Edit Module Edit Module
Bookmark and Share Email this page Email Print this page Print Pin It

Top News Links: Monday, Feb. 25

Alabama schools face massive cuts along with military

If automatic federal funding cuts go into effect Friday, Alabama will lose some $20 million for education, funds for law enforcement, job placement and health care along with about $275 million in cuts to military programs and personnel, according to White House state-by-state list. — al.com

Austal says its ships are safe from sequestration

Austal USA officials said Friday that their programs to build littoral combat ships and joint high speed vessels will not be affected by federal budget cuts. — Mobile Press-Register

Still no deal, so BP trial heads for court today

Though settlement rumors were in the air Sunday, all parties were headed to federal court in New Orleans today to determine the extent of BP's liability for damages in the 2010 Deepwater Horizon oil spill in the Gulf of Mexico. — al.com

TVA continues to plan for more nuclear plants

While Watts Bar construction is underway and Bellefonte plans are being readied, TVA has started work on plans for four smaller generators in Tennessee. — Chattanooga Times Free Press

$71 million fourth quarter loss at Walter Energy

Birmingham-based Walter Energy blames lower pricing and demand for its $71 million fourth quarter loss; says attempt by shareholder Audley Capital to replace five Walter board members is interrupting Walter's work. — Birmingham News

ALGIX announces plans for Dallas County plant

ALGIX LLC has announced plans for a plant to turn algae into bioplastic resin using a technology developed by Kimberly-Clark and the University of Georgia; company will invest $550,000 in former GoldKist plant. — Selma-Dallas County Economic Development Authority PR

Airbus plant, auto suppliers listed among successes under year-old Accelerate Alabama plan

State officials listed the new Airbus plant, slated to begin construction this year, and several automotive suppliers, as first-year successes under the governor's new Accelerate Alabama plan. — Birmingham News

Coal woes continue in Colombia

While Drummond International, subsidiary of Alabama's Drummond Co., is prevented temporarily prevented from shipping its Colombian coal, the country's biggest producer Cerrejon — idled by a strike — was hit by a blast destroying four trucks; no immediate effect predicted on world coal market which has an abundant supply from other sources. — Reuters

Colonial Brookwood Village gets Fresh Market

Upscale grocer Fresh Market has announced plans to move into an anchor location at Birmingham's Colonial Brookwood Village. — Birmingham News

KBR pledges $100,000 to UAB engineering safety program

Houston-based engineering firm KBR, with offices in Birmingham and around the world, has pledged $100,000 to the University of Alabama at Birmingham to boost the school's safety engineering program. — UAB PR

Hall to chair Regions

Grayson Hall, currently CEO of Regions Financial, has been elected chairman, effective in May. — al.com

Birmingham entrepreneurs boost local economy

EO Birmingham, a group representing entrepreneurs in Alabama's largest city, says more than half its member companies added employees in 2012 and more than 60 percent increased profits last year. — EO Birmingham PR

Big cash payout from Alabama Ag Credit

Rural lending cooperative Alabama Ag Credit has announced a patronage payout of $5.6 million to its members based on strong net income that was 15 percent higher than the previous year. — Alabama Ag Credit PR

Add your comment:
Edit Module
Edit Module
Edit ModuleShow Tags

Edit Module