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Preview: Milwaukee Business News - Local Milwaukee News | The Business Journal of Milwaukee

Milwaukee Business News - Local Milwaukee News | The Business Journal of Milwaukee

View Breaking Local News Headlines in Milwaukee from The Business Journal of Milwaukee. Access business resources, company profiles, business advice columns, local jobs and more.

Published: Sat, 21 Apr 2018 11:57:25 +0000

Copyright: American City Business Journals, Inc. and its licensors. All rights. reserved.

Green Bay Packers quarterback Aaron Rodgers joins Milwaukee Bucks ownership group

Sat, 21 Apr 2018 04:38:14 +0000

(image) During the Milwaukee Bucks home playoff game Friday night, the Bucks introduced Green Bay Packers quarterback Aaron Rodgers as the NBA team’s newest minority owner. Rodgers was sitting in courtside seats with his girlfriend Danica Partrick next to Bucks co-owner Wes Edens at the time of the announcement.  Fans gave Rodgers a rousing ovation when the news was announced on the public-address system and he was shown on the arena’s main video screen. The Bucks said Rodgers is the only active…

Rockwell hopes veterans program will graduate 1,000 per year by 2020

Fri, 20 Apr 2018 19:56:59 +0000

(image) This spring's 12-week Academy of Advanced Manufacturing trained 23 veterans, and Rockwell Automation Inc. CEO Blake Moret hopes 150 go through the program this year. By 2020, he'd like that number to be 1,000. Thursday's graduation ceremony marked the culmination of the first Milwaukee run for the program, a partnership between Milwaukee-based companies ManpowerGroup (NYSE: MAN) and Rockwell (NYSE: ROK) that gives veterans training to apply the organizational skills picked up during their military…

Wells Fargo must pay $1 billion fine

Fri, 20 Apr 2018 19:37:32 +0000

(image) Wells Fargo & Co. will pay $1 billion in penalties to regulators, as part of a consent order announced today with the Office of the Comptroller of the Currency and Consumer Financial Protection Bureau. This new order was leveraged in response to fraudulent auto loan practices at Wells Fargo (NYSE: WFC) in regard to interest rate-lock extensions on home mortgages and collateral protection insurance placed on customers' auto loans. The CFPB previously levied a $142 million fine against Wells Fargo…

Kroger completes $2 billion convenience store sale; here’s what it will do with the cash

Fri, 20 Apr 2018 19:33:27 +0000

(image) Kroger Co. has completed the sale of its convenience store business. The downtown Cincinnati-based grocer (NYSE: KR) that operates supermarket chains including Pick 'n Save and Metro Market stores in the Milwaukee area announced the planned sale of the division to Blackburn, England-based EG Group for $2.15 billion in February. It began the search for a buyer for its convenience stores in October as part of its Restock Kroger initiative to invest in its workforce and increase shareholder value. After…

Tour GE Healthcare's $12M remodeled global training services facility in Waukesha (Video)

Fri, 20 Apr 2018 19:31:38 +0000

(image) Several GE Healthcare executives were in town this week as the company wrapped up a consolidation of equipment and training services into a renovated Global Training Services facility in Waukesha. Chicago-based GE Healthcare spent $12 million over the past two years remodeling the 250,000-square-foot facility which offers augmented and virtual reality training for medical equipment, virtual training simulators and plenty of renovated office space for machinery made by competing medical equipment…

Owner of downtown Boston Store, Bon-Ton HQ building had contingency plan

Fri, 20 Apr 2018 18:33:50 +0000

(image) Now that the operations of The Bon-Ton Stores Inc. are winding down, the owners of the downtown Milwaukee building that houses the company's corporate headquarters and its longtime Boston Store are looking for new tenants to fill the soon-to-be-vacant office space, as well as find a retailer to move into the first floor of the building. North Wells Capital, an investment management affiliate of Urban Innovations Ltd. of Chicago, acquired the building at 331 W. Wisconsin Ave. in spring 2017 for $25…

Skywalk to theater, Panther arena to be explored for convention center expansion project

Fri, 20 Apr 2018 17:14:53 +0000

(image) An architectural firm will study the feasibility of creating structures — including skywalks or a bridge building — that would link an expanded downtown Milwaukee convention center with the Miller High Life Theatre and the UW-Milwaukee Panther Arena across West Kilbourn Avenue.

Breweries tapping into Wisconsin's taste for beer: The List

Fri, 20 Apr 2018 16:53:18 +0000

(image) The beer barons of old must be smiling down with thoughts of a frothy stein right about now. Beer-making activity has ramped up around the city of Milwaukee and the entire state. Raise a glass, the tradition lives on. Besides the large manufacturers like MillerCoors LLC, which tops The List with an estimated 5.5 million barrels produced last year, creative tastes and concepts in craft and micro-breweries are hopping up all over. This week’s list of 26 top-producing breweries all had an output…

WEDC's Foxconn construction information tour stops in Milwaukee: Slideshow

Fri, 20 Apr 2018 15:33:37 +0000

(image) Matt Moroney's message hasn't changed much in two weeks. The Wisconsin Department of Administration's strategic economic initiatives director has attended roughly half of the dozen different Foxconn Technology Group headquarters construction information sessions that the Wisconsin Economic Development Corp. has hosted statewide this month, and he's brought the same energy, enthusiasm and content to his portion of the event. The tour stopped in Milwaukee Thursday for a presentation at We Energies'…

Fiserv technology will enable voice banking on Amazon Alexa this year

Fri, 20 Apr 2018 15:14:55 +0000

(image) Fiserv will eventually enable voice banking on Google Assistant and the Apple HomePod, too.