Economic Development
Local credit unions to merge
New Berlin-based Landmark Credit Union announced it is merging with four smaller credit unions in southeastern Wisconsin.
Roundy’s files for IPO
The parent company of Milwaukee-based Roundy’s Supermarkets Inc., announced that it has filed plans with the U.S. Securities and Exchange Commission (SEC) for an initial public offering (IPO) of shares of its common stock.
Douglas Dynamics prices secondary offering
Douglas Dynamics, a Milwaukee snowplow manufacturer, has announced its secondary offering of 1,996,479 shares of common stock will be available to the public at $14.75 per share.
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Joint venture will create 250 jobs in Bayside
Blue Star Infotech Ltd. CEO Sunil Bhatia and Trisept Solutions CEO John Ische announced a joint venture entity, Blue7 Solutions LLC, which they said will be based in the Village of Bayside and create up to 250 full-time jobs over the next five years.
Court levies fines for currency exchange scheme
The U.S. Commodity Futures Trading Commission (CFTC) obtained a supplemental consent order requiring defendant Jacob Juma Omukwe of the Wisconsin Dells and his companies, JadeFX, LTD and Jade Investments Group LLC, to pay more than $2.6 million in restitution and civil monetary penalties to settle a CFTC anti-fraud enforcement action filed in March 2011.
