From WisBusiness.com …
— Kenro Incorporated, which makes plastic products, has notified state and local officials that it plans to close its Fredonia plant and lay off 88 workers beginning July 21.
Some of the workers are represented by the UNITE HERE Midwest Chicago Joint Board Local No. 2484. The company said the layoffs are expected to be permanent. Fredonia is about halfway between Milwaukee and Sheboygan.
— The Wisconsin Ethanol Coalition announced a statewide radio ad campaign to begin next week with the aim of educating the public on the positive economic, environmental and practical benefits of ethanol use in Wisconsin.
The coalition says the 30-second radio ad, which will begin running statewide on Tuesday, promotes the benefits of the ethanol industry to Wisconsin, including its potential to create jobs, lower gas prices, and reduce the state’s dependence on foreign oil.
— The Wisconsin Commerce Department is celebrating the 20th anniversary of the Main Street economic development program this evening at the Monona Terrace Convention Center in Madison.
Commerce spokesman Tony Hozeny said the state provides advice for the revitalization effort, which has resulted in $1 billion being invested in downtowns in three dozen Wisconsin communities large and small over the past two decades.
“This isn’t on the outskirts of communities, but right downtown,” said Hozeny. “And it comes from the towns themselves. We provide counseling, but there’s no state money.”
Main street communities include: Algoma, Beloit, Chippewa Falls, Columbus, Darlington, De Pere, Eagle River, Fond du Lac, On Broadway (Green Bay), Lake Mills, Lincoln Village (Milwaukee), Marshfield, Mishicot, Monroe, Osceola, Pewaukee, Platteville, Portage, Prairie du Chien, Rhinelander, Rice Lake, Richland Center, Ripon, Sharon, Sheboygan Falls, Stevens Point, Sturgeon Bay, Tigerton, Two Rivers, Viroqua, Watertown, Wausau, West Allis, West Bend and Whitewater.
See release: http://www.wisbusiness.com/index.iml?Article=126924
— Gasoline prices around the state have shot up in anticipation of tight oil supplies as demand picks up over the Memorial Day weekend. In Milwaukee, gas cost $4.20 a gallon and many stations. In Madison, the figure was nearly $4, some 60 cents higher than at this time last year. Yet the AAA is reporting that roads will be crowded for the holiday.
Crude-oil futures edged higher in volatile trading Thursday after surging to a record high of $135.09 per barrel earlier. Some analysts are predicting $5 a gallon gas this summer.
The American Petroleum Institute today reported a fall of 4.1 million barrels in crude oil supplies. Analysts had expected a rise in inventories.
See Small Business Times story: http://www.biztimes.com/daily/2008/5/22/#gas-prices-skyrocket-ahead-of-holiday-weekend
— In observance of Memorial Day, there will be no WisBusiness.com or WisPolitics.com editions on Monday.
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A Historic Icon, Northernaire Resort and Spa, Reclaims Its Title as the ‘Waldorf of the Wilderness’
Are Reunions Recession-proof?
CPSC Posts Recall to its Web Site
Human resource management chapter earns 24th Superior Merit Award
Lake Lawn Resort Receives Unanimous Plan Commission Approval for Next Phase of Development
RMT Awarded Remediation Subcontract for Langley Air Force Base
For these and more releases visit http://www.wisbusiness.com/index.iml?Content=82
Papermakers call for stricter tariffs on imports: As overseas paper production increases and more is imported, American-based papermakers are hoping the federal government will step in to help level the playing field. Since 1990, the U.S. paper industry has lost almost 950 mills, yet in the past three years, 224 new mills have been opened, according to the Pulp & Paperworkers’ Resource Council. “We need to have fair trade. … We need to have laws in place,” said Tom Peplinski, a NewPage employee and member of the United Steelworkers Local No. 1306. “If we have those laws in place and we (still) lose to companies in China or Indonesia, so be it.”
