(WisBusiness) TUES News Summary — 28 Oct. 2008

From WisBusiness.com …

— Allied Automotive Group, based in Atlanta, filed notice it will close its terminal in Janesville and eliminate 117 positions in December. The closing is a result of GM’s plans to close its Janesville plant.

— U.S. Rep. Paul Ryan isn’t giving up hope that ailing automaker GM might return to Janesville someday and gave credit Monday to UAW Local 95 for putting a competitive package together.

“All other things being equal, I think we have a very good dialog and we have a pretty good chance of getting something successful,” Ryan, R-Janesville, told a WisPolitics.com luncheon at the Madison Club. “But all other things aren’t equal, and GM is fighting for their own survival. That’s our problem.”

Ryan said couldn’t get into details of the negotiations between General Motors and a task force appointed by Gov. Jim Doyle.

“If it weren’t for (the union), if it weren’t for their leadership and the contract they cut, which is the most competitive contract in America, we wouldn’t even be in the hunt with this,” he said.

Read more from Ryan:




**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
· AT&T: U-Verse arrives in Madison area, bringing a new TV choice and more competition
· Baird Capital Partners: Completes add-on acquisition for MedData
· Burger Boat Company: Displaying two motor yachts at the Ft. Lauderdale International Boat Show
· Kalahari Resort: Employee Joey Greeno named “rising star” by Meeting Profressionals International
· We Energies: Submits application for Columbia County wind project
· Wisconsin Bio Industry Alliance: New evidence ethanol not responsible for rising food costs

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


Appleton slashes 95 paper mill jobs: Fewer people buying homes and traveling by plane has translated to a drop in demand for carbonless business forms, which is the main reason for 95 job cuts at papermaker Appleton. The company announced Monday that it will eliminate 75 full-time production jobs and 20 temporary positions at its converting plant here. The job reductions will include voluntary and involuntary terminations that will take place between late October and early 2009. “It’s all related to the economy,” said Bill Van Den Brandt, a spokesman for Appleton.

First bank bailout moving this week: The government prepared Monday to move the first batch of bailout money to banks as fretful world markets plunged again. Wall Street ended with a big drop at the closing bell, sending the Dow Jones industrials to their lowest close since the financial meltdown began. The Treasury Department said it would start moving $125 billion to nine major banks this week by buying ownership stakes, the first big transfer since the $700 billion bailout package was passed early this month.

We Energies proposes 90 wind turbines : We Energies is asking state regulators to build 90 wind turbines in Columbia County at a cost of $340 million to $530 million. The proposed Glacier Hills Wind Park in the towns of Randolph and Scott, 45 miles northeast of Madison, would be the state’s largest wind power project. The wind park would generate as much as 207 megawatts of electricity, which is enough to power about 45,000 homes.

Manitowoc Co. purchase of Enodis is final: Manitowoc Co. Inc. says it has completed its $2.7 billion purchase of British cooking equipment supplier Enodis PLC. Manitowoc says the deal will give it greater capacity to produce refrigerators, ice makers, beverage dispensers and other commercial kitchen equipment. The Wisconsin-based company also has divisions that make ships and construction cranes.


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)
– API Software’s growth potential attracts buyer

ECONOMY (back to top)
– Business association could be casualty of Portage County budget cuts

MANUFACTURING (back to top)
– Manufacturers savor exposure at Badger Wholesale Food Show

LABOR (back to top)
– Survey: Employee perks resist economic ebb, flow

– Looking for seasonal job? Online retailers may be best bet

SMALL BUSINESS (back to top)
– Shrinky Dinks founder hopes to sell toy business

INVESTING (back to top)
– NewPage Corp. resets third-quarter report

REAL ESTATE (back to top)
– UWM plan goes forward

– Park East developer could get extension to find construction financing

TRANSPORTATION (back to top)
– Small cars can bring bigger insurance payments

REGULATION (back to top)
– Chippewa Falls approves permit for sand processing

TOURISM (back to top)
– Gimbel big force behind convention center

UTILITIES (back to top)
– Town of Menasha faces higher sewer and refuse pickup fees

– Integrys to release third-quarter earnings

– Wausau Paper 3Q profits drop

HEALTH CARE (back to top)
– Gielow returns to roots as dean of pharmacy school

– Wisconsin Medical Society discourages gifts from drug firms

– Associated Bank declares dividend

– Humana profits plummet 40% in third quarter

– Harbor Credit Union warns its members

– Baird portfolio firm buys Ohio company

MANAGEMENT (back to top)
– ‘Authentic’ leaders help others see and endorse the vision

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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