(WisBusiness) MON News Summary — 30 Mar. 2009

From WisBusiness.com …

— MIC in Milwaukee has provided notice to the state that it will close its 5880 91st Street Milwaukee facility on May 26. The closure will affect 69 workers.

— Gov. Jim Doyle and Dane Count Exec. Kathleen Falk are due to announce a major investment in the Greater Madison area today at 11:45 a.m. at the Dane County Regional Airport in Madison.

— People are changing their mindset on how to dress in the workplace with the current economic situation.

For all of those readers out there who aren’t quite at the top of the pecking order yet, WisBusiness columnist Mitch Bram says dressing up can help to cement your position as a professional who takes your prospective position with the company seriously in these uncertain times. It may seem shallow, but Bram says looking and feeling the part is sometimes the only difference between who gets fired, and who can afford to pay the mortgage for a few more months.

Read Bram’s new column: http://www.wisbusiness.com/index.iml?Content=211

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4/6/2009- 11:45 a.m.

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The next WisBusiness.com Luncheon at the Madison Club is slated for Monday, April 6. The guest is Paula Bonner of the Wisconsin Alumni Association.

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The event is organized by the Madison Club, Madison Magazine, and WisBusiness.com .

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Press Releases
· Madison Fashion Week becomes “Wisconsin Fashion Week”
· Small Business Advisory Council: Unveils road construction survival guide for businesses
· Wisconsin Innovation Network: Navigating sales channels in today’s choppy waters is topic at April 9 WIN-Milwaukee meeting
· Wisconsin Public Service: 2009 Farm Show Seminar schedule

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


TOP STORIES
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Task Force Rejects Chrysler, GM Plans; Bankruptcy Looms
President Barack Obama is sending a blunt message to Detroit automakers: To survive—and win more government help—they must remake themselves top to bottom. Driving home the point, the White House ousted the General Motors chairman as it rejected GM and Chrysler’s restructuring plans. Obama is set to elaborate on that message Monday when he announces what his White House told reporters over the weekend: Neither GM nor Chrysler submitted acceptable plans to receive additional federal bailout money.
http://www.cnbc.com/id/29950420

Verona manufacturer Engineering Industries Inc. lays off 40 : Verona plastics company Engineering Industries Inc. laid off nearly 40 workers on Wednesday because of what company leaders called a “dramatic and unexpected drop” in customer orders.
http://www.madison.com/wsj/home/biz/444731

Universal Brixius to close Milwaukee plant: Universal Brixius Inc., a Milwaukee contract manufacturer, has informed state of Wisconsin officials that it intends to close its plant in Milwaukee May 26, putting 69 employees out of work.
http://www.bizjournals.com/milwaukee/stories/2009/03/23/daily72.html

Olsen’s Mill to Close Grain Locations, Cut Jobs: The receiver for the financially troubled Olsen’s Mill in Green Lake County says the company will close 10 Wisconsin grain elevator locations and cut 118 jobs, but will likely remain open after next week’s auction.
http://www.wisconsinagconnection.com/story-state.php?Id=387&yr=2009

Manitowoc Co. selling Edonis-related ice businesses for $160M: Crane and foodservice equipment maker Manitowoc Co. Inc. says it has agreed to sell its ice business for $160 million to satisfy U.S. and European regulators as part of its purchase of Enodis PLC.
http://www.postcrescent.com/article/20090327/APC03/90327057/1028

HPVC pipe plant to remain open after sale: A majority of the assets of Freedom Plastics Inc., a PVC pipe manufacturer in Janesville that entered into receivership earlier this year, has been sold to a company that expects to keep the plant operating.
http://www.bizjournals.com/milwaukee/stories/2009/03/23/daily65.html

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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
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BIOTECH (back to top)
– Madison medical device company, TomoTherapy, under the gun
http://www.madison.com/wsj/home/biz/444840

ECONOMY (back to top)
– Stimulus law, seasonal changes bring hope to owners
http://www.bizjournals.com/milwaukee/stories/2009/03/30/story11.html?b=1238385600^1801819

– Recession dries up traffic in Port of Milwaukee
http://www.jsonline.com/business/42032092.html

MANUFACTURING (back to top)
– Session focuses on lean manufacturing
http://www.postcrescent.com/article/20090329/APC03/903290859/1028

– Johnson Controls to close 10 factories
http://www.bizjournals.com/milwaukee/stories/2009/03/23/daily64.html

LABOR (back to top)
– Paper Converting to furlough workers
http://www.postcrescent.com/article/20090327/APC03/303270049/1028

– Unemployed increase ranks of nonprofits’ volunteers
http://www.jsonline.com/news/42063717.html

– Youth jobs in city could double this summer
http://www.jsonline.com/news/milwaukee/42018507.html

SMALL BUSINESS (back to top)
– SBA relaxes policies to encourage borrowing
http://www.greenbaypressgazette.com/article/20090329/GPG03/903290958/1247

– Printer making a lasting impression
http://www.bizjournals.com/milwaukee/stories/2009/03/30/smallb1.html?b=1238385600^1802013

REAL ESTATE (back to top)
– Lodge at Cedar Creek may be sold at auction
http://www.greenbaypressgazette.com/article/20090328/GPG03/903280551/1247

– Real estate multi-tasking: Investors find a rare bright spot in the recession with the decline of multi-family housing prices
http://www.madison.com/wsj/home/biz/444824

TRANSPORTATION (back to top)
– Manawa native joins carrier Virgin America
http://www.postcrescent.com/article/20090327/APC03/903270493/1028

– Technology upgrade helps Greenville-based Air Wisconsin take off
http://www.postcrescent.com/article/20090329/APC03/903290839/1028

– Rural bridges targeted
http://www.jsonline.com/news/wisconsin/42103902.html

RETAIL (back to top)
– Harmann Studios ‘slimming down,’ but retaining employees
http://www.greenbaypressgazette.com/article/20090329/GPG03/903290959/1247

REGULATION (back to top)
– Neenah steam plant banks on tires
http://www.thenorthwestern.com/article/20090329/OSH03/90328080/1167

UTILITIES (back to top)
– Transporter says wind-power shipments ‘took off’ in March
http://www.jsonline.com/business/42031817.html

HEALTH CARE (back to top)
– Area efforts aim to help patients navigate their health care
http://www.madison.com/wsj/topstories/444955

FINANCIAL SERVICES (back to top)
– Central States Mortgage to begin liquidation
http://www.bizjournals.com/milwaukee/stories/2009/03/23/daily73.html

MANAGEMENT (back to top)
– Manitowoc Co. CEO Glen Tellock earned $3.5 million in 2008
http://www.postcrescent.com/article/20090329/APC03/903290830/1028

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National Business Roundups ( back to top)
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–ABC BUSINESS NEWS: http://abcnews.go.com/sections/business/
–GOOGLE NEWS: http://news.google.com/news/en/us/business.html

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