From WisBusiness.com …
— Wisconsin will receive nearly $1.6 million as its part of a $58 million payment from the drug giant Merck. The money stems from a suit charging that Merck “misrepresented the cardiovascular safety of Vioxx,” according to state Attorney General J.B. Van Hollen’s office.
Merck began marketing the arthritis drug in 1999 and withdrew it from the market in 2004 after acknowledging its defects. According to the Wall Street Journal, Vioxx may have led to more than 27,000 heart attacks and sudden cardiac deaths before it was pulled from the shelves.
In a lawsuit with a stipulated judgment filed in Dane County Circuit Court today, Van Hollen asked that Merck be prevented from “deceptively” promoting any of its other products in the future. Similar suits were filed in 29 other states.
See the release:
— AFT-Wisconsin President Bryan Kennedy is urging the Regent Committee for the UW-Madison Chancellor Search to disqualify two of the final four candidates for the position based on their views regarding collective bargaining for UW faculty.
Kennedy wrote in a letter to the committee that finalists Tim Mulcahy and Rebecca Blank each expressed in their public forums on the Madison campus that faculty and academic staff shouldn’t be allowed to unionize.
“I am optimistic that you will appreciate that allowing the democratic empowerment of the University’s core workforce is necessary for strengthening UW-Madison as well as the entire UW System,” Kennedy writes.
The Regent committee will meet tomorrow in closed session to continue deliberations on the next chancellor of UW-Madison.
See the AFT letter:
— U.S. Rep. Paul Ryan will unveil his “Roadmap for America’s Future” at a news conference today.
Ryan, R-Janesville, touted the plan at the state GOP convention over the weekend, saying it would focus on health and retirement security and global economic issues.
Ryan said the plan will be “controversial in some quarters.” But he said it’s time for Republicans to “take stock of who we are and take stock of the messes we’ve created.”
— Glendale-based Johnson Controls Inc. plans to open a new manufacturing plant in West Point, Ga., to build and supply vehicle seating and interior products to Kia Motors Manufacturing Georgia Inc.
The plant, which is expected to open in the summer of 2009, will be located about 70 miles from Atlanta. The plant is expected to employ approximately 310 people when it reaches full production.
The company is building a 130,000-square-foot facility on 20 acres at the Northwest Harris Business Park in Harris County, Ga. When it launches production in fall 2009, Johnson Controls will supply complete seat systems and door panels for a next-generation Kia SUV.
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SBA Disaster Loan Deadline Is June 18
Stipulated judgment against Merck Pharmaceutical filed by Attorney General J.B. Van Hollen resolving a three-year investigation into the company’s marketing of Vioxx
We Energies Wind Project Begins Commercial Operation
For these and more releases visit http://www.wisbusiness.com/index.iml?Content=82
Enodis backs Manitowoc Co. takeover offer: British cooking-equipment supplier Enodis PLC on Tuesday endorsed a sweetened takeover bid by The Manitowoc Co., just as it backed two previous approaches. Manitowoc raised its offer to 296 pence ($5.79) per share on Monday, valuing Enodis at 1.08 billion pounds ($2.1 billion). Illinois Tool Works of Glenville, Ill., which had offered 282 pence ($5.51) per share, said Monday that it was considering its position. Manitowoc, the biggest ice machine maker in the United States, opened up bidding on Enodis in April when it made an offer of 260 pence ($5.09) per share, which was accepted by the British company. Enodis’ board had supported all three offers in turn.
Johnson Controls to supply Kia plant: Glendale firm will make seats, door panels in Georgia… Continuing to expand its ties with international automakers, Johnson Controls Inc. plans to open a Georgia factory next summer to supply Kia Motors. The 130,000-square-foot plant in West Point, Ga., will make vehicle seating and door panels for Kia. Seoul-based Kia is building a $1.2 billion auto assembly and manufacturing plant – its first in the U.S. – in West Point. It is set to open in late 2009 and produce 300,000 vehicles annually when it reaches full production. The new plant by Johnson Controls is expected to employ 310 people when it reaches full production. When it begins production in 2009, the plant will supply complete seat systems and door panels for a next-generation Kia sport utility vehicle.
