The unshakable summer

It’s been a grim summer in much of the world. Yet investors in the United States have largely shrugged it off — so far at least.

A big reason is that five years after the Great Recession officially ended, the U.S. economy is showing a strength and durability that other major nations can only envy. Thanks in part to the Federal Reserve’s ultra-low interest rates, employers have ramped up hiring, factories have boosted production and businesses have been making money.

All of this has cushioned the U.S. economy from the economic damage abroad. And investors have responded by keeping U.S. stocks near all-time highs.



Business Bulletin Board

Thomas Koessl, of Kenosha, has joined Much Shelist, a Chicago-based law firm, as a principal in the labor and employment practice group. He received a juris doctorate degree from Chicago-Kent College of Law and a bachelor of arts degree from the University of Wisconsin-Parkside. Koessl councils clients on employment and labor law, including compliance with the Americans with Disabilities Act, Family Medical Leave Act and National Labor Relations Act, employee discipline, on-site investigations and labor relations. (photo in images external)

Michele Randall and Janet Pobar, of Randall & Pobar LLC, a full-service financial planning and investment management services firm, have been named Five Star Best in Client Satisfaction Wealth Managers for 2014.

Riley Construction continues to stay busy

Riley Construction is nearing completion on one project and has started another:

American Job Shop LLC, of Bristol, has been approved to be the northern hemisphere tier one supplier for all two-cycle diesel business for Rolls Royce and Detroit Diesel production by MTU America.

Kenosha firms step up hiring

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Demand had finally picked up.

New orders were beginning to roll in.

Kenall construction moving faster than expected

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Kenall Manufacturing Co., a beneficiary of an improving economy, is moving along faster on its construction timetable and needs to hire more workers to begin training in preparation for the move to its new Kenosha facility.

“Growth has been a little faster than we anticipated,”said Randy Hernandez, the company’s executive vice president of operations. “We have many more orders. They have increased dramatically.”

Contrarian’s case

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Employers in the U.S. are creating jobs at the fastest pace since the late 1990s and the economy finally looks ready to expand at a healthy rate. But sluggish growth in France, Italy, Russia, Brazil and China suggests that the old truism, “When the U.S. sneezes, the rest of the world catches a cold,” may need to be flipped.

Maybe the rest of the world will sneeze this time, and the U.S. will get sick.

Today’s Business Briefs

Festival Foods announced Tuesday the business will expand to Mount Pleasant.

The company operates 19 Wisconsin supermarkets, including one in Kenosha. Festival Foods intends to remodel a vacant building at 5740 Washington Ave. The building was previously home to a Sentry Foods.

7 things to know about Costco and its plans locally

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A proposed Costco store that cleared the Pleasant Prairie Plan Commission Monday night will go before the Village Board for final review next week.

Here are seven things to know about the local store and the Seattle-based Costco Wholesale Corp.:

Apartment units proposed near Somers Walmart

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Bear Development, hoping to capitalize on the industrial boom in the county, has proposed a 292-unit apartment complex on a 19-acre site adjacent to the Walmart and Sam’s Club stores in Somers.

“It's a very strong location,” Bear president S.R. Mills said. “We’ve been looking at it for some time.”

Business Bulletin Board

Environmental Health Concepts Inc. has earned the designation of Green Professional in the 2014 Green Masters Program established by the Wisconsin Business Council. The designation was given for the company’s continued commitment to sustainability in the business sector. Applicants to the program are judged on a range of sustainability issues, from energy and water use to educational outreach and governance.

Kevin Ford has acquired Valpak of Southeast Wisconsin’s territory, which serves Kenosha, Racine and Milwuakee. Valpak is a direct marketing company owned and operated by Cox Target Media that mails over 20 billion coupons to 40 million households per month in 45 states and four Canadian prvinces.

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