Casino bets on the Valley: With 18 months of construction and $240 million invested on expansion, the Potawatomi Bingo Casino is a dream catcher on a grand scale… The nearly completed $240 million expansion of Potawatomi Bingo Casino, 1721 W. Canal St., is, in a word, huge. The two-year construction project is huge, from the vehicular span that connects the James E. Groppi Unity Bridge with the new 1,700-stall parking structure, to the 500,000 square feet of new floor space that will more than triple the casino’s size. The new amenities will be huge, from the two new restaurants, food court and lounge/bar area to the 1,500 new slot machines and 60 additional table games. And the anticipation is huge among casino and construction staff working at a feverish 24-hour-a-day pace to meet the scheduled June 19 grand opening.
Kohl & Feingold vote for Senate farm bill veto override: Although both of Wisconsin’s two U.S. Senators feel it has its flaws, Herb Kohl and Russ Feingold voted to override President Bush’s veto of the bipartisan Farm Bill on Thursday. Kohl says he supports the legislation for its provisions to extend and strengthen the safety net for dairy producers, allow interstate commerce of state-inspected meat products, and implement much-needed reforms to the federal food stamp program and other key nutrition initiatives. “The Farm Bill is not perfect, but it includes meaningful measures to strengthen the family farms and small businesses that give life to our rural communities. Congress is on record with overwhelming bipartisan support for this bill, and I’m pleased that the Senate protected the measure from the President’s veto.” Kohl said.
State’s energy outlook bright: Two new power plants to open in time for peak summer electricity season… The outlook for the summer’s electricity supply has improved again this year, as Wisconsin is on the verge of opening two new power plants approved for construction in recent years. Within days or weeks, power plants could be starting up in Port Washington and Wausau. Those extra plants, coupled with the opening of the $420 million power line between Wausau and Duluth, Minn., give utilities and energy regulators confidence heading into summer, when demand for electricity spikes on hot days. “We’re in good shape, and better than last year,” said Robert Norcross, administrator at the Public Service Commission.
Lighter schedules at Waukesha foundry: Lower demand for truck components has decreased orders, Waukesha firm says… A slowdown in sales for heavy-duty trucks is translating into less work for employee’s at International Truck and Engine Corp.’s Waukesha foundry. The company has temporarily halted production at the foundry this week and next week, said Roy Wiley, a spokesman for the firm’s parent company, Navistar International Corp. The Waukesha foundry at 1401 Perkins Ave., which has between 200 and 250 employees, manufactures diesel engine components for Ford F250 pickup trucks, he said.
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MANUFACTURING (back to top)
– Pierce names new executive in Florida
– Home front sacrifices on companies’ minds
– Ex-workers from MEGTEC Systems are eligible for help
INVESTING (back to top)
– Dow ends day up after two-day plunge
REAL ESTATE (back to top)
– Panel addresses how to deal with foreclosures
– Group seeks to revitalize Wausau’s near west side
– Bradley Center plan footprint may grow
– Condo lender to settle suit
– Home prices in state make minuscule gain
AGRIBUSINESS (back to top)
– Congress overrides Bush farm bill veto
– Farm Bureau Seeks Solutions to Stray Voltage Disputes
– Prices Up on NASS Cheese Survey
– Airlines ponder how far they can push customers
– Pace picks up for city’s bike couriers
– Awards spell success for bringing back Broadway
– Rice prices trouble local restaurants
– Cudahy Wal-Mart plan back
– ‘Soft’ economy widens Bon-Ton quarterly loss
– Electric hustle? Farmers speak out on stray voltage bill
TOURISM (back to top)
– Campgrounds look for busy year
– Green light for Les Paul show in Milwaukee
– American Superconductor adds four wind farm orders
– Alliant unit RMT inks deal for air force base work
– Winter heating costs set record
– Melrose residents rocked by water project cost
– HospiceCare completes $20 million fundraising effort
– Construction starts on Stoughton hospital project
– Session focuses on health care costs
– House accelerates plans for veterans clinic
– Bill provision protects Green Bay hospital
– State issues insurance complaint report
FINANCIAL SERVICES (back to top)
– With new execs, Fiserv seeks cohesion
– M&I adds three Twin Cities branches; seven more planned
– Duluth Trading Company’s videos are a (literal) smash
– Time Warner to split company
– Fornaro elected chairman of AirTran
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
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