WisBusiness

Home Furnishing Chain Remains Open For Business without Interruption; Company Secures $700 million in DIP Financing from General Electric Capital Corp. Restructuring Plan Includes Closure of 120 Underperforming Stores Company Chairman & CEO Robert DiNicola to become Executive Chairman; Financial Restructuring Expert, Michael Gries, Named Chief Restructuring Officer and Interim CEO Clifton, NJ – May 2, 2008 – Linens...

Project is Centerpiece of Governor’s Goal of Capturing 10 Percent of Stem Cell Market   MADISON – Governor Jim Doyle today broke ground on the Wisconsin Institutes for Discovery, an integral part of his statewide strategy to cement Wisconsin’s status as a leader in the fields of biotechnology, health sciences, and stem cell research. Governor Doyle was joined at the event...

Dane County Regional Airport, Madison, has been awarded $9.2 million in Federal Aviation Administration Airport Improvement Funds to acquire equipment, make airfield improvements, and enhance environmental remediation of aircraft de-icing fluids.   While nearly $5 million of the total amount were entitlement funds, more than $4.2 million were discretionary funds for which the airport must compete with airports across the country....

From WisBusiness.com ... -- Michael Knetter, the UW-Madison Business School dean, is criticizing Sen. John McCain’s proposed summer gas tax holiday as “political pandering.” Speaking at a global economics conference at the Fluno Center yesterday, Knetter knocked as flawed McCain’s proposal to suspend the 18.4-cent tax on gasoline (and the 24.4-cent levy on diesel...

WisBusiness.com Home Depot announced this morning it will shut down 15 "underperforming" stores around the nation, including three in Wisconsin. The Wisconsin locations affected are in Milwaukee, Fond du Lac and Beaver Dam. The closings will cost a total of 1,300 employees their jobs, but the company did not say how many workers will be affected in Wisconsin. The...

WisBusiness.com PSC Chair Dan Ebert is leaving the agency later this month after more than three years on the job, Doyle announced late this afternoon. The guv also announced Executive Assistant Eric Callisto will replace Ebert effective May 27. Ebert’s last day is May 23. See the press release: http://www.wispolitics.com/index.iml?Article=125040

WisBusiness.com Attorney General J.B. Van Hollen says the state has settled a lawsuit with three Wisconsin electric utilities for violating state air pollution controls. The violations relate to the renewal of the permit authorizing the utilities to operate the Columbia Generating Station. The Wisconsin Power and Light Co. operates the facility it co-owns with Madison Gas and Electric Co....

By Mackenzie Collins WisBusiness.com When Christopher Reeve, a Hollywood actor and quadraplegic, died in 2004, it was of complications from a pressure ulcer after an equestrian accident left him paralyzed nine years earlier. His celebrity status gave him a platform for spinal cord research and around-the-clock care. How is it then, that someone like Reeve, TV’s Superman, dies...