Caterpillar has a big second quarter, raises outlook again

By The Associated Press Caterpillar’s second-quarter easily beat Wall Street expectations thanks in part to the blistering pace of construction and demand for big machines, a the company boosted its full-year earnings forecast again. Shares rose more than 3 percent Monday in premarket trading. Caterpillar now anticipates full-year adjusted earnings in a range of $11 […]

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Tech company scores with naming rights for new Bucks arena

MILWAUKEE (AP) — A little-known hometown company listed on NASDAQ will get a big boost with basketball and music fans, with its name displayed on the Milwaukee Bucks’ new $524 million arena. The Bucks and Fiserv Co. announced Thursday a 25-year naming rights deal for the nearly completed Wisconsin Entertainment and Sports Center in downtown […]

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Illinois settles with Scotland bank over mortgage securities

SPRINGFIELD, Ill. (AP) — Illinois has reached a $20 million settlement with the Royal Bank of Scotland resulting from the bank’s marketing and sale of mortgage-backed securities a decade ago. Attorney General Lisa Madigan said in a statement that the settlement resolves her investigation into the bank’s alleged failure to disclose the true risk of […]

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Foxconn reaches agreement to open Green Bay office

MADISON, Wis. (AP) — Foxconn Technology Group announced Friday that it plans to open an office in Green Bay, a key area for Gov. Scott Walker as he runs for re-election and amid doubts the company’s massive southeastern Wisconsin campus will boost the economy statewide. The governor has been promising for months that the display […]

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Foxconn investing in $30 million water recycling system

MILWAUKEE (AP) — Foxconn Technology Group plans to invest in a $30 million recycling system that will significantly reduce the amount of water it has to draw from Lake Michigan for its proposed manufacturing complex in southeast Wisconsin, the company said Tuesday. Taiwan-based Foxconn announced that the “zero liquid discharge” system will virtually eliminate the […]

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Resorts in Wisconsin Dells plan to expand

WISCONSIN DELLS, Wis. (AP) — The newest ride at Noah’s Ark stands six stories tall, is 335 feet long and allows riders on inner tubes to reach speeds up to 32 mph as they plunge down a 37-foot drop near the ride’s end. One of the largest of its kind in the U.S., Raja resembles […]

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Foxconn chief: US-China dispute over tech, not trade

SHENZHEN, China (AP) — The CEO of Taiwan’s Foxconn, which assembles Apple iPhones and other products for tech companies, said Wednesday that Washington’s dispute with China is over technology rather than trade. Terry Gou’s comments at an event celebrating the anniversary of Foxconn’s first investment in mainland China follow Beijing’s threat to scrap trade deals […]

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Foxconn selects company with close ties to Walker

MADISON, Wis. (AP) — Foxconn Technology Group on Monday selected a company led by a Republican megadonor with close ties to Gov. Scott Walker to develop the master plan for its massive campus in Wisconsin. The Taiwan-based electronics giant said it chose Hammes Company to be the lead developer on the $10 billion project that […]

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Fiserv: 1Q Earnings Snapshot

BROOKFIELD, Wis. (AP) – Fiserv Inc. (FISV) on Tuesday reported first-quarter net income of $423 million. The Brookfield, Wisconsin-based company said it had profit of $1 per share. Earnings, adjusted for non-recurring gains, came to 76 cents per share. The results surpassed Wall Street expectations. The average estimate of 12 analysts surveyed by Zacks Investment […]

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Flames shot out of grinder before Wisconsin plant explosion

MADISON, Wis. (AP) — A corn grinder began belching flames shortly before a deadly explosion tore through a southern Wisconsin mill last year, federal safety inspectors said Monday. The May 31 blast at the Didion Milling Co. plant in Cambria killed five workers, injured 14 others and reduced the facility to rubble. The Occupational Safety […]

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