 52-member Board of
Directors. William D. Gehl, chairman & CEO, Gehl Company, West
Bend, was elected to the second year of a two-year term as the board
chair.

WMC also touted poll numbers showing statewide support for an
amendment. As noted in Friday’s News Summary, WMC and Americans for
Prosperity, a Washington, D.C.-based foundation, found that 68 percent
of voters support a constitutional spending limit proposal, and 24
percent oppose the idea. The two-day poll surveyed 500 Wisconsin voters

regarding tax issues in Wisconsin. The survey has a margin of error of
plus or minus 4.38 percent and was conducted by Public Opinion
Strategies of Alexandria, Va.

*See the release on the amendment and other legislative issues:
http://www.wispolitics.com/index.iml?Article=30396

*See the list of new WMC officers:
http://www.wispolitics.com/index.iml?Article=30390

— See a new Small Business Minute on dealing with stress:
http://www.wisbusiness.com/index.iml?Article=30423

— More than 400 economic development leaders from around the
state are expected to attend the 2005 Governor’s Conference on Economic
Development, Feb. 2-4 at the Monona Terrace Convention Center in
Madison. The conference, titled “Wall Street to Main Street: Finding
Local Solutions in a Global Economy,” will focus on creative ways to
deal with economic development obstacles related to finance, the work
force, education and health care.

See details: http://www.wisbusiness.com/index.iml?Article=30427

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Press releases
County Executive Falk: Release Letter to President Bush
Protesting Proposed Cuts to Block Grants
Kraft Foods: Dr. Richard A. Lerner Elected to Board of Directors
of Kraft Foods
North Shore Bank: North Shore Bank: Named Hispanic Chamber of
Commerce of Wisconsin’s 2004 Corporation of the Year
Quarles & Brady: Financial Institutions and Transactions Law
Attorneys From Quarles & Brady LLP’s Milwaukee Office Named Among
Best Lawyers in America
U.S. Bancorp To Present At The Credit Suisse First Boston 2005
Financial Services Conference
UW Madison:
WARF’s director named to national patent advisory
committee


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

Data
indicates Wisconsin jobs up at higher rate than most
states (AP):
Jobs were added at a faster pace in Wisconsin than
in all except
eight other states during the last 12 months, according to preliminary
data.
U.S. Bureau of Labor Statistics figures released Tuesday said Wisconsin
added a
net total of 63,600 jobs, or 2.3 percent, since December 2003. Nevada
led the
way with a 4.8 percent increase in job growth, or 53,600 jobs, during
that
period. Wisconsin is listed as having 18.2 percent of its work force in
manufacturing, remaining second only to Indiana in factory employment. http://www.duluthsuperior.com/mld/duluthsuperior/news/politics/10738301.htm

Snap-on
cuts 140 jobs in Kenosha:
Snap-on Inc. cut 140 jobs
at its corporate headquarters in Pleasant Prairie and its general
offices in
Kenosha on Tuesday as it continued to scale back operations and reduce
costs.
The vast majority of the layoffs are effective immediately. About 600
employees
will remain at the Kenosha offices after the cuts.
http://www.bizjournals.com/milwaukee/stories/2005/01/24/daily24.html?jst=b_ln_hl

Wells Fargo to drop Strong name for mutual funds: Wells
Fargo & Co. said Tuesday that is renaming its mutual fund group
Wells Fargo
Advantage Funds following the integration of Strong Financial Corp.,
signaling
an end to the Strong name. Wells Fargo is merging its Wells Fargo Funds
with 69
Strong Funds, out of 70, in the next quarter.
http://milwaukee.bizjournals.com/milwaukee/stories/2005/01/24/daily18.html

Southridge Mall ownership transferred: The ownership of
Southridge Mall has been transferred by an affiliate of a New
York-based
investment firm to another affiliate of the same company – a possible
precursor
to the mall’s sale. Southridge, 5300 S. 76th St. in Greendale, was
transferred
by BRE/Southridge Mall LLC to Southridge Mall II LLC for $105.5
million,
according to documents filed Tuesday with the Milwaukee County register
of
deeds. Both BRE/Southridge Mall and Southridge Mall II are affiliates
of
Blackstone Real Estate Advisors in New York.
http://www.jsonline.com/bym/news/jan05/296164.asp

Renaissance to buy maker of laptops: Renaissance Learning
Inc., an educational software company in Wisconsin Rapids, has agreed
to buy
AlphaSmart Inc. of Los Gatos, Calif., for $57 million in cash and
stock, the
companies announced Tuesday. “It’s an ideal strategic fit for us,”
said John Hickey, president and chief executive officer of Renaissance
Learning.
http://www.jsonline.com/bym/news/jan05/296147.asp

NorthStar Print Group sold: Multi-Color Corp. on Tuesday
bought nearly all the assets of NorthStar Print Group Inc. in Watertown
from
Journal Communications Inc. in Milwaukee. Multi-Color, which is a
label-producing company based in Cincinnati, paid $27,031,231 in the
cash deal,
which did not include some of NorthStar’s real estate holdings,
according to a
filing with the Securities and Exchange Commission.
http://www.jsonline.com/bym/news/jan05/296144.asp

