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:
http://www.wisbusiness.com/index.iml?Article=140061
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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
TOP STORIES
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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.
http://www.postcrescent.com/article/20081028/APC0101/810280517/1004&located=RSS
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.
http://www.greenbaypressgazette.com/article/20081028/GPG0101/810280602/1207&located=RSS
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.
http://hosted.ap.org/dynamic/stories/W/WI_WIND_PROJECT_WIOL-?SITE=WIMAD&SECTION=HOME&TEMPLATE=DEFAULT
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.
http://www.greenbaypressgazette.com/article/20081028/GPG03/810280582/1247
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TECHNOLOGY (back to top)
– API Software’s growth potential attracts buyer
http://www.jsonline.com/business/33397159.html
ECONOMY (back to top)
– Business association could be casualty of Portage County budget cuts
http://www.stevenspointjournal.com/article/20081028/SPJ0101/810280677/1657&located=RSS
MANUFACTURING (back to top)
– Manufacturers savor exposure at Badger Wholesale Food Show
http://www.greenbaypressgazette.com/article/20081028/GPG03/810280571/1247
LABOR (back to top)
– Survey: Employee perks resist economic ebb, flow
http://www.postcrescent.com/article/20081028/APC03/810280500/1028
– Looking for seasonal job? Online retailers may be best bet
http://www.madison.com/wsj/topstories/311538
SMALL BUSINESS (back to top)
– Shrinky Dinks founder hopes to sell toy business
http://www.jsonline.com/business/33422804.html
INVESTING (back to top)
– NewPage Corp. resets third-quarter report
http://www.postcrescent.com/article/20081028/APC03/810280505/1028
REAL ESTATE (back to top)
– UWM plan goes forward
http://www.jsonline.com/business/33402654.html
– Park East developer could get extension to find construction financing
http://www.jsonline.com/business/33420009.html
TRANSPORTATION (back to top)
– Small cars can bring bigger insurance payments
http://www.madison.com/wsj/home/biz/311509
REGULATION (back to top)
– Chippewa Falls approves permit for sand processing
http://hosted.ap.org/dynamic/stories/W/WI_SAND_MINE_WIOL-?SITE=WIMAD&SECTION=HOME&TEMPLATE=DEFAULT
TOURISM (back to top)
– Gimbel big force behind convention center
http://www.bizjournals.com/milwaukee/stories/2008/10/27/story10.html?b=1225080000^1722448
UTILITIES (back to top)
– Town of Menasha faces higher sewer and refuse pickup fees
http://www.postcrescent.com/article/20081028/APC0101/810280537/1004&located=RSS
– Integrys to release third-quarter earnings
http://www.postcrescent.com/article/20081028/APC03/810280513/1028
– Wausau Paper 3Q profits drop
http://www.bizjournals.com/milwaukee/stories/2008/10/27/daily10.html
HEALTH CARE (back to top)
– Gielow returns to roots as dean of pharmacy school
http://www.bizjournals.com/milwaukee/stories/2008/10/27/story11.html?b=1225080000^1722458
– Wisconsin Medical Society discourages gifts from drug firms
http://www.jsonline.com/business/33422599.html
FINANCIAL SERVICES (back to top)
– Associated Bank declares dividend
http://www.postcrescent.com/article/20081028/APC03/810280515/1028
– Humana profits plummet 40% in third quarter
http://www.greenbaypressgazette.com/article/20081028/GPG03/810280581/1247
– Harbor Credit Union warns its members
http://www.greenbaypressgazette.com/article/20081028/GPG03/810280588/1247
– Baird portfolio firm buys Ohio company
http://www.bizjournals.com/milwaukee/stories/2008/10/27/daily6.html
MANAGEMENT (back to top)
– ‘Authentic’ leaders help others see and endorse the vision
http://www.htrnews.com/article/20081026/MAN03/810260516/1397
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