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Top News & Analysis Wisconsin

  • EAST PEORIA, Ill., May 23- Orders for the mining machines and construction bulldozers made at this sprawling Caterpillar Inc. factory in central Illinois have jumped, in general, three-fold over the past year. But meeting that boom in demand at the world's largest heavy equipment manufacturer is a challenge, in part because of Caterpillar suppliers like Steve...

  • EAST PEORIA, Ill., May 23- Orders for the mining machines and construction bulldozers made at this sprawling Caterpillar Inc. factory in central Illinois have jumped, in general, three-fold over the past year. But meeting that boom in demand at the world's largest heavy equipment manufacturer is a challenge, in part because of Caterpillar suppliers like Steve...

  • LANSING, Mich.— Michigan's economic development board awarded $618 million in tax incentives on Tuesday for a $2.1 billion development project in Detroit that includes a 58- story building on the site of the iconic former J.L. Hudson department store— the first use of new state tax breaks for "transformational" redevelopment work. It includes constructing the...

  • NEW YORK— Kohl's caught on to the wave of rising consumer spending during the first quarter, reporting healthier profits and revenue, while raising its earnings outlook for the year. Profit at the Menomonee Falls, Wisconsin, company rose 13.6 percent to $75 million, or 45 cents per share. Earnings, adjusted to account for extinguished debt, were 64 cents per share,...

  • Aaron Traywick, Ascendance Biomedical

    Aaron Traywick envisioned a future in which self-taught scientists would cure diseases and bend the human body to their will, NYT reports.

  • May 18- Cargill, the global grains trader, sees the future of protein in the humble pea. Cargill and its competitors- such as Archer Daniels Midland and Richardson International, the biggest Canadian grain handler- are investing in specialty ingredients in search of higher profit margins than they can extract from bigger commodity crops such as soybeans, corn...

  • GOP leaders are promoting this year's renewal of the measure as tightening work and job training requirements for food stamps. That means Republicans have to pass the measure with minimal GOP defections, and it puts pressure on Republicans who have criticized costly farm subsidies in the past to vote for them this time. Freedom Caucus Chairman Mark Meadows, R-...

  • *Oil buoyed by Iran sanction fears, holds near 2014 highs. NEW YORK, May 15- The yield on the benchmark U.S. 10- year Treasury note hit its highest in about seven years on Tuesday on the heels of a report that indicated a pick-up in consumer spending, lifting the dollar to its strongest level this year and weighing on stocks. Wall Street's main indexes slumped, with the...

  • *Dollar hits 2018 peak, Wall Street indexes drop. *Oil prices gain, boosted by Iran fears. Wall Street's main indexes slumped, with investors concerned that rising bond yields would hurt stock valuations.

  • *April retail sales rise, shows consumer spending pick up. May 15- Wall Street slipped on Tuesday after retail sales data pointed to a steady rise in inflation, reviving fears of faster interest rate hikes, while a lack of progress in U.S.- China trade talks continued to weigh on the market. "You had good retail sales number this morning which was further...

  • Enbridge, which argued it was overtaxed by $55 million from 2012 to 2017, has six pipelines that cross 13 northern Minnesota counties on their way to the company's terminal in Superior, Wisconsin. Judge Joanne Turner ruled that the Revenue Department overvalued the company's pipeline system by $2.2 billion in 2014 and by $880 million and $156 million...

  • MILWAUKEE _ Rexnord Corp. on Monday reported a fiscal fourth-quarter loss of $62 million, after reporting a profit in the same period a year earlier. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of 39 cents per share. Five analysts surveyed by Zacks expected $551.8 million.

  • Foxconn could qualify for up to $4.5 billion in state and local taxpayer incentives if it employs 13,000 workers as envisioned. Alan Yeung, Foxconn's director of U.S. strategic initiatives, called the Hammes Company "one of the most trusted providers of real estate solutions in the United States. "Yeung said the goal of the Foxconn project in Wisconsin is to...

  • May 11- The S&P 500 was flat on Friday as technology stocks fell after a six-day rally, while healthcare shares rose on expectations that President Donald Trump's speech on drug prices will largely spare the industry. The tech sector was down 0.4 percent, as Apple dropped after a nine-day winning streak that saw it edge closer to $1 trillion in market...

  • MADISON, Wis.— Foxconn Technology Group plans to official break ground for its southeastern Wisconsin manufacturing complex next month. The Taiwanese electronics giant plans to build a $10 billion flat-screen manufacturing campus in Mount Pleasant in Racine County. The state Department of Natural Resources last month approved air permits for the campus...

  • May 11- U.S. stocks edged higher on Friday as healthcare shares rose ahead of President Donald Trump's speech on curbing prescription drug costs that is seen as largely sparing the industry. "Trump's speech really hasn't had much of an impact on pharma or biotech thus far," said Art Hogan, chief market strategist at B. Riley FBR in Boston. Trump is also set to meet the...

  • The Calgary- based company is continuing to shop its Canadian midstream assets and has received initial bids valuing the portfolio as high as C $4.5 billion, people familiar with the situation told Reuters. The company said it had sealed a C $1.75 billion deal with the Canada Pension Plan Investment Board for a 49 percent stake in wind and solar power assets in...

  • May 8- The United States plans to withdraw from the Iran nuclear pact negotiated in 2015 and re-impose sanctions it had previously withdrawn, the New York Times reported, citing a conversation with French President Emmanuel Macron, a report the White House denied. A White House official said that President Donald Trump did not say "those things" to Macron, and a...

  • *Oil prices slide ahead of Trump decision at 2 p.m. ET. May 8- Wall Street was lower in choppy trading on Tuesday afternoon, as oil prices slid on uncertainty over whether President Donald Trump would withdraw the United States from the Iran nuclear deal. Stocks were lower for most part of the morning before sharply paring losses after CNN reported Trump was...

  • *Trump announcement on Iran deal due Tuesday. *Financial markets whipsawed on Iran reports. President Donald Trump is expected to announce on Tuesday that he is pulling out of the Iran nuclear deal, European officials said, in a move that would raise the risk of conflict in the Middle East, upset America's European allies and disrupt global oil supplies.