Schneider expanding its brokerage presence: Bolstering its
rapidly growing freight brokerage business, Schneider National Inc.
will add 10
regional brokerage offices this year, bringing its total to 27, the
Green Bay
trucking company said Tuesday.
http://www.jsonline.com/bym/news/jan05/296154.asp



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Technology (back to
top
)

Google
extends search services to broadcast (AP)

http://www.leadertelegram.com/story.asp?id=51566


Microsoft: Legit
Windows or no updates
http://news.com.com/Microsoft+Legit+Windows+or+no+updates/2100-1016_3-5550205.html?tag=nefd.top

Biotech (back to
top
)

Business
Week: For Baby Biotechs, “a Dangerous
Time”
http://www.businessweek.com/technology/content/jan2005/tc20050126_3616_tc121.htm

Bio-Refinery Moves Forward in Stanley
http://www.wisconsinagconnection.com/story-state.cfm?Id=115&yr=2005

East Asia powers ahead on stem cell research
http://news.ft.com/cms/s/29b66f46-6f43-11d9-94a8-00000e2511c8.html

California cities woo stem cell HQ (AP)
http://seattlepi.nwsource.com/national/apus_story.asp?category=1110&slug=Stem%20Cell%20Headquarters

Stem Cell Therapy Improves Heart Failure
http://www.reuters.com/newsArticle.jhtml?type=healthNews&storyID=7428791

N.J. Gov. Urges Bush to End Stem-Cell Restrictions
http://olympics.reuters.com/newsArticle.jhtml?type=scienceNews&storyID=7429021

Massachusetts: 3,000 jobs, stem cell research eyed for base
http://www2.townonline.com/weymouth/localRegional/view.bg?articleid=170198

Economy (back to
top
)

State
9th in 2004 job growth; Wisconsin beats U.S., regional
increases
http://www.jsonline.com/bym/news/jan05/296062.asp

Consumer confidence sees increase in January (AP)
http://www.wisinfo.com/dailytribune/wrdtbusiness/298811288163344.shtml

Manufacturing (back to
top
)

Shanghai
park makes impression in Milwaukee; Chinese
company’s visit sparks interest with area businesses
http://www.jsonline.com/bym/news/jan05/296142.asp

Labor (back to
top
)

CUNA Mutual, union settle dispute
http://www.madison.com/wsj/home/biz/index.php?ntid=25963&ntpid=1

Agency focuses on client ability; Nonprofit seeks to expand
job opportunities for disabled
http://www.wisinfo.com/journal/spjlocal/298830730933845.shtml

Small Business (back to
top
)

Business Week:
Families, United to Grow; Allied Beverage
Group is the answer three family-run companies came up with when they
realized
each alone was too small to compete
http://www.businessweek.com/smallbiz/content/jan2005/sb20050125_8018.htm?chan=sb⊂=familyowned05

Swan Club takes step out of its past, into modern
entertaining; New facility connected to Legends
http://www.wisinfo.com/postcrescent/news/archive/biz_19564026.shtml

Milwaukee: Nomadic groom salon says it’s finally found a
home
http://www.onmilwaukee.com/market/articles/groom.html

WisStocks (back to top)

Chart Toppers
Company Name Last Change % Change Symbol
RAYOVAC CP
38.98
+1.13 +2.99%
ROV
MARTEN TRANSPORT
22.00
+0.98 +4.66% MRTN
BADGER METER INC
28.74
+0.84 +3.01% BMI
ASSOC BANC CP
32.84
+0.82 +2.56% ASBC
MANITOWOC CO INC
35.00
+0.70 +2.04%
MTW
Bottom Bouncers
Company Name Last Change % Change Symbol
ANCHOR BANCORP WI
26.88
-0.12 -0.44%
ABCW
ACTUANT CORP
NEW
50.67
-0.83
-1.61%
ATU
BRIGGS STRATTON

37.44
-0.64
-1.68%
BGG
KOSS CP
18.50
-0.603 -3.16%
KOSS
OSHKOSH B GOSH CL
18.87 -0.53 -2.73% GOSHA

Investing (back to
top
)

Business
Week: Growth Stocks, Stunted Gains?
http://www.businessweek.com/bwdaily/dnflash/jan2005/nf20050126_7395_db014.htm

Kimberly-Clark reports lower fourth-quarter profit (AP)
http://www.leadertelegram.com/story.asp?id=51567

Banta revenue, profits rise
http://www.bizjournals.com/milwaukee/stories/2005/01/24/daily23.html?jst=b_ln_hl

Silicon Graphics cuts loss, warns of cuts ahead
http://www.bizjournals.com/milwaukee/stories/2005/01/24/daily25.html?jst=b_ln_hl

Real
Estate
(back to
top
)

