Economic Development

Pittsburgh-based PNC Financial Services Group Inc., which has branches in the Milwaukee market, reported third-quarter net income of $826 million, or $1.55 per share, down from $1.09 billion, or $2.07 per share, for the same period a year ago.

BMO Harris Bank announced the re-branding of M&I Equipment Finance Company, which will now be known as BMO Harris Equipment Finance Company.

Financial resources

After nine years with PNC Bank, including the last four as regional president in Milwaukee, Beth Wnuk has decided to leave the company to pursue other opportunities, according to a letter sent to PNC employees by Dale Klose, executive vice president of the company’s regional presidents group.

New hires and promotions

Tazinos, an all you can eat pizza and salad restaurant chain based in St. Francis, has raised about 25 percent of its $1 million stock offering in just two weeks.

Harley-Davidson Inc.’s remarkable recovery continued in the third quarter, as the Milwaukee-based company’s net income grew to $183.6 million, or 78 cents per share, from $88.8 million, or 38 cents per share, in the same period a year ago.

Chicago-based Northern Trust Corp., which has an office in downtown Milwaukee, reported third quarter net income of $170 million, or 70 cents a share, up from $155.6 million, or 64 cents, in the same period a year ago.

Milwaukee-based Sensient Technologies Corp., a manufacturer of colors, flavors and fragrances, announced it has reached agreement to acquire its joint venture partner’s interest in Sao Paulo, Brazil-based Les Colorants Wackherr do Brasil.

Wauwatosa-based Briggs & Stratton Corp. reported a net loss of $5.2 million during its fiscal first quarter, a 35.7 percent improvement compared with its net loss of $8.1 million during last year’s fiscal first quarter.