The Milwaukee Post

SBA seeks Milwaukee applicants for Emerging Leaders Initiative MILWAUKEE – The Small Business Administration's Wisconsin office is seek- ing 15 Milwaukee applicants for its Emerging Leaders Initiative, according to a SBA statement. The goal of the federal training course, which is in its sixth year, is to attract own- ers of established urban small businesses with high growth potential, the statement said, and provide them with resources to build a sustainable business of size and scale. Businesses must be located in the city of Milwaukee and meet the SBA's criteria for small disadvantaged businesses, the statement said. They should also be at least 3 years old, have at least one employ- ee other than the owner and have gross annual sales of at least $400,000. The application deadline is March 21, and the course begins in April. This seven-month-long course, which is free for participants, includes 100 hours of classroom time as well as networking and mentoring opportunities, according to the statement. Visit www.sba.gov for more informa- tion. To apply, visit www.interise.org/SBAEmergingLeaders. Modine's sales up 6% in third quarter RACINE – Modine Manufacturing Company announced last week that its third-quarter sales were $347 million, an increase of 6 percent over last year's total for the same period. In the third quarter, Modine had: a loss per share of $0.08, an improvement of $0.11; restructuring and impairment charges of $11.4 million; and adjusted earnings per share of $0.16, up $0.14, according to the announcement. "Our year-over-year revenue growth was driven by new program launches in Europe and Asia," said Modine President and CEO Thomas A. Burke in a statement. The diversified global leader in thermal management technology and solutions is headquartered in Racine. For more infor- mation about Modine Manufacturing Corporation, go to www.modine.com. ManpowerGroup 4Q earnings double MILWAUKEE – ManpowerGroup Inc. reported its earnings nearly doubled in the fourth quarter, which the Milwaukee com- pany partly attributed to two years of cost cutting. ManpowerGroup started its cost-cutting plan in 2012, according to the world's third-largest staffing company. Worldwide sales in the October to December quarter rose 1.0 percent to $5.25 billion. The com- pany's net income nearly doubled to $101.2 million, or $1.25 per share, in the fourth quarter, from $53.3 million, or 68 cents per share, a year earlier. "The fourth quarter was a good quarter with solid performances from many of our major geographies and business units," said Jeff Joerres, ManpowerGroup chair- man and CEO. The fourth quarter also includes one- time restructuring costs of $26.5 million, including severance costs. The restructur- ing costs affected earnings, shaving 23 cents per share. Without those items, ManpowerGroup earned $1.49 per share, which compares to 91 cents in the year ear- lier period. Visit www.manpowergroup.com for more information 24 • Milwaukee Post • February 7, 2014 BUSINESS BRIEFS 2 3 6 6 9 9 0 0 1 Have a Barbershop Quartet Deliver a Singing Valentine to Your Sweetheart! WHERE: Throughout the Milwaukee and Waukesha area WHEN: Friday, February 14th Packages start at $35 and include a quartet singing two songs, one red rose or one dozen red roses, a Valentine card, and a commemorative photo. A portion of the proceeds will be donated to RONALD McDONALD HOUSE To order yours, call the Festival City Chorus Hotline: 414-281-SING (414-281-7464) www.festivalcitychorus.org 236779003

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