Tuesday, November 24, 2015
Walter Energy is asking for a bankruptcy court's approval to end its employment agreements with its unions and stop paying retiree benefits, according to documents filed Monday. The Birmingham-headquartered coal company announced that senior lenders had entered into an asset purchase agreement earlier this month after filing for Chapter 11 bankruptcy protection in July. – AL.com
A confluence of technologies has allowed the sharing economy to grow rapidly in many industries, including the banking sector, and is changing consumer behavior in a way that will have far-reaching consequences, BBVA Compass economists say in a new report. – Sys-Con.com
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Researchers at the University of Alabama believe they have cooked up a new industry for the state, a “chitin economy” — ready to yield a mother lode of new products from the shells of shrimp.
From surgical staples to vinyl, these products all have an Alabama accent.