Madison: Kopp’s
site project moves ahead
http://www.madison.com/tct/business/index.php?ntid=25864&ntpid=0

Milwaukee: Small start for ‘grand things’; City seeks
proposals for Park East parcel

http://www.jsonline.com/bym/news/jan05/296071.asp

City panel OKs condos for Brewers Hill
http://www.jsonline.com/bym/news/jan05/296143.asp

La Crosse: Residents of subdivision worried about
development

http://www.lacrossetribune.com/articles/2005/01/26/news/z1news26.txt

Green Bay: City Council OKs condo project along the Fox
River; Vetter Denk to build 24-unit complex

http://www.greenbaypressgazette.com/news/archive/local_19571580.shtml

Wausau: Businesses favor mall proposal; Opening Pedestrian
Mall to traffic an uphill battle, based on public sentiment

http://www.wausaudailyherald.com/wdhlocal/282469620383797.shtml

Green Bay: Council will look at Washington Square condos
http://www.greenbaynewschron.com/page.html?article=129679



Agribusiness (back to
top
)

WI Corn/Soy EXPO Moves to the
Dells
http://www.wisconsinagconnection.com/story-state.cfm?Id=114&yr=2005

Transportation (back to
top
)

Oshkosh Truck
profit jumps, beating expectations; Sales from
Iraq war drive earnings
http://www.jsonline.com/bym/news/jan05/296050.asp

Oshkosh Truck shares jump 16 percent as results top
forecasts

http://www.bizjournals.com/milwaukee/stories/2005/01/24/daily15.html?jst=b_ln_hl

Shortage of drivers fuels brokerages; Schneider adds offices
to fill need
http://www.greenbaypressgazette.com/news/archive/biz_19570255.shtml



Retail (back to
top
)

Zak Black
has gone off-track


http://www.jsonline.com/bym/news/jan05/296194.asp

Regulation (back to top)
Telemarketing
tops consumer gripe list
http://www.madison.com/wsj/home/local/index.php?ntid=25972&ntpid=2

Cigarette tax increase proposed
http://www.madison.com/wsj/home/local/index.php?ntid=25974&ntpid=4

Tourism (back to
top
)

Fox Cities:
Tourism breakfast planned for Thursday
http://www.wisinfo.com/postcrescent/news/archive/biz_19563898.shtml

Utilities (back to
top
)

Past-due utility
bills build up for WPS during winter months
http://www.greenbaypressgazette.com/news/archive/local_19570696.shtml

Manitowoc: Group files suit opposing wind turbine farms
http://www.wisinfo.com/heraldtimes/news/archive/local_19567228.shtml

Health Care (back to
top
)

Researchers find
hope in cancer vaccines
http://www.wisinfo.com/dailytribune/wrdtlocal/282469141623031.shtml

Wausau: New CT scanner improves diagnosis; More detailed
images give hospital, patients options in treatment

http://www.wausaudailyherald.com/wdhlocal/298830732970748.shtml

Plymouth, Aurora strike a deal
http://www.wisinfo.com/sheboyganpress/news/archive/local_19575149.shtml

Financial Services (back to
top
)

Wells Fargo to
erase Strong name; Bank picks new moniker for
family of 120 funds
http://www.jsonline.com/bym/news/jan05/296191.asp

Management (back to
top
)

Hiring minorities
is a challenge
http://www.madison.com/wsj/home/biz/index.php?ntid=25964&ntpid=2

Engineer from India moves up corporate ladder
http://www.madison.com/wsj/home/biz/index.php?ntid=25965&ntpid=3

Wolman leaves Capital Newspapers’ board
http://www.madison.com/wsj/home/biz/index.php?ntid=25966&ntpid=4

Ad agency president resigns; Scott Rackham, once considered
the heir apparent to Bob Meyer, principal owner of the Meyer &
Wallis ad
agency, has resigned, the company said Tuesday.

http://www.jsonline.com/bym/news/jan05/296153.asp

Business Columns (back to
top
)

Hiring
minorities is a challenge
http://www.madison.com/wsj/home/biz/index.php?ntid=25964&ntpid=2

Engineer from India moves up corporate ladder
http://www.madison.com/wsj/home/biz/index.php?ntid=25965&ntpid=3

Wolman leaves Capital Newspapers’ board
http://www.madison.com/wsj/home/biz/index.php?ntid=25966&ntpid=4

Ad agency president resigns; Scott Rackham, once considered
the heir apparent to Bob Meyer, principal owner of the Meyer &
Wallis ad
agency, has resigned, the company said Tuesday.

http://www.jsonline.com/bym/news/jan05/296153.asp

Media Partners

Channel3000

Small Business Times

Madison Magazine

BusinessWeek

National Business
Roundups
(back to top)

–YAHOO FINANCE: http://finance.yahoo.com/

–CNBC BUSINESS NEWS: http://www.cnbc.com

–ABC BUSINESS NEWS: http://abcnews.go.com/sections/business/

–GOOGLE NEWS: http://news.google.com/news/en/us/business.html