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

Top News Links: Tuesday, June 6

Lockheed Martin wins $413M missile extension

Lockheed Martin has received a $413.8 million contract from the U.S. Air Force for Lot 15 production of the Joint Air-to-Surface Standoff Missile (JASSM)-Extended Range version. The Lot 15 contract includes 360 JASSM-ER missiles, data, tooling, and test equipment. These 360 missiles bring JASSM-ER missiles under contract to 910, and to more than 3,000 missiles for JASSM and JASSM-ER combined. Produced at the company's manufacturing facility in Troy, more than 2,150 JASSMs have been delivered. – AerospaceManufacturing.com

Toyota holds off BMW to retain most valuable auto brand title

Toyota returns as the most valuable car brand in an industry facing tighter margins, according to the 2017 BrandZ Top 100 Most Valuable Global Brands ranking, released today by WPP and Kantar Millward Brown.The company saw a -3% fall in brand value to $28.7 billion, with increased sales offset by tough currency challenges as well as increased investment and rising labor costs. BMW ($24.6 billion) and Mercedes-Benz ($23.5 billion) complete the top three, with Ford moving up one place to number four with a brand value of $13.1 billion. – MediaPost

Polaris moving jobs to Alabama from Iowa plant

More production lines will arrive soon at the new Polaris manufacturing plant in Huntsville-annexed Limestone County. Polaris spokesman Evan Miller confirmed the company will transfer production of its Brutus, Bobcat and Gravely products to the new 910,000-square-foot Alabama factory, which opened in early November on Greenbrier Parkway. The Polaris lines will move to Huntsville from the company's closing plant in Milford, Iowa, which had 330 employees. – AL.com

Birmingham accounting firms announce merger

Birmingham accounting firms Borland Benefeld and Lovoy, Summerville & Shelton have announced they'll merge, retaining the name Borland Benefield.  The combined firm will employ 45 people. In addition to Birmingham offices, Borland has an office in Florence and Lovoy has an office in Auburn, giving the new firm a greater reach throughout Alabama. For now, both Birmingham offices will remain open, with the eventual goal to combine into one office. – AL.com

State sues Buckmasters over business practices

The State of Alabama last month filed a 10-count lawsuit against Buckmasters LTD. and related entities, claiming the businesses violated the state’s Deceptive Trade Practices Act. The suit alleges that Buckmasters and its various business units signed consumers up for memberships without their consent and then proceeded to engage in illegal collection efforts when those consumers refused to pay for a service they had not requested. – Outdoor Life

Insys Therapeutics shares drop in part over Alabama case

Shares of Insys Therapeutics dropped about 8 percent Monday amid renewed concerns over the pharmaceutical company's sales practices. NBC News, citing a whistleblower, reported that Subsys — an addictive painkiller 100 times more powerful than morphine used to treat "breakthrough" cancer pain — had been prescribed to patients who shouldn't have received it. Two Alabama health-care professionals working with Insys' programs "designed to educate and promote product awareness and safety for external health care providers" were charged and convicted on 19 of 20 charges brought against them earlier this year. – CNBC

Shipt looking to broaden its grocery delivery model

Shipt, the Birmingham-based online grocery delivery marketplace, has raised another $40 million in its quest to rise above its Southeastern roots to become the dominant grocery delivery brand in the U.S. Shipt is challenging companies like Instacart, Amazon, and Google with a strategy that had, to date, ignored many of the biggest coastal cities in the U.S. (like New York and Los Angeles) in favor of large cities in the Southeast and Midwest. – TechCrunch

Paying for Trump wall trickier than chanting

When President Donald Trump traveled to Alabama for his raucous political rallies last year, he was serenaded with enthusiastic chants from supporters of, "Build the wall." But the signature policy of the Trump administration has run into questions: Will it be a fence, or will it be an actual wall? Who's going to pay for it - the Mexicans, who refuse to do so, or U.S. taxpayers? – AL.com

Add your comment:
Edit Module
Edit Module
Edit ModuleShow Tags

Edit Module