From WisBusiness.com …
— On Thursday Attorney General J.B. Van Hollen announced the state has received a $3.5 million settlement from drug manufacturer Merck.
The money is part of a comprehensive settlement agreement shared by 49 states and the District of Columbia. More than $2.8 million of the money will be returned to the state’s Medicaid program.
Read the release:
— Video is now available from several recent WisBusiness.com events.
*Business leader luncheon with Commerce Secretary Jack Fischer
*Business leader luncheon with Craig Samitt, Dean Health System
*Coping with Climate Change conference (scroll down to Feb. 11)
— Department of Workforce Development Secretary Roberta Gassman announced Thursday that Wisconsin’s unemployment rate for January was 5.5 percent.
The rate last month was nine-tenths of a percentage point higher than the December rate of 4.6 percent and it matches the January 2007 rate of 5.5 percent. The national rate was 5.4 percent in January compared to 4.8 percent in December and 5.0 percent in January 2007.
“A combination of seasonal factors such as winter breaks in the education system, reductions in retail sales following the holiday shopping season and record or near record snowfall in many areas played a significant role in Wisconsin’s labor market in January,” Secretary Gassman said.
See the DWD release:
WHAT’S THE GREAT LAKES WATER COMPACT MEAN FOR WISCONSIN?
Explore “The Issues and Science behind the Pending Great Lakes Water Compact” March 5 at a special Blueprint Briefing at Discovery World on Milwaukee’s lake front.
The briefing, open to the public, will feature “Great Lakes Water Wars” author Peter Annin; Kevin Wilson, assistant deputy minister of the Ontario Ministry of Natural Resources; Todd Ambs, Wisconsin Department of Natural Resource’s water division chief and member of the board of the Great Lakes Commission; Matt Moroney, executive director of the Metropolitan Builders Association of Greater Milwaukee; and Ann Beier, director, Office of Environmental Sustainability,
City of Milwaukee.
UW-Milwaukee officials also plan a briefing on the science and research behind the policy immediately following the panel discussion.
The special briefing is being presented by WisPolitics.com-WisBusiness.com, UW-Milwaukee, the Metropolitan Milwaukee Association of Commerce (MMAC), the Government of Canada, and Discovery World.
THANKS TO OUR WISBUSINESS SPONSORS
- University of Wisconsin-Milwaukee
- Madison Gas & Electric
- University Research Park
- Wisconsin Bankers Association
- Wisconsin Technology Council
Use these links to jump directly to a news summary topic
Technology | Biotech | Economy | Manufacturing | Labor | Small Business | Investing | Real Estate | Agribusiness | Transportation | Retail | Regulation | Tourism | Utilities | Health Care | Financial Services | Management | Business Columns |
Midwest Organic and Sustainable Education Service: 19th Annual Organic Farming Conference highlights
Dept. of Commerce: Secretary Jack L. Fischer and young entrepreneurs on “For the Record” this Sunday
Discovery Education: Local educator advocates for the use of educational technologies across Wisconsin
DWD: January unemployment rates announced
For these and more releases visit http://www.wisbusiness.com/index.iml?Content=82
State jobs show slight gain: Unemployment rate steady; labor official sees positive signs… Wisconsin’s unemployment rate held steady last month, compared with the year before, and jobs showed a slight gain, prompting a wait-and-see stance on economic conditions by the state’s chief labor economist. “Everything I’m looking at for Wisconsin is certainly not as bad as what’s going on in some other nearby states or what the perceptions seem to be coming for the U.S.,” said Dennis Winters, chief of the office of economic advisers in the Wisconsin Department of Workforce Development. “But I think the dire predictions for the U.S. are at this point a little overblown.”
Kohl’s expects ’08 earnings to fall short: Fourth-quarter profit drops, sales rise slightly… Citing the continuing bleak economic outlook, Kohl’s Corp. on Thursday forecast slow sales for the year and said 2008 earnings would be below analysts’ projections. “We are planning conservatively in our sales expectations, inventory levels and expenses,” Chairman Larry Montgomery said in a statement after the markets closed Thursday. Kohl’s reported an 11.5% decrease in earnings per share for the fourth quarter, to $1.31 per share, from $1.48 for the fourth quarter a year ago. Net sales were $5.5 billion, up 0.7% for the quarter.
