From WisBusiness.com … It opens today at 11,008, nearly 200 points below last week’s open. The WisBusiness index of state stocks lost ground as well. It opens today at 2,150, down 61 points from last week’s open. Part of that decline came from the mining equipment company Joy Global, which saw its stock price fall by nearly nine percent. — Earnings season continues today with quarterly reports from the nursing home company Assisted Living Concepts and the manufacturer Regal-Beloit. Integrys Energy, the parent company of the utility Wisconsin Public Service, reports its results on Wednesday. See more on state stocks: — Republican U.S. Senate candidate Dick Leinenkugel, who served as commerce secretary under Democratic Gov. Jim Doyle, says he was a little surprised at the nature of the attacks he’s received from fellow Republicans over his decision to join the race, but defended his service to the state. Leinenkugel, who described himself as a Reagan Republican, said he was chosen for the Commerce position because of his experience in management and business. “Who would they rather have in that role?” Leinenkugel asked. “Somebody who understands business, is a conservative Republican, or somebody that is a Democratic partisan who doesn’t understand business?” He pointed to a number of success the state had in attracting and retaining workers while he was leading Commerce despite the economic downturn. But he pointed to continued high unemployment and called for lowering taxes and reducing regulations in order to allow small businesses to create jobs. “What we need to do is have economic policy in this country that allows small business to do what it does best, and that is create jobs,” Leinenkugel said. While saying he doesn’t believe now is the time to move forward with high-speed rail, Leinenkugel defended his role in the state’s no-bid contract to purchase train sets from Talgo. He said his role was only to ensure the Spanish manufacturer would build the trains in Wisconsin. — Also on the program, Democratic gubernatorial candidate Tom Barrett expressed his dismay that the Legislature failed to pass some form of a clean energy bill. “To me, this is an issue that’s crying out for leadership,” Barrett said, “and I want us to deal with this issue in a way that is going to reduce our dependency on foreign energy sources.” Barrett said comments that “adult supervision” was needed on the issue was directed at the way things work in Madison, not towards anyone specifically. “This was an issue that could have been resolved if people wanted to resolve it,” Barrett said. “But I’m not convinced people wanted to resolve it, on both sides of the aisle.” Watch “UpFront” online: http://www.wisn.com/upfront/23418451/detail.html — BIO 2010, the world’s largest biotech convention, kicks off today in Chicago. See a schedule of events for the Wisconsin delegation and follow convention developments at the WisBusiness BIO Blog: TOP STORIES Related: Job outlook up for graduates: After a few dismal hiring cycles, the job market is looking up, especially in certain fields, university career counselors say, as graduation nears. According to a survey by the temporary help provider Manpower Inc., 12 of 13 industry sectors have a positive employment outlook for quarter two, which means more employers expect to hire than fire or reduce staff. Related: – College in four years not that common anymore Rockwell turns to outside vendors; Statement on support jobs is a ‘blockbuster’ to union: Rockwell Automation has told a union local that represents 150 south side manufacturing and support employees that their work will be performed by outside vendors, the union local’s president said Sunday. The company said it’s replacing company-employed cafeteria and building maintenance workers with outside vendors, as many local companies have done, but that any other replacements are not yet set. Critics call paper gift ‘a bribe’: The paper mill that would host a new $255 million wood-burning plant to generate steam and electricity has donated about 7,500 reams of paper to the D.C. Everest Area School District. Critics of the power plant, who contend it will cause too much pollution in town, say the gift is an effort to influence how people feel about the project. … A spokesman for Domtar said the truckload of color, heavier weight paper used mostly for classroom projects was donated because it was stored in a warehouse and was getting outdated. ************************************************************ See commentary from around the state and columns from ************************************************************ TECHNOLOGY (back to top) – Tech: Analysts see Palm purchase as a risky move for HP, ComputerWorld reports BIOTECH (back to top) – Biotech Busts And Breakthroughs ECONOMY (back to top) – AP analysis: Economic stress drops in most areas MANUFACTURING (back to top) – Badger Meter to pursue global sales strategy – Plover plant chosen for energy efficiency pilot program – Briggs, Magnetek, Orion and Signicast execs say their operations are improving in 2010 LABOR (back to top) – Grass Roots: Is county EOC overreaching on immigration? Or doing its job? – Census: Home workers grew SMALL BUSINESS (back to top) INVESTING (back to top) – Battered bank stocks may boost portfolios REAL ESTATE (back to top) – Tax credit ends as home buyers, sellers make last-minute deals – Especially for green homes, finding comparable sales is difficult AGRIBUSINESS (back to top) – Wisconsin businesses buzzing over new pure honey law TRANSPORTATION (back to top) – Toyota now faces 327 state, federal lawsuits RETAIL (back to top) – National Presto earnings climb 21.6% – Johnson Outdoors earnings more than double – Milwaukee: Urban supermarket opens on S.13th St. near Oklahoma Ave. REGULATION (back to top) – New law boosts penalties for those who scam elderly – Department of Commerce sides with NewPage TOURISM (back to top) UTILITIES (back to top) – Brown County Citizens for Responsible Wind Energy steps up fight against wind turbines – Minnesota to host 6 CapX2020 hearings; Residents this week can learn more about a proposal routing new high-voltage power lines through the area to a Mississippi River crossing at Alma, Wis. HEALTH CARE (back to top) – State fills mental-health gap left until nations health-care reform takes effect – New online Wisconsin organ donor registry is popular FINANCIAL SERVICES (back to top) – Proposed regulations take aim at automobile loans – Tribal debt case weighs on lending – Ridgestone Bank ordered to improve management, slash delinquent loans MANAGEMENT (back to top) – First Monday Q&A: Nuclear is next big challenge – New Medical College of Wisconsin president drawn to strengths, potential – Small changes reduce business environmental impact BUSINESS COLUMNS (back to top) – Tom Saler: Goldman Sachs makes the case for financial reform – John Torinus: State has to consider remaking its economy – Column: Compounding a key part of successful investing PRESS RELEASES (back to top) For these and more releases visit http://www.wisbusiness.com/index.iml?Content=82 |
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