From WisBusiness.com …
— Sears has filed notice with the state that it plans to close its Menomonee Falls location, resulting in 81 layoffs in mid-January.
Target notified the state about 200 temporary layoffs as it closes its Wauwatosa location for remodeling. Target says it will offer the workers opportunities to work at other area stores during the remodeling project. The Wauwatosa store is scheduled to reopen in October 2009.
— New York-based Consumer Reports is testing a holiday marketing campaign in Madison. The campaign consists of television ads, National Public Radio sponsorship ads and online ads appearing on Madison.com and Channel3000.com scheduled to begin today.
“Madison residents will be the only consumers exposed to the multi-media marketing campaign this year,” said Jaime Darnow, chief marketing officer of Consumer Reports. “We selected Madison because it’s a community that reflects many of the same characteristics and values of our target customer located across the country.”
Madison sealed its selection based on several demographic profiles: high level of education among residents and large Consumer Reports subscription base.
Nov. 18 in Milwaukee: STATE ECONOMIC DEVELOPMENT IN RECESSIONARY TIMES
**Register now for the Tues. Nov. 18 event at Discovery World in Milwaukee featuring past and present state Commerce secretaries.
“State Economic Development in Recessionary Times: A post-election look at where the state economy is heading.”
Sponsored by Quarles & Brady, Wisconsin Transportation Builders Association, Wisconsin Manufacturers & Commerce, University of Wisconsin-Milwaukee, Marquette University Law School and We Energies.
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· Department of Agriculture, Trade and Consumer Protection: Cookies shipped to Wisconsin markets may contain melamine, food safety officials say
· Manpower Inc.: Manpower’s three CEOs ring the closing bell on Friday
· Pettit National Ice Center: Executive Director to be featured on Time Warner Sports
· Wisconsin Bio Industry Alliance: Biodiesel basics #18: Biodiesel production process
· WPRI: Wisconsin residents very concerned about the state’s economy
For these and more releases visit http://www.wisbusiness.com/index.iml?Content=82
Modine opens new India factory: Modine Manufacturing Co. said Friday that it has opened a new plant in India under a three-year, $14 million effort to expand the company’s presence in the growing Asian market. Racine-based Modine announced in 2006 that it would build the new plant in the Chennai area in southeast India. The factory, which has 75 employees, will serve India’s domestic commercial vehicle, off-highway, domestic bus air conditioning (HVAC) markets and additional markets, as demand for products increases.
Deer hunt brings millions to state economy: Come Saturday, opening day of the storied nine-day gun deer season in Wisconsin, more than 650,000 hunters are expected to take to the woods with rifles, shotguns and ammunition in pursuit of game. When the shots are stilled, past hunting seasons show, they will have harvested more than 400,000 bucks and does.
Alliant plans $150M upgrade at Sheboygan plant: Alliant Energy Corp.’s Wisconsin Power and Light utility has filed for approval to spend $150 million on additional emissions reduction technology at its power plant in Sheboygan. The Madison-based utility said the filing with the Public Service Commission of Wisconsin is the next step in its plan for reducing nitrogen oxide emissions at the Edgewater Generating Station’s Unit 5 to comply with the Clean Air Act’s Reasonably Available Control Technology standard. Wisconsin Power and Light has already installed technology to optimize combustion and upgrade the plant’s burner technology.
M&I receives $1.715B from Treasury program: Marshall & Ilsley Corp. of Milwaukee said Friday that it has issued 1,715,000 shares of its senior preferred stock, series B, to the U.S. Department of the Treasury in return for $1.715 billion in cash under the Treasury’s Capital Purchase Program. The program is designed to infuse capital into the nation’s healthiest and strongest banks.
No end in sight for Spectrum’s woes: One analyst foresees bankruptcy for Spectrum Brands and projects the value of its sinking stock at $0. Another says he’s not sure the company will turn a profit, even two years from now. A third has stopped writing about Spectrum Brands because the share price, which closed Friday at 64 cents, has dropped so low, closing above $1 only once in the past three weeks.
Sparkman & Stephens, Burger form motorsailer partnership: Burger Boat Co. and Sparkman & Stephens have formed a partnership to design and build custom aluminum motorsailers. Heralding a return to traditional elegance with modern performance, these vessels will continue the heritage that was developed with the construction of the first Sparkman & Stephens designed aluminum yawl built by Burger Boat Co. in 1957.
Plexus expands its manufacturing space: New business for Plexus Corp. has translated to expansion in the Fox Cities. Plexus will not be adding jobs right away, but will move between 20 and 30 people from its neighboring facility at N800 County CB into its new space, which should be in use by January, said Ginger Jones, vice president and chief financial officer at Neenah-based Plexus, an electronics component maker.
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
ECONOMY (back to top)
– Economy hurts high-end sales
– Bucks in field pump bucks into economy
-Firms use everything from unique mailers to specialty products for marketing
– Lee earnings off 73 percent
– Milwaukee-area nonprofits brace for lean times ahead
MANUFACTURING (back to top)
– Efficiencies, timely investing paying off for Menasha Corp.’s units
– Menasha Packaging continues to grow
– Plexus takes control of jewel of a building
– U.S. Chemical opens Watertown distribution facilty
LABOR (back to top)
– Layoffs forcing many to seek new skills
– Union turnaround: Obama win means pro-worker agenda
– Closing of Cedarburg butcher shop is bittersweet for owner
– Don’t raise income tax, raise investment credits
REAL ESTATE (back to top)
– Green Bay: Eye appeal guides Main Street changes
– Madison: Apartment/retail complex planned for old Josie’s site
AGRIBUSINESS (back to top)
– Flood loans available to Brown County farmers
– Progressive operators program meets many needs of producers
– Oakfield teen at national FFA convention
– Custom farmers fill important role
TRANSPORTATION (back to top)
– Minute Reads: Schneider National honored for being military friendly
– State will fund Cherryland Airport projects
– As fuel costs shrink, so do truckers’ loads
RETAIL (back to top)
– Grand Chute’s Fox River Mall retailers say numbers down from a year ago
– What’s news: Morton Pharmacy opens Oshkosh store
– Looking for comfort and corporate responsibility, college students buy American
– More to come: University Square has filled about 55 percent of its retail space
– Catering competition heats up for holidays
– Downtown Milwaukee retail targeted
– Darrow III closes North Carolina dealerships
TOURISM (back to top)
– Wausau: New ballpark tough sell with down economy
– Manitowoc travel agency makes vacation dreams come true
HEALTH CARE (back to top)
– Wisconsin doctor shortage hasn’t affected Riverview
– Network Health Plan ranked among nation’s best
FINANCIAL SERVICES (back to top)
– Former banker launches financial advice firm
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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