From WisBusiness.com …
— As congressional and White House negotiators work on a tentative $15 billion loan package for the Big Three automakers, U.S. Rep. Gwen Moore says Congress has to make sure it’s “not just a bailout.”
Moore, D-Milwaukee, and a member of the House Financial Services Committee, says a consensus is developing among members of Congress that “we should do something.” But she told “UpFront with Mike Gousha” that it needs to be an investment.
“We want to make sure this industry can actually survive and we’re not just providing them liquidity for the next three months or so.”
She said other countries are helping their auto industries and to not do so in the United States would result in $200 billion in additional Medicaid and unemployment costs. “It will be catastrophic,” she said.
“UpFront” also talks to Bill Sepic, the president of the Wisconsin Auto and Truck Dealers Association, about the fate of thousands of dealerships is tied to the auto industry.
WisPolitics.com and WISN-TV in Milwaukee are partners in the”UpFront” statewide TV show along with various TV stations around the state.
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— If you’re looking at doing business in parts of southwest Wisconsin, WisBusiness columnist Gregg Hoffmann says it’s best to make it as green as possible.
Environmentalists, organic farmers, citizens groups and an increasing number of elected officials have made it clear that the environment needs to be part of any business equation, Hoffmann writes in his new column.
See the column for more:
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· AG Van Hollen: Asphalt Specialists of Middleton to pay $23,332 for violating Wisconsin’s Home Improvement Code and for engaging in deceptive business practices
· Gov. Doyle: Opens County Highway A and begins refilling Lake Delton
· Marshall & Ilsley Corp.: To participate in the FDIC’s Temporary Liquidity Guarantee Program
· New North Inc.: Governor Doyle to address annual New North Summit
· Orion Energy Systems: Receives esteemed Platts Global Energy award
· Planet Propaganda: Creates new look for LeAnn Rimes
· Quintessence Biosciences: Cancer drug, QBI-139, clears FDA review to start Phase I human trial
· Trig’s: Trig’s partners with WRJO to help stock local food pantries
· Wilderness on the Lake: To celebrate reopening of Lake Delton by offering all guests from June 9, 2008 a free night’s stay on June 9, 2009
For these and more releases visit http://www.wisbusiness.com/index.iml?Content=82
Printing firm Serigraph announces layoffs: Serigraph Inc. in West Bend announced Friday that it will lay off about 50 full-time employees through a combination of early retirements and permanent layoffs. “This is a sad day for Serigraph. Our sales, particularly to our automotive and appliance customers, have suffered an unprecedented drop. We needed to make these reductions to get our costs in line with the reduced sales,” said Sean Torinus, chief executive officer.
Intel fires back, sues WARF : Already in court in a patent infringement lawsuit, computer chip giant Intel fired back at UW-Madison on Friday with a lawsuit of its own, this one alleging that Intel was denied the use of UW research that the company funded. A popular Intel computer chip inside millions of computers is at the heart of the controversy between Intel and UW-Madison.
Fidelity will close Middleton office : Fidelity National Information Services will close its Middleton office and lay off 53 employees. The Jacksonville, Fla., company provides payment and processing services for the financial industry. It merged in 2006 with Certegy, a credit card processing company.
Plymouth Tube Co. to lay off 31 workers: Plymouth Tube Co. in East Troy has filed a notice with the state Department of Workforce Development that it plans to lay off “an unspecified number of workers” beginning Jan. 30, 2009. When contact by DWD officials, the company, which has more than 100 employees, said the layoff would affect 31 workers. The company’s shop employees are represented by the United Steelworkers.
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
TECHNOLOGY (back to top)
– Goodwill expands thrift market with Web site offerings
– Some TV viewers using an antenna find fault with digital signal
– AT&T launching U-verse phone on Monday
– Travel Web sites see drop in traffic
– Quintessence gets FDA OK
– Wausau city development slows down, though downtown projects show promise
– Portage County hit by construction slowdown
– CEOs predict hard times ahead
– Local auto dealers consider effects of bailout
MANUFACTURING (back to top)
– Owners of NewPage Kimberly mill coming for meeting
– Struggling Stoughton companies to rely on creative thinking
– Johnson Controls limits ‘golden coffin’ executive perk
– Claims for unemployment insurance up 13% to date
– Maritime Divers helps scuba enthusiasts enjoy diving near and far
INVESTING (back to top)
– Johnson Outdoors reports 4Q loss
– More women in state running farms
TRANSPORTATION (back to top)
– Lawton asks Midwest to protect jobs in Wisconsin
– Midwest’s market share slips
RETAIL (back to top)
– Despite economy, big box stores still on track
– Be cautious when using payday loan stores
– Atomic Records to close in February
UTILITIES (back to top)
– Little city is at center of a great debate
– Wind over water
– Holiday lights going green
HEALTH CARE (back to top)
– N.E.W. Curative Rehabilitation helps disabled, elderly be independent
FINANCIAL SERVICES (back to top)
– Baylake Bank appoints new president
– Staying on an even keel
– Health insurance after layoff
MANAGEMENT (back to top)
– Johnson Controls CEO Roell got $14.9M in 2008
– Menasha Corp.’s CEO among top businessmen
– FVTC names director of foundation
– New president, COO named at Baylake
– Actuant CEO pay increases 9%
BUSINESS COLUMNS (back to top)
– John Van Driest column: Customers redefine value during tough economic times
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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