(WisBusiness) MON News Summary — 29 Sept. 2008

From WisBusiness.com …

— A new report out from the state Department of Revenue predicts declining statewide employment through 2009 before it rebounds in 2010 and 2011.

The report predicts some ares of the state will do better than others:

“Not all of the metro areas will experience a decline. The Eau Claire, Green Bay, and Madison (metropolitan statistical areas) are expected to weather the weak economy in with only slow growth. The Fond du Lac MSA will see steady employment in 2008 and then a very small decline (-0.1%) in 2009. The remaining eight MSAs in the state will see a range of declining employment, from -0.3% in the Oshkosh-Neenah MSA to -1.3% in Janesville. These declines will continue through 2009 before seeing a turnaround in 2010.

See the report: http://www.revenue.wi.gov/ra/0908metr.pdf

— Gov. Jim Doyle has officially proclaimed this week as Wisconsin Freight Rail Week.

The week kicks off with Freight Rail Day 2008, an event in Wausau featuring a panel on economic development and the importance of Wisconsin railroads featuring keynote speaker Tony Hatch, a railroad financial analyst.

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NEXT WISBUSINESS.COM LUNCHEON SET FOR OCT. 6

Dave Stark of Stark Company Realtors on the State of Housing Industry

The next WisBusiness.com Luncheon at the Madison Club, organized by the Madison Club, Madison Magazine, and WisBusiness.com, is slated for Monday Oct. 6 at 11:45 a.m.. The guest is Dave Stark of Stark Company Realtors in Madison. http://www.starkhomes.com/aboutstark.html

The event is open to the public, and the price for lunch is $19. Call the Madison Club to register at (608) 255-4861. The luncheon starts at 11:45 a.m. and ends at 1 p.m.

See more: http://www.wisbusiness.com/index.iml?Article=137157



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NEXT CHECKPOINT SURVEY QUESTIONS DUE OCT. 2

Take advantage of an exclusive discount program for WisPolitics.com and WisBusiness.com Subscribers.

If you are a WisPolitics or WisBusiness subscriber, you’ll receive a 10 percent discount if you purchase two or more questions in the next monthly Checkpoint survey, a production of Wood Communications Group of Madison. That means the first question costs $900, and subsequent questions are $810 each.

The monthly “Checkpoint” survey of public opinion is a 500-person statewide random digit dial poll. The next survey is set to go into the field on Oct. 7.

Individual questions are due by Oct. 2. Contact Kennan Wood at Wood Communications Group. Call 608-259-0757 or e-mail [email protected]

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Press Releases
· Dept. of Natural Resources: Secretary Matt Frank announces $250,000 energy grant to Eden company
· Gov. Doyle: To address climate and energy summit in Germany
· UW-Madison: New UW course helps biotech and biomedical companies successfully bring products to market
· Whyte Hirschboeck Dudek: Adds four attorneys
· Wisconsin Farm Bureau: Posts membership growth in 2008

For these and more releases visit http://www.wisbusiness.com/index.iml?Content=82


TOP STORIES
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Political leaders agree on bailout: Congressional leaders and the White House agreed Sunday to a $700 billion rescue of the ailing financial industry after lawmakers insisted on sharing spending controls with the Bush administration.
http://www.jsonline.com/story/index.aspx?id=800240

Congress approves Great Lakes clean-up bill: Congress is sending President Bush a bill that would extend for two years a federal program to clean up areas of pollution and contaminated sediment around the Great Lakes. The House voted 411-9 Sunday in favor of the measure approving $54 million a year over the next two years for the project.
http://hosted.ap.org/dynamic/stories/C/CONGRESS_GREAT_LAKES_WIOL-?SITE=WIMAD&SECTION=HOME&TEMPLATE=DEFAULT

Teamsters end strike against Waste Management: Striking Teamsters voted to accept Waste Management’s “best and final offer,” ending a month-long walkout by garbage truck drivers, equipment operators and maintenance workers. The union approved the company’s latest offer Sunday after twice voting to reject its offer. Waste Management officials say the 5-year contract includes scaled-back wages and health care benefits.
http://hosted.ap.org/dynamic/stories/W/WI_GARBAGE_STRIKE_WIOL-?SITE=WIMAD&SECTION=HOME&TEMPLATE=DEFAULT

Appleton company trade fight advances: The company Appleton Friday won another battle in its antidumping war against two foreign suppliers. The U.S. Department of Commerce affirmed that certain Chinese producers and exporters of lightweight thermal paper sold the product in the United States at prices below fair value and imposed final duties of 19.7 percent and 115 percent on those products.
http://www.postcrescent.com/apps/pbcs.dll/article?AID=/20080927/APC03/80927005/1028

MEGTEC changes hands in De Pere: MEGTEC Systems managers and a private equity firm have bought the company from Sequa Corp. Hamilton Robinson of Stamford, Conn., joined with management and co-investors to buy the company, which provides printing, web coating, packaging, wood products and other process and energy market services. MEGTEC will be a stand-alone company with no major change in management structure or day-to-day operations, the companies said.
http://www.postcrescent.com/apps/pbcs.dll/article?AID=/20080929/APC03/809290414/1028

Actuant closes on purchase of Cortland Companies: Actuant Corp. of Butler said Friday that it has completed its purchase of Cortland Companies, a New York City firm that produces electro-mechanical and steel cables and umbilicals, for $230 million.
http://www.bizjournals.com/milwaukee/stories/2008/09/22/daily51.html

