logo
Ex-Journal Sentinel plant's conversion to Global Power site wins approval. It brings 1,000 jobs

Ex-Journal Sentinel plant's conversion to Global Power site wins approval. It brings 1,000 jobs

Yahoo14-05-2025
The proposed redevelopment of the Milwaukee Journal Sentinel's former printing plant into a manufacturing site with around 1,000 jobs has received local zoning approval.
Global Power Components wants to buy the building, at 4101 W. Burnham St., West Milwaukee, and construct a large addition for its growing operations.
That project was approved by the West Milwaukee Plan Commission at its May 13 meeting. It doesn't need Village Board zoning approval, said Theresa Anniuk, zoning administrator.
Global Power has outgrown its main facility at 2300 S. 51st St. Known formally as BHP Inc., the company builds fuel tanks, enclosures and other equipment for the power generation industry.
Global Power currently operates in five Milwaukee-area facilities with more than 1,200 employees, according to the Plan Commission documents. The West Milwaukee plant would have up to 1,000 employees on three shifts.
Global Power plans to buy the 476,316-square-foot building and construct a 230,000-square-foot addition to provide more manufacturing space.
The company hopes to begin constructing the addition in spring 2026 − if a cleanup of the site's contaminated soil is approved by the Wisconsin Department of Natural Resources, Anniuk said.
The Journal Sentinel's corporate parent, Gannett Co., closed the production facility in 2022 as a cost-savings move − eliminating 180 jobs. The newspaper is now printed at a Gannett plant in Peoria, Illinois.
The property was sold in 2022 for $26 million to an affiliate of New York-based Alden Global Capital LLC − an investment firm that owns newspapers, including the Chicago Tribune.
But Alden Global's apparent plans to print the Chicago Tribune in West Milwaukee never materialized.
Tom Daykin can be emailed at tdaykin@jrn.com and followed on Instagram, Bluesky, X and Facebook.This article originally appeared on Milwaukee Journal Sentinel: Ex-Journal Sentinel plant's conversion to Global Power site approved
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

NIQ valued at $6.1 billion as shares dip in NYSE debut
NIQ valued at $6.1 billion as shares dip in NYSE debut

Yahoo

time22 minutes ago

  • Yahoo

NIQ valued at $6.1 billion as shares dip in NYSE debut

(Reuters) -NIQ Global's shares fell 3.6% in their NYSE debut on Wednesday, giving the Advent-backed consumer insights company a valuation of $6.1 billion. The lukewarm reception marks a setback in an otherwise strong run for IPOs as solid equity markets and upbeat debuts had encouraged investors to look past tariff-related volatility. NIQ's stock opened at $20.25 per share, compared with the IPO price of $21 per share. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data

Why Shares of Kohl's Are Sinking Today
Why Shares of Kohl's Are Sinking Today

Yahoo

time22 minutes ago

  • Yahoo

Why Shares of Kohl's Are Sinking Today

Key Points Kohl's has become a meme stock. Investors recently noticed the stock had close to 50% short interest. The company has struggled as of late. 10 stocks we like better than Kohl's › After rocketing nearly 38% higher yesterday, shares of Kohl's (NYSE: KSS) traded close to 16% lower, as of 12:12 a.m. ET today. Shares bobbed and weaved in violent trading sessions sparked by interest from retail investors, who view Kohl's as a meme stock. Meme mania is back With the market at all-time highs, investors are back in on meme stocks and appear to have targeted several names with high short interest that seem ripe for a short squeeze. Other stocks that have become meme stocks include Opendoor, Krispy Kreme, and GoPro. Kohl's had one of the highest percentages of its public float shorted at close to 50%, making it the ideal candidate for meme investors to identify. Kohl's was the topic of several threads on the popular sub-Reddit WallStreetBets on Tuesday. Kohl's has struggled as competition from e-commerce and other discount retailers has cut into the company's business. Recently, analysts at Goldman Sachs raised their price target from $5 per share to $7 on "reacceleration in top-line growth and cleaner inventories." But the stock has soared past that level, due to the meme rally. Of the 12 Wall Street analysts that have issued research reports on the stock over the last three months, five had a hold rating on the company, while seven say sell, according to TipRanks. The average price target implies about 43% downside, as of this writing. Buckle up As mentioned, Kohl's no longer trades on any kind of fundamentals and now is being propelled by social media-driven exuberance. There's no predicting where the stock will go or in which direction, so investors should avoid the name. But if you do invest, only invest what you can afford to lose. Should you invest $1,000 in Kohl's right now? Before you buy stock in Kohl's, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Kohl's wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $641,800!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $1,023,813!* Now, it's worth noting Stock Advisor's total average return is 1,034% — a market-crushing outperformance compared to 180% for the S&P 500. Don't miss out on the latest top 10 list, available when you join Stock Advisor. See the 10 stocks » *Stock Advisor returns as of July 21, 2025 Bram Berkowitz has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Goldman Sachs Group. The Motley Fool has a disclosure policy. Why Shares of Kohl's Are Sinking Today was originally published by The Motley Fool Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data

Sony explores sale of cellular chipsets business, sources say
Sony explores sale of cellular chipsets business, sources say

Yahoo

time22 minutes ago

  • Yahoo

Sony explores sale of cellular chipsets business, sources say

By Milana Vinn NEW YORK (Reuters) -Sony Group is exploring a sale of its unit that provides cellular chipsets for connected devices, as the group shifts its focus to the entertainment segment, according to three people familiar with the matter. The Japanese technology and entertainment conglomerate is working with investment bankers on the sale of Sony Semiconductor Israel, which is currently in the early stages, the sources said. It generates about $80 million in annual recurring revenue and is expected to be valued at close to $300 million in any deal, the sources said. The business is expected to attract interest from financial sponsors and semiconductor industry players, added the sources. Sony declined to comment. The sources requested anonymity as the matter is not public. Formerly called Altair Semiconductor, Sony Semiconductor Israel provides cellular chipsets for connected devices such as wearables, smart meters, and home appliances. Sony acquired the business in 2016 for $212 million. Sony has been increasing its focus on games, movies, and music, with more than 60% of its profit coming from entertainment last year. As part of its portfolio reshaping, Sony is preparing for a partial spinoff and direct listing of its financial services arm later this year. A leading maker of image sensors, Sony said in April it is considering options for its chips division, including bringing in investment partners or adopting a fab-light strategy. Sign in to access your portfolio

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store