(WisBusiness) MON News Summary — 6 Oct. 2008

From WisBusiness.com …

— TODAY: Dave Stark of Stark Company Realtors will discuss the state of the housing industry at a WisBusiness.com Luncheon at the Madison Club. The luncheon, organized by the Madison Club, Madison Magazine, and WisBusiness.com, is slated for 11:45 a.m.

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

— Heller Ehrman provided notice to the state detailing the permanent layoff of 25 workers at the firm’s Madison location, which will close.

The Madison layoffs are part of the firm’s layoff of 1,191 workers nationally beginning on or about Nov. 28.

— In the eyes of AFL-CIO of Wisconsin President David Newby, there couldn’t be any more at stake this fall for unions.

“There is a sense that we can win this and that we have to, that this might be our last chance really at getting the kind of economic policies and trade policies in place that are going to save the industrial sector of our economy and as a result, some of our major unions in that sector,” Newby said in a new interview with WisPolitics.

Newby said Wisconsin’s unions remain strong, but the economy is very frightening with rising unemployment, plant closings, international pressure, “bad trade agreements that have had a real impact on the paper industry and in some cases simply bad management or corporate greed, which has resulted in the shutting of manufacturing facilities.

See more from Newby later at www.wisbusiness.com

— Columnist Gregg Hoffmann says Barack Obama’s message during his visit to La Crosse hit home for western Wisconsin businesses.

Obama emphasized help to small businesses and people making under $250,000 a year. Those type of businesses and people are the backbone of the economy in western Wisconsin.

Read Hoffmann’s new column for more:

http://www.wisbusiness.com/index.iml?Content=202

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Press Releases
· Dept. of Agriculture, Trade and Consumer Protection: Farm mediation, arbitration program calls for new mediator candidates
· Gov. Doyle: Governor Doyle Announces $3.8 Million Grant to Assist General Motors and Other Auto Industry Workers in South Central Wisconsin
· Wisconsin Bankers Association: Applauds House action on stabilization package

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


TOP STORIES
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Marinette Marine to lay off more: Marinette Marine’s chief executive officer says it will lay off more workers next month. The shipbuilding division of Manitowoc Co. laid off about 90 union workers last month because of delays in contract awards from the Coast Guard and the U.S. Navy. CEO Richard McCreary said Friday that more layoffs were expected after the company lost a $1.5 billion bid to build 34 U.S. Coast Guard patrol boats over about seven years.
http://www.greenbaypressgazette.com/apps/pbcs.dll/article?AID=/20081004/GPG03/810040670/1247

Lieutenant governors make economic trip to China: The lieutenant governors of five states, including Wisconsin, will be in China next week on a mission to bring jobs and economic development to the U.S. Wisconsin Lt. Gov. Barbara Lawton says her goal is to give Chinese officials a clear vision of Wisconsin’s business climate, hardworking employees and environmental expertise.
http://www.madison.com/tct/business/308013

AIG plan to sell operations affects Milwaukee offices: American International Group said Friday it will sell company assets to repay loans, a move that will affect its operations in Milwaukee. Chairman and chief executive Ed Liddy, in a conference call with investors, said the company will retain its U.S. property and casualty operations, foreign general insurance business and foreign life insurance operations. AIG’s worldwide property and casualty businesses generated approximately $40 billion in revenue in 2007.
http://www.bizjournals.com/milwaukee/stories/2008/09/29/daily59.html

Study: Razing Hoan Bridge would create billions in development: The Wisconsin Department of Transportation released a $175,000 study Oct. 2 on the Hoan Bridge that estimates more than 500 acres could be developed, creating $5.7 billion in construction value, if the high-rise bridge were demolished and rebuilt at ground level.
http://www.bizjournals.com/milwaukee/stories/2008/09/29/daily49.html

Wisconsin to produce largest wheat harvest yet: Wisconsin will produce its largest wheat harvest in state history this year. That’s according to the National Agricultural Statistics Service, which says Wisconsin will produce 23 million bushels of wheat, up 22 percent from last year.
http://www.madison.com/tct/business/308017

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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)
– Hal Leonard to sell Allegro interactive piano software
http://www.bizjournals.com/milwaukee/stories/2008/09/29/daily51.html

– AT&T, Time Warner offer cheaper broadband
http://www.jsonline.com/story/index.aspx?id=802821

BIOTECH (back to top)
– Lilly to Buy ImClone for $6.5 Billion
http://www.thestreet.com/story/10440816/1/lilly-to-buy-imclone-for-65-billion.html?puc=googlefi&cm_ven=GOOGLEFI&cm_cat=FREE&cm_ite=NA

ECONOMY (back to top)
– Economy overshadows all other issues in this year’s election
http://www.postcrescent.com/apps/pbcs.dll/article?AID=/20081006/APC0101/810060439/1004&located=RSS

– Economy expected to remain sluggish
http://www.jsonline.com/story/index.aspx?id=802421

MANUFACTURING (back to top)
– Wrightstown activist passionate about keeping NewPage mill open
http://www.postcrescent.com/apps/pbcs.dll/article?AID=/20081006/APC0101/810060438/1004&located=RSS

– Marinette Marine to lay off more
http://www.greenbaypressgazette.com/apps/pbcs.dll/article?AID=/20081004/GPG03/810040670/1247

