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

Top News Links: Wednesday, May 11

TVA turns down $38M offer for unfinished nuke plant

An alternative energy company says it wants to buy TVA's unfinished Bellefonte Nuclear Plant for $38 million cash. But TVA spokesman Scott Fieldler says the north Alabama site will be sold by auction, and the process of qualifying bidders hasn't even started. – WVTM

Mobile ponders proposal to give millions to mall refurbisher

A proposal that could grant $7.5 million in tax incentives to the owners of Bel Air Mall generated a mix of cautious approval and skepticism from a Mobile City Council committee on Tuesday, leading to an expected vote at next week’s council meeting. – AL.com

New Coca-Cola distribution center dedicated

Montgomery Coca-Cola Bottling Company dedicated its new, state-of-the-art $35 million distribution center and warehouse Tuesday. As a division of Coca-Cola Bottling Company UNITED Inc. since November 2014, Montgomery Coca-Cola has added 63 jobs to the workforce and now employs 310 with an annual payroll of about $13 million. – Alabama News Net

Opinion: Bentley plan on two-year schools also a scandal

The Alabama Legislature last year gave Gov. Robert Bentley the power to appoint all members of the community college board of trustees, stripping the elected state board of education of its oversight. Bentley picked a yarn maker and clothes dealer. He chose a hospital marketer, a retired head of a health center, a chamber of commerce type, a business development sort, an HR manager and a civil engineer. And out in the hinterlands they called it writin' on the wall. – AL.com

Sessions weighs in again Ex-Im Bank board addition

One of Huntsville's largest employers will likely not receive further support from Sens. Jeff Sessions (R - Alabama) and Richard Shelby (R - Alabama) in its effort to reauthorize what the company calls an "important piece of legislation." Boeing is one of the major U.S. companies looking to get a third member added to the Export-Import Bank board of directors. – WAAY

Alabama cities score high on college debt

In Selma, students are graduating with an average debt of $28,035. With a median income for ages 25 to 44 at $17,610, that means these graduates have a ratio of student debt to median income of a crippling 159 percent — the fifth worst in the nation. But Selma’s not alone, Talledega’s student debt to median income ratio ranks in the top two percent nationwide at 116 percent, followed close behind by Birmingham with 109 percent. – Wallet Hub/Alabama Today

Brown Precision partners with Morris Group on GE engine

Brown Precision, Inc. announced Tuesday that the company has invested $2 million in an automated work cell designed in partnership with Morris Group Inc. The work cell will help facilitate delivery on a $20 million contract to deliver titanium components for GE Aviation’s next generation LEAP engine. – News release

Nowlin & Associates honored by Ameritas

Ameritas, a national leader in finance and insurance solutions, recently awarded Nowlin & Associates of Birmingham with multiple recognitions and awards, including the President’s Trophy. – News release

Clayton Birmingham Home Show set for May 17-19 

Clayton, a Berkshire Hathaway Company, will host its inaugural Clayton Birmingham Home Show from May 17 – 19, 2016 at the Birmingham-Jefferson Convention Complex. Clayton currently employs 2,142 team members from 10 supply operations and seven home building facilities in Alabama. – News release

Add your comment:
Edit Module
Edit Module
Edit ModuleShow Tags