Some good news about the Bucyrus International bank loan mess …
From the Milwaukee Journal Sentinel this afternoon:
The U.S. Export-Import Bank has agreed to reverse a decision to deny $600 million in loan guarantees for mining equipment that would be manufactured in the U.S. for a coal mine in India, saving up to 1,000 jobs, Sen. Herb Kohl (D-Wis.) said Wednesday.
Kohl said the bank would support the loan guarantees provided that the Indian borrower, Reliance Power Ltd., moves ahead with renewable energy projects that also could use U.S. made equipment.
Click here for the full story.
While this doesn’t keep the headquarters in South Milwaukee (see the post below), at least we can look forward to some new jobs …
South Milwaukee Blog 
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