Cardinal Glass to open solar panel factory in Mazomanie: Cardinal Glass will build a $60 million factory in western Dane County that could employ 120 people by the end of 2009. The plant, to be built on a 26-acre site in Mazomanie’s industrial park, about 25 miles west of Madison, will manufacture two types of glass for use in solar photovoltaic panels. “It’s new technology, it’s timely and it’s an eco-product. It’s perfect,” said Mazomanie village President Scott Stokes. Groundbreaking for the first phase of the project will be June 9. A $30 million, 175,000-square-foot factory will be built and 40 to 45 employees will be hired to manufacture tempered glass panels.
Consultant: Business travelers, higher fares could protect Dane County Regional Airport from cutbacks: A higher percentage of business travelers and moderately higher average fares at the Dane County Regional Airport could help shield the airport from cutbacks during tough times ahead for the airline industry, an industry consultant said Tuesday. When major airlines cut back service as expected this spring and summer, the Madison airport could be protected because the routes are more profitable, said Ron McNeill, a former airline executive and now an industry consultant with Mead & Hunt of Madison.
Turning the ship around: Company celebrates yacht brand’s return to state… K.C. Stock was at a Florida airport when his banker from Wisconsin told him that the old Cruisers yacht factory was going to be sold at auction if somebody didn’t buy the place soon. It was on a Saturday 15 years ago. The banker wanted to know if Stock was interested in acquiring the factory, which was nearly shut down and in poor condition. There wasn’t much time to decide, the banker said, so Stock returned to Wisconsin that afternoon. The Oconto native toured the factory and met with the banker handling the sale. Shortly after that, for an undisclosed sum, he became the owner of a boat company.
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)
– Patients’ hospital ratings shared via Web site
– Films from Web to TV
BIOTECH (back to top)
– Wisconsin to get $1.5M in Merck Vioxx settlement
– Spectrum sells pet division
MANUFACTURING (back to top)
– Johnson Controls to expand to Georgia
– RBA Inc. buys steel fabricator
LABOR (back to top)
– Boilermakers continue strike in Kewaunee
– Janesville GM buyout number over 450
– Convicts face bleak job prospects after release
– Sharkeyís to get makeover under new owners
INVESTING (back to top)
– Manitowoc Co. declares dividend
– Stocks stumble on record oil, inflation worries
– Investor concerns deepen
REAL ESTATE (back to top)
– Panel OKs housing plan
– U.S. attorney may investigate Younkers deal
– Hotels seek more space in Madison
– WPS parent wants to sell north woods property
– Kohl Welcomes Steps to Restore Downer Cow Ban at Meat Plants
– Milwaukee lands Port security grant
– Whatís next for Hartford airport?
– Express bus idea leaves some behind
– Midwest expands Northwest codeshare pact
RETAIL (back to top)
– Miller Brewing expanding rollout of MGD 64
– My Menu Stores ready to launch here
– Kohlís to help fund new UW retailing center
– Take and bake store is on the rise
– Alderman wants to limit sale of cheap beer in Downtown Madison
– Charter is dropping cable deal with Madison
– House passes Kagen’s bill to take on oil cartels
– Waukesha mulls Northwoods baseball
– Rams make pick of Concordia for training camp official
– Segway Tours moves to Discovery World
– MGE customers embrace green power
– Integrys offers land for sale
– Delo will head water authority
– Friends of refuge weigh in on power line
– Integrys CEO says company making strides to go green
– Briggs executive Savage selling shares
– Broadwind president Brickner leaving company
– Tannette Johnson-Elie: Business owner uses networking to thrive
National Business Roundups ( back to top)
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