On Air Now

Current Show

Jerry Bader   9:00 AM - 11:00 AM

Call The Jerry Bader Show at 1-888-455-1360

Show Info »

Upcoming Shows

Program Schedule »


Listen Live Now » 550 AM Wausau, WI 99.9 FM Stevens Point, WI


Current Conditions(Wausau,WI 54403)

More Weather »
64° Feels Like: 64°
Wind: SW 5 mph Past 24 hrs - Precip: 0”
Current Radar for Zip


AM Thunderstorms 75°


Clear 53°


Mostly Sunny 79°


Joy Global mining sells off recent acquisition


MILWAUKEE, WI (WTAQ) - Milwaukee mining equipment maker Joy Global is selling part of a business it recently acquired.

Joy Global bought LeTourneau Technologies – but it only plans to keep the mining portion of that company.

LeTourneau also makes drilling products – and Joy is selling that part of the operation to Cameron International for $375-million.

Joy says the money from the sale will help pay for another firm it recently acquired – International Mining Machinery Holdings of China.

Also today, Joy Global reported quarterly profits of $172-million, up from $119-million at the same time a year ago. Revenues jumped by 29-percent to $1.1 billion dollars – and that does not include the transactions involving LeTourneau.