(WisBusiness) MON News Summary — 11 Jan. 2009

MON WisBusiness News Summary
11 January 2010
Exclusively for WisBusiness Subscribers


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From WisBusiness.com …

— The Dow Jones average has started the year off with a bang, gaining nearly 400 points in the first week of trading. It opens the week at 10,618.

The WisBusiness index of 70 Wisconsin stocks had a strong week too, gaining 84 points to open the week at 1,955.

Part of that rise comes thanks to Orion Energy Systems, which saw its stock price rise by more than a third last week.

The energy efficiency company was recently granted several new patents for its energy products.

See more stock information: http://www.wisbusiness.com/index.iml?Article=140042

— BizOpinion columnist Tom Still says the recent match between Logistics Health Inc. and Gundersen Lutheran will strengthen the La Crosse area economy and provide an innovative example for other investment-minded health-care systems in Wisconsin.

He says at a time when many emerging companies are scouring for investors, homegrown sources of capital are welcome news.

Gundersen Lutheran announced Dec. 30 it has become a minority owner of Logistics Health, a La Crosse-based contractor of health services that has grown from a dozen employees to 750 workers in less than a decade. It reportedly marked the first time Gundersen Lutheran has invested in something other than a traditional portfolio of stocks, bonds and other securities.

Read more from Still: http://blogs.wisbusiness.com/bizopinion/2010/01/how-non-profit-firms-investment-is.html

— Wisconsin is getting a boost from a $2 million federal stimulus grant to provide clean energy job training to workers.

The money will go to train hundreds of workers in wind energy, energy efficiency assessment and energy efficiency construction.

More than 300 workers will be able to earn certifications in either wind turbine repair, energy efficiency rating systems and green building construction.

See details: http://wispolitics.com/index.iml?Article=181414

— Gov. Jim Doyle says 11 agriculture innovators will share more than $225,000 for projects to build or restore sectors of the Wisconsin agricultural industry.

The grants include more than $30,000 dollars for research on harvesting and processing sweet potatoes and $24,000 to research storage of potatoes used in chip-making.

It also includes more than $20,000 to research baby carrots, which are worth about five times as much to the grower as carrots grown for processing.

See details: http://wispolitics.com/index.iml?Article=181287


Wisconsin firms win $35M in clean energy tax credits: The Obama administration announced Friday the awarding of $2.3 billion in stimulus tax credits for clean energy manufacturing projects across the country, including $35.9 million for Wisconsin firms or for projects in the state.

UPS to reorganize, close Elm Grove office: United Parcel Service Inc. will cut 1,800 jobs across the country under a reorganization of its U.S. operations, which includes the closing of its district office in Elm Grove.

Regents approve UW-Milwaukee capital projects: The University of Wisconsin System Board of Regents on Friday unanimously approved three capital projects at UW-Milwaukee, including the purchase and redevelopment of Columbia St. Mary’s Hospital to allow for expansion of the land-locked east side campus.

Oshkosh Corp. receives $32M order from military : The Pentagon will pay the defense arm of Oshkosh Corp. nearly $32 million to upgrade the armor on 300 military vehicles and produce more than 90 cargo trucks.


See commentary from around the state and columns from WisBusiness contributors Jennifer Sereno, Kevin McKinley, Tom Burzinski, Gregg Hoffmann, Tom Still and Steve Jagler:


MANUFACTURING (back to top)
– Spanish wind turbine project may put factory in Milwaukee

– Mercury Marine Fond du Lac plant consolidation moving forward

– State grant will help pay for Tower site cleanup

LABOR (back to top)
– Wis. company to pay $85K for retaliatory firing

SMALL BUSINESS (back to top)
– SBA doubled lending to state firms last month

– Put the ‘funk’ in functional: iNViDia partners combine creative spirits

INVESTING (back to top)
– 2009 ‘just outstanding’ for Wisconsin stocks

= Army sends Oshkosh to the front

AGRIBUSINESS (back to top)
– Dairy Producers Foundation Unveils New Brand, Website

TRANSPORTATION (back to top)
– Passenger count for Midwest/Frontier grows

RETAIL (back to top)
– Kohl’s Corp. reports sales up 4.7% in December

– Madison: Target proposal for Hilldale moving forward

– Madison grocer aims for slice of healthy food market

– Foot Locker to close 117 stores

REGULATION (back to top)
– Judge refuses to name receiver for casino

UTILITIES (back to top)
– WPS eager, willing to help cut energy use

BUSINESS COLUMNS (back to top)
– John Torinus: Look for job growth in education, health care

PRESS RELEASES (back to top)
· Gov. Doyle, Milwaukee Mayor Barrett: Announce $800,000 grant to revitalize Tower Automotive site
· Gov. Doyle: Announces $2 million energy training grant
· MWFPA: Increased costs, lost jobs result of Wisconsin climate change bill
· New North, Inc.: Firms recognized for workplace excellence
· New North: Bassett Mechanical, Wausaukee Composites receive combined $1.9 million in wind energy tax credits
· WIEG: Costly state energy mandates could hurt manufacturing jobs
· Wisconsin Auto & Truck Dealers Association: Proposed global warming legislation hurts Wisconsin auto industry
· WUI: Global warming bill misses chance for real jobs

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

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