Top News & Analysis Alabama

  • WASHINGTON, Jan 17- Liberal U.S. Supreme Court justices on Tuesday questioned the practices of a firm that buys unpaid consumer debt for pennies on the dollar then seeks to recover it from people in bankruptcy even when barred from doing so by state statutes of limitations. During arguments in a case involving debt collection company Midland Funding, a...

  • WASHINGTON, Jan 17- The U.S. Supreme Court on Tuesday appeared divided as it weighed whether people who have filed for bankruptcy can sue companies that attempted to collect old debt from them that was not required to be paid back because of state statutes of limitations. During arguments in the case, three liberal justices seemed sympathetic toward an Alabama...

  • *Hyundai Motor Group agonising over Mexico plant. SEOUL, Jan 17- The Hyundai Motor Group said it plans to lift U.S. investment by 50 percent to $3.1 billion over five years and may build a new plant there- the latest auto firm to announce fresh spending after President-elect Donald Trump threatened to tax imports. Under pressure to deliver on campaign promises to...

  • Chung Jin Haeng, a president of the world's fifth-largest automotive group, said Hyundai Motor, Kia Motors and their affiliated companies will spend $3.1 billion by 2021 on research and development and maintaining their factories in Alabama and Georgia. Chung said Hyundai will study building a new U.S. factory if demand for cars rises during Trump's...

  • SEOUL, Jan 17- The Hyundai Motor Group said it plans to boost U.S. investment by 50 percent to $3.1 billion over five years and may build a new U.S. factory- the latest auto firm to announce fresh investment after threats from President-elect Donald Trump to tax imports. Trump has threatened to slap a 35 percent tax on vehicles imported from Mexico, criticising...

  • NEW YORK, Jan 16- U.S. companies are set to report their strongest profit growth in two years, which could go a long way toward justifying Wall Street's record-breaking rally, say stock investors who anticipate many companies will top expectations. said RBC Capital Markets Chief Equity Strategist Jonathan Golub, who thinks current profit estimates do not fully...

  • WASHINGTON— President-elect Donald Trump's meetings with CEOs seeking federal approval for major mergers are raising red flags for ethics lawyers concerned that about the possible erosion of a firewall between the regulators tasked with approving the billion-dollar deals and the White House. On Thursday, Trump sat down to discuss jobs with the chief...

  • WASHINGTON— The Supreme Court said Friday it will decide whether employers can require workers to sign arbitration agreements that prevent them from pursuing group claims in court. One case involves a form that retail gas station owner Murphy Oil USA required its workers to sign, agreeing that any employment disputes would be resolved individually through...

  • COLUMBUS, Ohio— Ohio's prisons agency is trying to obtain a drug that could reverse the lethal injection process if needed by stopping the effects of another drug previously used in problematic executions. The request to use the drug would come if executioners weren't confident the first of three lethal drugs would render a prisoner unconscious, Gary Mohr,...

  • HAVANA, Jan 12- Dozens of U.S. farm and agri-business groups on Thursday urged President-elect Donald Trump to build upon progress made by the Obama administration in relations with Cuba, calling trade with the former Cold War foe particularly important at a time of a severe downturn in farm incomes. "As a broad cross-section of rural America, we urge you not to...

  • Final repossessions of properties also dropped overall, but did increase in 21 states and the District of Columbia, including Massachusetts, Alabama, New York, Virginia and New Jersey. Daren Blomquist, spokesman for the Irvine, California, data company, said just over half of the foreclosures that did take place were related to the housing crisis, which began in...

  • WASHINGTON— The Latest on activities in Congress:. Marco Rubio is frustrated with how Donald Trump's choice for secretary of state handled his confirmation hearing. Rubio's opinion could prove pivotal when the Senate Foreign Relations Committee votes on Tillerson's nomination.

  • PARIS— Airbus delivered a record number of planes last year despite engine and cabin production problems, even as new orders slumped for both the European manufacturer and its U.S. rival Boeing. An unlikely customer provided a big boost to the industry in 2016: Iran, scheduled to receive its first Airbus plane in years Wednesday as part of a multibillion-dollar...

  • WASHINGTON— Republicans will work on unraveling and replacing the health care law at the same time, House Speaker Paul Ryan said Tuesday as GOP leaders struggled to align their zeal to rapidly erase one of President Barack Obama's proudest achievements with Congress' legislative and political pitfalls. Dennis Ross, R- Fla., Ryan told Republicans Tuesday that "he...

  • DETROIT, Jan 9- Global auto executives at the Detroit auto show are highlighting their investments in the United States, mindful of President-elect Donald Trump's attacks on automakers for building vehicles in Mexico. FCA announced on Sunday it would spend $1 billion to retool factories in Ohio and Michigan to build new Jeep sport utility vehicles, as well as a...

  • In a story Jan. 4 about aging and finances, The Associated Press misidentified two sources. Billy Hensley is the senior director of education for the National Endowment for Financial Education. And cited research came from the University of Alabama at Birmingham, not the University of Alabama.

  • DETROIT, Jan 9- Global auto executives at the Detroit auto show are highlighting their investments in the United States, mindful of President-elect Donald Trump's attacks on automakers for building vehicles in Mexico. FCA announced on Sunday it would spend $1 billion to retool factories in Ohio and Michigan to build new Jeep sport utility vehicle, including a...

  • SPIRIT LAKE, Iowa— Polaris Industries will stop making its Victory motorcycles so it can focus on its Indian Motorcycle brand and other products. The motorcycles were produced at the Minneapolis- based company's Spirit Lake, Iowa, and Spearfish, South Dakota, plants. The company decided that its Indian Motorcycle brand has better growth prospects, Polaris CEO...

  • Honda unveiled a sleeker 2018 Odyssey Monday at the North American International Auto Show in Detroit featuring a range of design and technology updates. Honda calls its flexible second-row advancements "Magic Slide," and promises seats that can easily reconfigure, whether moving forward, together or apart from other seats and rows. Getting equal billing are...

  • WASHINGTON, Jan 9- The U.S. Supreme Court on Monday declined to hear a bid by banks to avoid a Federal Deposit Insurance Corp lawsuit over the 2009 collapse of Alabama's Colonial BancGroup Inc.. The justices left in place a May 2016 ruling by the New York- based 2nd U.S. Circuit Court of Appeals that found that the FDIC did not wait too long to sue Credit Suisse Group AG,...