Nine Wisconsin firms honored for business excellence: Nine Wisconsin companies — including Standard Imaging of Middleton — were honored Thursday night at the 20th annual Wisconsin Manufacturer of the Year Awards in Milwaukee. The program, which generated 63 nominations this year, recognizes companies that demonstrate a commitment to business excellence, with a positive impact on the company and state. The program is co-sponsored by the law firm of Michael Best & Friedrich, the accounting and consulting firm of Virchow, Krause & Co. and Wisconsin Manufacturers and Commerce, the state’s largest business association.
Rockwell to buy Swiss business: Rockwell Automation Inc. of Milwaukee has agreed to buy the safety and automation business of Cedes AG, a Swiss manufacturer of safety and information systems, automation, monitoring, industrial computers and controls. Terms of the transaction were not disclosed by Rockwell (NYSE: ROK), a manufacturer of industrial automation systems and controls. The Cedes safety and automation business is based in Landquart, Switzerland, and has sales office primarily across Europe. The unit supplies products such as safety and measuring light curtains, along with other non-safety optoelectronics, control units and accessories for industrial applications.
Senate approves bill on wine distribution: Wineries could no longer sell their products directly to retailers under a bill advancing in the Legislature. The Senate voted 30-1 on Thursday for a bill that updates the state ‘s alcohol distribution system. The Assembly is considering a similar plan. Gerard Deschane, a lobbyist for the Wisconsin Winery Association, said the bill will change how many wineries distribute their product. They will either have to hire distributors or form distribution cooperatives, he said. The change will be a challenge for the industry, but wineries like its other provisions, including one that legalizes the direct shipment of wine to customers, Deschane said.
WISBUSINESS FEATURED COLUMNISTS
– GREGG HOFFMANN: Contributor, WisBusiness.com
– TOM STILL: President, Wisconsin Technology Council
– JENNIFER SERENO: Senior manager, Wood Communications Group
– STEVE JAGLER: Executive editor, Small Business Times
– TOM BURZINSKI: IT executive and consultant
– Google says health data will be safe
– UW group’s stem cell patent upheld
– New Wisconsin Carbon Credit Program Signs First Contract
– R.R. Donnelley reports loss of $48.4 million
– Quad/Graphics to lease new facility in Falls
– Climbing prices fuel concern at gas pumps
MANUFACTURING (back to top)
– J.J. Keller Inc., Bassett Mechanical land state manufacturing honors
– Green Bay area manufacturers snubbed at awards … again
– Modine wins $14M in contracts
LABOR (back to top)
– State January unemployment at 5.5 percent
– Ryan bill beefs up immigrant controls
– Lou’s Bootery, longtime downtown Green Bay fixture, to close doors
INVESTING (back to top)
– BusinessWeek: Rising STARS in Consumer Staples
– Park East hotel, condos will rise over Milwaukee River
– Bergstrom buys ex-Banta site
– Classic Sequoya Midvale condo project moves forward
AGRIBUSINESS (back to top)
– Kohl Calls on USDA to Get Tougher on Enforcing Food Safety
– Price Still Rising on NASS Cheese Survey
– ED/WC open house focuses on industry’s insurance shortfalls
– Audit: Wis. DOT should better track bridge maintenance
– New Penneys, no mall
– Kohl’s 4Q profits fall; same-store sales down
– Kohl’s nearly ready for move to new site
– Public interest group plans to sue Miller, Anheuser-Busch
REGULATION (back to top)
– Meat safety changes sought
– Court says Wisconsin towns can suspend new development
– Wisconsin wins $3.4M in Merck settlement
TOURISM (back to top)
– Out-of-state trail fee may increase
– Bill would exempt big piers from enforcement
UTILITIES (back to top)
– State’s nuclear moratorium may be lifted
– Audit pans medical records system
– Doctors’ Social Security numbers posted on Web, health insurer says
– Assembly declines to take action on autism plans
FINANCIAL SERVICES (back to top)
– Blackhawk posts lower 4Q profit; plans growth in Rockford
– Car loan program for low income earners expanded to Ozaukee County
– Wells Fargo tightens mortgage rules, lists two Wisconsin markets ‘at risk’
MANAGEMENT (back to top)
– Greenberg resigns as Wisconsin State Fair board chairman
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
All rights reserved. Reproduction or retransmission of this publication, in whole or in part, without the express permission of WisBusiness.com is prohibited. Unauthorized reproduction violates United States copyright law (17 USC 101 et seq.), as does retransmission by facsimile or any other electronic means, including electronic mail.