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As sharp revenue reductions put the future of many U.S. newspapers in doubt, one idea gaining attention is the conversion of newspapers into tax-exempt nonprofits supported by large endowments. Although viewed by many as a long shot at best, such a radical change could be a savior for the industry and its vital role in a democracy. read story
Three area companies were among those honored Thursday night at the Wisconsin Manufacturing of the Year Awards program in Milwaukee. read story
Uniroyal Engineered Products of Stoughton is extending the layoff of 50 employees last November and may lay off seven more employees this spring. read story
After three major layoffs in as many years, the Madison outsourcing and telemarketing firm Sitel confirmed Friday that it will close its doors for good on April 30, placing all remaining 93 employees out of work at that time. read story
Earnings for MGE Energy rose slightly in the fourth quarter, according to a filing Thursday by the Madison utility holding company. read story
Sub-Zero Freezer/Wolf Appliance, a builder of refrigerators, freezers and cooking appliances with facilities in Madison and Fitchburg, announced Thursday it plans to lay off up to 350 local employees on or after May 1. read story
Struggling retailer Sears Holdings Corp. said Thursday its fourth-quarter profit dropped by more than half as charges for store closings, valuation declines and severance dragged down results. However, adjusted results for the parent of Dodgeville-based Lands' End beat Wall Street estimates and sent the company's stock up about 8 percent in morning trading. read story
A $36 million write-down on the value of four Great Wolf Resorts accounted for much of the Madison-based company's losses during the fourth quarter and for all of 2008. read story
Capitol Bank reported its assets grew 19 percent last year to $213.4 million at the end of 2008. read story
Madison-based American Family Insurance said Wednesday it will consolidate six claim offices by the end of August. Each of the consolidations will occur in the same state. The Jefferson City, Mo., claim operation will move and consolidate with the office in St. Louis; Rochester and St. Cloud, Minn., with Eden Prairie, Minn.; Schaumburg, Ill., with Peoria, Ill.; Topeka, Kan., with Wichita, Kan., and Tucson, Ariz., with Phoenix. read story