Majority of State Credit Unions Operating in the Black
11/19/09
Only one of Wisconsin's largest credit unions is in the red; the rest are in the black through the first three quarters of the year. Summit Credit Union is the only top-10 credit union showing a loss during this period, but expects a profit by the end of the year.
Crown Operations International Acquired By Southwall Technologies
9/7/10
Also in Sun Prairie, Crown Operations International Ltd. has been acquired by California’s Southwall Technologies, Inc. for $3.3 million. Crown is a manufacturer of heat-reflective films for laminated glass, while Southwall manufactures films and glass products to improve energy efficiency in buildings, homes and cars. Southwall will acquire Crown’s production facility which includes a 23,000 sq. ft. plant on four acres, as well as converting equipment.
Copps Food Center in Sun Prairie Sold
9/7/10
A joint venture between Inland Real Estate Corp. of Ilinois and Inland Real Estate Exchange Corp. has resulted in the purchase of a 61,048-square-foot Copps Food Center in Sun Prairie for $11.7 million. Copps is a division of Roundy’s Supermarkets, Inc., which owns and operates over 150 retail grocery stores in Wisconsin, Minnesota and Illinois under the Pick 'n Save, Copps Food Center, Rainbow Foods, and Metro Market names.
Oshkosh Corp. Workers Do Not Sign Contract Extensions
9/7/10
Oshkosh Corp. workers decided not to sign a one-year contract extension for a 3.5% pay increase and a $750 bonus. The workers, represented by United Auto Workers Local 578 unanimously voted no citing concerns regarding layoff rights, family and medical leave , and overtime.
Report Says De Beers to Sue Kohl’s Corp. For Patent Infringement
9/7/10
According to Diamonds.net, diamond company De Beers, is suing Kohl’s Corp. for patent infringement. De Beers claims there is a strong resemblance between its 2007 Everlon Diamond Knot Collection and Kohl’s “Love Knot Collection,” produced by Brilliant Jewelers. The suit, filed in Missouri Western District Court, also includes Brilliant Jewelers and 10 anonymous defendants.
City of Madison to Pay McDonalds for 2008 Lawsuit
9/7/10
The city of Madison will pay McDonald’s $312,000 to settle a 2008 lawsuit claiming a pedestrian footbridge built by the city was detrimental to the city’s oldest McDonald’s franchise at 3051 East Washington Avenue. The restaurant owner, Mike Mangin, is considering moving the business three blocks west to the East Madison Shopping Center as a result. When the bridge was built in 2006, Madison offered McDonalds $56,000 to compensate for the obstruction, but McDonald’s Corp. appealed in 2008, claiming a loss of $408,000 in business as a result of the bridge. The settlement money, if approved, would come from existing construction fund money, and needs to be approved before September 20 to avert the start of a jury trial.
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