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Wednesday, August 20, 2008

Appeal filed in former exec sentence
Federal prosecutors are appealing the third probation sentence former HealthSouth Corp. executive Ken Livesay received in July for his role in the billion-dollar accounting fraud at the company.

Landmark Homewood restaurant may close after lease expires Sept. 1
The Anchorage, a 67-year landmark among businesses lining Homewood's 18th Street South, will close soon after Sept. 1 if restaurant owner Denton Scott and building owner William Shaia are unable to reach an agreement.

TechMixer University attendees in Birmingham urged to adapt to fast-changing technology
Technology is changing so rapidly that in the next 10 years cars may literally be doing the driving, Birmingham serial entrepreneur Gary York said Tuesday.

Western Supermarkets hits 60-year milestone
Ken Hubbard earned some of his tuition to the University of Alabama in 1960 by working as a bagger at Western Supermarket's Five Points West store.

Business brief roundup
Expert warns of more spam

Human resources
Appointments, promotions, moves, furthermore

Insider
Frontier Spinning cuts Wetumpka jobs

Wall Street wrap-up
Inflation drags down Wall Street

Tuesday, August 19, 2008

Downtown Stonewall project hits economic roadblock
A project to put residences in downtown's 12-story Stonewall building has hit the stone wall of a weak housing market.

Business brief
Cavalier Homes executive resigns:

Business brief
Wall Street falls on financials:

Business brief roundup
Alabama Aircraft posts second quarter loss, but still hopes for Air Force contract in dispute

Honda, Toyota among Alabama auto companies that rank high in customer satisfaction survey
Honda and Toyota, two automakers with a significant presence in Alabama, made strides in a new measure of customer satisfaction, while the other major manufacturers with state operations, Mercedes-Benz and Hyundai, turned in middle-of-the-road performances.

Human resources
Brenda Mathews Brenda Fitts Connie Woolweaver Megan Fly Brad Hale Nicholas J. Landau Webb Lyons Rhonda C. Carter Robin Hurst Robert B. Rubin

Insider:
AT&T pulls plug on cable TV service:

More than million visit al.com in July
A record 1,015,000 unique viewers in July visited Birmingham-based al.com, the online home of The Birmingham News, according to Internet marketing research company ComScore Media Metrix.

Sunday, August 17, 2008

Pinched consumers seek to stretch dollars
In today's economy, many Birmingham area residents are stretching their dollars to the breaking point while others are breaking up the ways they used to spend them.

Texas physicians sue city's Medical Properties Trust over deal
A Houston physicians group is suing Birmingham's Medical Properties Trust for more than $100 million - an amount it says the doctors lost when the medical real estate company struck a secret deal to sell their hospital to a competitor.

' Things are changing constantly.'
Lee Farabaugh has one of the most unusual job titles in Birmingham - director of user experience.

Alabama stocks rise, led by small banks
Alabama stocks rose for the second week in three, led higher by small banks, big industrial companies and a drop in commodities prices.

Two Birmingham churches aim to unite city against crime in prayer vigil
The two churches are miles apart in many ways.

Saturday, August 16, 2008

Alabama's jobless rate rises, but remains better than those of neighboring states
Alabama's unemployment rate jumped to 5.1 percent in July, reflecting the state's slowing economy.

Red Mountain Bank acquires Hoover loan office
Red Mountain Bank said Friday it has acquired another bank's loan production office in Hoover as it counts on a comeback in residential lending.

Business brief
Stocks mixed due to credit, oil:

Business brief roundup
E-mail scam now uses the BBC:

Insider:
More coal mined in state:

Friday, August 15, 2008

Costs hitting consumers with wallop not seen in generation
Consumers are facing prices that haven't risen this fast since 1991.

Hotel slated near Barber, Bass Pro
A new $11.5 million Hampton Inn is slated for Leeds to cater to visitors of Barber Motorsports Park, Bass Pro Shops and a planned outlet mall.

Business brief
Dip in oil again bolsters shares:

Business brief roundup
Locascio joins Luckie & Co. as VP:

Insider:
Hyundai may make Portico here:

Thursday, August 14, 2008

Foreclosures up 73% in a year
Foreclosure filings in Alabama jumped 73 percent last month over the year-ago period, a trend that could continue as a greater amount of subprime adjustable rate mortgages in the state are scheduled to reset in the second half of the year.

Birmingham's Daniel Corp. is teaming with Retirement Systems of Alabama on major development at Point Clear; officials hope it will keep tourism dollars in state
The first phase is complete in a $540 million, mixed-use condo development on Mobile Bay that officials hope will keep tourism dollars in the state.

Latest round of spam e-mails posing as MSNBC news alerts
A new round of spam e-mail messages using fake news headlines - this time purportedly sent from MSNBC - started early Wednesday morning, according to a cyber crime researcher from the University of Alabama at Birmingham.

Business brief roundup
Brandon Haushalter Patrick Trammell

Business brief roundup
Best Buy to sell iPhone 3G:

Insider:
Gymnastics facility opens in Bessemer:

Wednesday, August 13, 2008

Brookwood plans Hoover hospital
Brookwood Medical Center appears ready to go toe to toe with Baptist Health System in the race to be the first to build a hospital in Hoover, according to documents filed with state health regulators.

HOW SAFE IS YOUR BANK?
If you're worried about the health of your bank, there are ways to get an idea of its financial well-being.

Labor pact between U.S. Steel and United Steelworkers covers 16,000 nationally, 1,600 locally
Pittsburgh-based U.S. Steel Corp. and the United Steelworkers said Tuesday they have reached a tentative four-year labor pact covering 16,000 people nationwide and 1,600 employed at the Fairfield Works.

Alabama Power President Charles McCrary says sewer system bankruptcy would brand region for years
Alabama Power President Charles McCrary said Tuesday a Jefferson County sewer system bankruptcy would brand the region with a "scarlet letter" and disrupt economic development.

Business brief roundup
Emageon quarterly loss skyrockets:

Insider:
TV show with ad ties to Pilot bumped:


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This material may not be published, broadcast, rewritten or redistributed.

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