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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
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TECHNOLOGY (back to top)
– New robot roams halls of Clinic lab
http://www.wisconsinrapidstribune.com/apps/pbcs.dll/article?AID=/20080929/WRT0101/809290451/1806&located=RSS

ECONOMY (back to top)
– Real estate insiders see market upheaval into 2010
http://www.bizjournals.com/milwaukee/stories/2008/09/22/daily48.html

– Green Bay: August unemployment by the numbers
http://www.greenbaypressgazette.com/apps/pbcs.dll/article?AID=/20080927/GPG03/309270044/1247

– Development center in Green Bay gains businesses
http://www.greenbaypressgazette.com/apps/pbcs.dll/article?AID=/20080927/GPG03/809270647/1247

Milwaukee: How local business leaders are coping
http://www.jsonline.com/story/index.aspx?id=799747

LABOR (back to top)
– Green Bay: Young professionals like area’s quality of life
http://www.greenbaypressgazette.com/apps/pbcs.dll/article?AID=/20080928/GPG03/809280681/1247

SMALL BUSINESS (back to top)
– Entrepreneurs find niche making house calls
http://www.postcrescent.com/apps/pbcs.dll/article?AID=/20080928/APC03/809280529/1028

– Bassett owner is bankrupt
http://www.greenbaypressgazette.com/apps/pbcs.dll/article?AID=/20080929/GPG03/809290526/1247

– Aiming for the American Dream; Hi-Fi Cafe owner sold profitable business to open a retail shop
http://www.bizjournals.com/milwaukee/stories/2008/09/29/smallb1.html?b=1222660800^1706922

INVESTING (back to top)
– Oshkosh Corp. revises forecast; outlook improved
http://www.postcrescent.com/apps/pbcs.dll/article?AID=/20080926/APC03/80926109/1028

– New private equity fund focuses on state ag tech
http://www.madison.com/tct/business/306626

– Wisconsin Energy sells $300 million in bonds
http://www.jsonline.com/story/index.aspx?id=799811

REAL ESTATE (back to top)
– Grants aim to cut home abandonment
http://www.greenbaypressgazette.com/apps/pbcs.dll/article?AID=/20080929/GPG0101/809290542/1207

– A second Madison house gets greened
http://www.madison.com/wsj/home/biz/306736

– Fullhouse anchors new project
http://www.jsonline.com/story/index.aspx?id=799767

– M&I wins $10.6 million Arizona housing judgment
http://www.bizjournals.com/milwaukee/stories/2008/09/29/story5.html?b=1222660800^1706781

– Hammes made health care a specialty in real estate
http://www.bizjournals.com/milwaukee/stories/2008/09/29/story9.html?b=1222660800^1706819

AGRIBUSINESS (back to top)
– Poor reproduction a drain on dairy bottom line
http://www.fdlreporter.com/apps/pbcs.dll/article?AID=/20080928/FON03/809280494/1327

– Getting the lowdown on the repair workload
http://www.greenbaypressgazette.com/apps/pbcs.dll/article?AID=/20080929/GPG03/809290529/1247

– Farmers not having problem getting ag credit
http://www.madison.com/tct/business/306687

RETAIL (back to top)
– Fast Signs delivers its message
http://www.postcrescent.com/apps/pbcs.dll/article?AID=/20080927/APC03/80927008/1028

– Shopko to build a second store in Oshkosh on the north side
http://www.thenorthwestern.com/apps/pbcs.dll/article?AID=/20080927/OSH03/809270421/1167

РBeaver Dam Herberger’s to expand, convert to Boston Store
http://www.bizjournals.com/milwaukee/stories/2008/09/22/daily45.html

TOURISM (back to top)
– Local officials: Gas prices hurt, but fall colors should draw tourists
http://www.rivervalleynewspapers.com/articles/2008/09/29/business/01tourism.txt

UTILITIES (back to top)
– Utility crews return from Ike aid mission
http://www.postcrescent.com/apps/pbcs.dll/article?AID=/20080929/APC0101/809290420/1004&located=RSS

– WPS moves up in rating study
http://www.greenbaypressgazette.com/apps/pbcs.dll/article?AID=/20080927/GPG03/809270646/1247

– ATC adds new board member
http://www.bizjournals.com/milwaukee/stories/2008/09/22/daily50.html

HEALTH CARE (back to top)
– ThedaCare completes New London update
http://www.postcrescent.com/apps/pbcs.dll/article?AID=/20080928/APC03/809280534/1028

FINANCIAL SERVICES (back to top)
РMidwest owner TPG loses big on WaMu’s failure
http://www.bizjournals.com/milwaukee/stories/2008/09/22/daily49.html

– MGIC moves to cut loss risk
http://www.bizjournals.com/milwaukee/stories/2008/09/22/daily46.html

MANAGEMENT (back to top)
– Tourism bureau exec lands state position
http://www.postcrescent.com/apps/pbcs.dll/article?AID=/20080927/APC03/80927004/1028

BUSINESS COLUMNS (back to top)
– Richard Ryman column: Coaches Corner keeps cornering market
http://www.greenbaypressgazette.com/apps/pbcs.dll/article?AID=/20080928/GPG0703/809280677/1247/GPG03

– John Torinus: Manufacturers holding their own in meltdown
http://www.jsonline.com/story/index.aspx?id=799730

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National Business Roundups ( back to top)
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