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

Top News Links: Thursday, May 12

MGT Capital buys into tech incubator Round House

MGT Capital Investments Inc. announced today that it has acquired a membership interest in The Round House LLC, an Alabama-based technology incubator offering co-working space, accelerator services and angel investment. Located a few miles from Auburn University, Round House was founded by Kyle Sandler, a successful serial entrepreneur with eight years of experience at Google and three major successful technology exits. – Street Insider

Merger of community colleges sees delay

The pending merger of Chattahoochee Valley Community College with two other Alabama institutions has been delayed. Five months ago, the Alabama Community College System board of trustees approved the consolidation of seven institutions into two regional campuses. The system’s chancellor said Wednesday the plan won’t be implemented until “the middle of 2017 at the earliest.” – Ledger-Enquirer

Opelika teen wants $50M for his startup

Remember that 14-year-old entrepreneur who made headlines for turning down a $30 million buyout opportunity? Well, he has a magic number for selling his vending machine company, RecMed, and it's a cool $50 million. Taylor Rosenthal, a ninth grader from Opelika, launched RecMed last year. – CNBC

Jetsetters advised to check out Florence

The largest city in the Shoals has caught the attention of the jet set. An article in the latest issue of Jetsetter magazine places Florence third on a list of nine small southern towns to visit. It cites the presence of designer Billy Reid, the Frank Lloyd Wright-designed Rosenbaum house, and the Muscle Shoals music business as reasons to visit the Tennessee River city. – TimesDaily

‘Crown jewel’ of Montgomery real estate sells

The 80,000-square-foot Bishop-Parker Building in downtown Montgomery has sold to a Georgia hospitality company, which plans to turn the structure into a four-story hotel. The 109-year-old Bishop-Parker Building at 157 Coosa St. is located directly across from Riverwalk Stadium and within walking distance of the Renaissance Montgomery Hotel and Convention Center, the Alley Entertainment District, the Riverwalk Amphitheatre and City Hall. – AL.com

Store owners warned to pull Kratom off shelves

A number of district attorneys across Alabama are issuing public notices that Kratom is now illegal statewide.  This includes the sale and possession of Kratom or any product containing Kratom, which affects opiod receptors. In Alabama, Kratom has been available in gas stations, various retail stores and on the internet. – WHNT

Catching up with Alabama’s Jim Rogers

Jim Rogers' vision of an impending bankrupt western world caused him to move to Singapore. Other guests on this show understand the destruction of Keynesian economics but the advantage Jim has over all the others is time spent among common people in over 100 countries. – Seeking Alpha

Maaco plans to open six car-repair shops in Birmingham

A Charlotte-based collision repair and paint business is seeking franchise owners with the hopes of opening six locations in the Birmingham area over the next two years. Maaco is seeking single and multi-unit franchise partners and they don't have to have auto experience. Initial investment to buy a franchise is $285,000. – AL.com

CEOs rank Alabama 20th as state for business

Chief executive officers across the nation generally have a positive view of Alabama's friendliness to business, but they also have a not-so-pleasing perception of the state's workforce and living environment. CEOs from businesses located in Alabama give more positive ratings. Those views are expressed in Chief Executive magazine's annual "Best and Worst States for Business" survey. – TimesDaily

Add your comment:
Edit Module
Edit Module
Edit ModuleShow Tags