(WisBusiness) THURS News Summary — 30 Oct. 2008

From WisBusiness.com …

— Gov. Jim Doyle on Wednesday announced $500,000 in Technology Zone tax credits split between two state businesses.

D&S Manufacturing of Black River Falls is to receive $250,000 for a project expected to create 15 new positions. Northland Stainless Inc. in Tomahawk is to receive $250,000 for a project expected to create 12 new positions.

— As part of The F. Dohmen Co.’s 150th anniversary, COO Cynthia LaConte has announced it will make contributions totaling $750,000 to two Wisconsin organizations.

Through The F. Dohmen Co. Foundation, the Wisconsin Historical Society will receive $250,000 while the UW-Madison School of Pharmacy will receive $500,000 in the form of student scholarships. Half of the UW donation will go to the pharmacy practice division, and the rest will be committed to the pharmaceutical sciences division.

See details: http://www.wisbusiness.com/index.iml?Article=140324



**NOV. 3: New UW-Madison Chancellor Biddy Martin**

Madison Club

11:45 a.m.

The next WisBusiness.com Luncheon at the Madison Club, organized by the Madison Club, Madison Magazine, and WisBusiness.com, is slated for Monday, Nov. 3 at 11:45 a.m. The guest is new UW-Madison Chancellor Carolyn “Biddy” Martin.

To learn more about Chancellor Martin visit: http://www.chancellor.wisc.edu/

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.

**NOV. 18: A post-election look at where the state economy is heading**

Discovery World


7:30-9 a.m.

Featuring: Commerce Secretary Richard Leinenkugel, former Commerce Secretary Cory L. Nettles of Quarles & Brady, Competitive Wisconsin Director and former Commerce Secretary William McCoshen, state Sen. Ted Kanavas, a member of the Senate committee on economic development, and UW-Madison political scientist Ken Goldstein.

Moderated by Mike Gousha of the Marquette Law School and host of “UpFront with Mike Gousha.”

Presented by WisPolitics.com/WisBusiness in cooperation with Competitive Wisconsin, MMAC and Discovery World. Quarles & Brady is an initial sponsor of the event.

See details: http://www.wisbusiness.com/index.iml?Article=139211



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Press Releases
· F. Dohmen Co.: Donates $750,000 to UW-Madison, Historical Society
· PDS: Acquires Vision Controls Corporation
· Connecting Rural America: On election day, FCC may vote to slash funds for rural cell service in Wisconsin
· Dept. of Commerce: Governor Doyle announces funding for D&S Manufacturing, Inc.
· Dept. of Commerce: Governor Doyle Announces Funding for Northland Stainless, Inc.
· Dept. of Commerce: Informational meetings on new electrical licensing and inspection requirements to be held in Berlin, Richland Center, Ashland, Rhinelander, Rice Lake
· Expo Productions, Inc.: Call for technical presentations at 9th annual Electrical Wire Processing Technology Expo
· RedPrairie Corp.: Demonstrates advanced recall during Microsoft keynote presentation
· The Employer Group: Brian Gile promoted
· UW-Madison: School for beginning market vegetable growers set for January
· UW-Madison: Wisconsin online career-matching resource launched

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


Fed cuts key interest rate to boost economy: The Federal Reserve has slashed a key interest rate by half a percentage point as it seeks to revive an economy hit by a long list of maladies stemming from the most severe financial crisis in decades. The central bank on Wednesday reduced its target for the federal funds rate, the interest banks charge on overnight loans, to 1 percent, a low last seen in 2003-2004. The funds rate has not been lower since 1958, when Dwight Eisenhower was president.

MillerCoors signs lease for Chicago HQ: MillerCoors LLC has signed a long-term lease in a boutique Wacker Drive office building, where the beermaker will relocate its headquarters operations in June from Milwaukee and Colorado. MillerCoors has signed a lease at 250 S. Wacker Drive. The joint venture of Molson Coors Brewing Co. and SABMiller PLC has signed a 15-year lease for about 129,000 square feet at 250 S. Wacker Drive, according to sources familiar with the transaction.

Oshkosh Corp. loses on $20 billion contract : In a decision that surprised Wall Street analysts, Oshkosh Corp. was eliminated from competition to develop a lightweight military tactical vehicle to replace the once mighty Humvee. Analysts had expected Northrop Grumman Corp. and its partner Oshkosh Truck Corp. to be among the winners for the $20 billion contract.

Delta, Northwest deal clears: Delta and Northwest airlines won antitrust approval on Wednesday, with the Justice Department saying the creation of what will be the world’s largest airline will help consumers without hurting competition. The approval means the only thing standing between the two airlines and the deal closing is a trial in San Francisco next week in a lawsuit brought by 28 travelers. Northwest CEO Doug Steenland has said he does not believe the lawsuit will stop the deal, which the carriers have said they hope to close by the end of this year.


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)
– WLUK back in Time Warner lineup

– Oneida recording studio has an ear for tradition

ECONOMY (back to top)
– Growth helps Bellevue keep control of taxes

MANUFACTURING (back to top)
– Digicorporation plans expansion to Neenah facility

– Oscar Mayer grows in third quarter

– Magnetek profit rises

– Manitowoc stock takes a tumble

LABOR (back to top)
– Former Rich Bakery Products worker retools his career as designer for Metso Paper

– Employers fear paid sick leave will raise their costs

INVESTING (back to top)
– Wisconsin Energy replacing MGIC in S&P 500

REAL ESTATE (back to top)
– Main Street businesses like downtown Oshkosh Main Street plan

– Homebuilding’s benefits outweigh costs, trade group’s study says

RETAIL (back to top)
– Halloween not scary for area retailers

– Willy Street Co-op loans manager to foundering Stoughton co-op

REGULATION (back to top)
– Bar owners in the village of Weston offer mixed feelings on idea of a smoking ban, but say a local restriction would hurt business

UTILITIES (back to top)
– Wisconsin Energy boosts 4th-quarter profit outlook

HEALTH CARE (back to top)
– Medical College launches public health doctoral program

– Hospitals investing more in interventional radiology

– More hospitals offer palliative care, focusing on quality of life

– Survey finds more employees pulling money from retirement accounts

MANAGEMENT (back to top)
– Chamber names Monique VP of economic development

Media Partners
Small Business Times
Madison Magazine

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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