– Green Bay: Area manufacturing on solid footing
http://www.greenbaypressgazette.com/apps/pbcs.dll/article?AID=/20081005/GPG03/810050709/1247

LABOR (back to top)
– Manufacturers face lack of new workers
http://www.greenbaypressgazette.com/apps/pbcs.dll/article?AID=/20081006/GPG03/810060496/1247

– Law firm closing its Madison office
http://www.madison.com/tct/business/307947

– Employment outlook is bleak
http://www.jsonline.com/story/index.aspx?id=802432

SMALL BUSINESS (back to top)
– Family-owned business changes theme
http://www.fdlreporter.com/apps/pbcs.dll/article?AID=/20081006/FON0101/810060334/1289&located=RSS

– Executive Q&A – Pat McGowan: Bookstore evolves as business changes
http://www.madison.com/wsj/home/biz/307794

– Entrepreneurs insulated from roiling financial markets
http://www.jsonline.com/story/index.aspx?id=802400

– Group will aid entrepreneurs in starting businesses
http://www.bizjournals.com/milwaukee/stories/2008/10/06/story12.html?b=1223265600^1711177

INVESTING (back to top)
– Investors hope to sow farming advances
http://www.jsonline.com/story/index.aspx?id=802391

REAL ESTATE (back to top)
– Property taxes on the rise
http://www.sheboyganpress.com/apps/pbcs.dll/article?AID=/20081006/SHE0101/810060363/1062&located=RSS

– Madison area home prices buck trend, remain stable
http://www.madison.com/wsj/home/biz/307827

– Culver’s to break ground on new headquarters
http://www.madison.com/wsj/home/biz/307836

– High-rise managers buy 100 condos
http://www.jsonline.com/story/index.aspx?id=802424

AGRIBUSINESS (back to top)
– Farmer angry that ‘wolves win’
http://www.marshfieldnewsherald.com/apps/pbcs.dll/article?AID=/20081006/MNH0101/810060418/1581&located=RSS

– Weather adds up to decreased harvest
http://www.greenbaypressgazette.com/apps/pbcs.dll/article?AID=/20081004/GPG03/810040666/1247

– Brothers continue winemaking tradition
http://www.greenbaypressgazette.com/apps/pbcs.dll/article?AID=/20081005/GPG03/810050708/1247

– Wisconsin vineyard owners create group
http://www.greenbaypressgazette.com/apps/pbcs.dll/article?AID=/20081006/GPG03/810060498/1247

– Japanese marketing experts to tour cranberry bogs
http://www.madison.com/tct/business/308014

– Cross Country: Dairy Expo’s cow judging draws a herd
http://www.madison.com/tct/business/307837

– First the chicken, then the egg: Finding new business in poultry
http://www.bizjournals.com/milwaukee/stories/2008/10/06/smallb1.html?b=1223265600^1711215

TRANSPORTATION (back to top)
– Schneider Logistics named SmartWay partner
http://www.greenbaypressgazette.com/apps/pbcs.dll/article?AID=/20081006/GPG03/810060497/1247

– Illinois travelers fuel passenger growth at Mitchell
http://www.bizjournals.com/milwaukee/stories/2008/09/29/daily57.html

– Northwest traffic dips in September
http://www.bizjournals.com/milwaukee/stories/2008/09/29/daily58.html

– Transit ads target business community
http://www.bizjournals.com/milwaukee/stories/2008/10/06/story14.html?b=1223265600^1711187

RETAIL (back to top)
– Rise of the dollar store
http://www.thenorthwestern.com/apps/pbcs.dll/article?AID=/20081005/OSH03/810050519/1167

– Hallmark store opens in Valley View Mall
http://www.rivervalleynewspapers.com/articles/2008/10/06/business/00cahalan.txt

– Howes Diamond Jewelers settles into new downtown location
http://www.rivervalleynewspapers.com/articles/2008/10/06/business/01howes.txt

– Grocery survivors: Chain supermarkets are all over, but determined, hard-working independents hang in there
http://www.madison.com/wsj/home/biz/307800

– Curious George featured in Kohl’s Cares for Kids
http://www.bizjournals.com/milwaukee/stories/2008/09/29/daily50.html

UTILITIES (back to top)
– Seeking clear answers on water
http://www.jsonline.com/story/index.aspx?id=802394

– Water hub taps into future
http://www.jsonline.com/story/index.aspx?id=802404

HEALTH CARE (back to top)
– More Milwaukee health systems moving to electronic health records
http://www.jsonline.com/story/index.aspx?id=802402

– Hospital design not kid stuff
http://www.jsonline.com/story/index.aspx?id=802454

FINANCIAL SERVICES (back to top)
– Crisis renews sensible lending
http://www.wausaudailyherald.com/apps/pbcs.dll/article?AID=/20081006/WDH0101/810060494/1581&located=RSS

BUSINESS COLUMNS (back to top)
– Richard Ryman column: Area stores get ready for their openings
http://www.greenbaypressgazette.com/apps/pbcs.dll/article?AID=/20081005/GPG0703/810050707/1247/GPG03

– Tom Saler: Federal bailout doesn’t end flood of problems
http://www.jsonline.com/story/index.aspx?id=802392

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National Business Roundups ( back to top)
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