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Top News & Analysis Alabama

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  • Bimbo Bakeries recalls bread sold in 11 states Wednesday, 26 Aug 2015 | 6:44 PM ET

    NEW YORK— The maker of Sara Lee, Nature's Harvest and other brands is recalling about 48,000 packages of bread sold in 11 states because they may contain fragments of glass from a broken light bulb at a company factory. The recall covers seven different Sara Lee products, two each sold under the Nature's Harvest and Great Value brands, and one each for the Kroger,...

  • Economic issues occupied a small portion of the GOP's first presidential primary debate last month, a stark contrast from the primary debates of 2012, which focused heavily on jobs and the economy. In Nevada, which will pick Republican and Democratic nominees Feb. 20, unemployment is still high at 6.8 percent. Nevada has added about 45,000 jobs in the past year,...

  • "We saw strange things in the data," said Chris Barnes, a former swaps trader now with ClarusFT, a London- based data firm. The missing transactions reflected an effort by some of the largest U.S. banks- including Goldman Sachs, JP Morgan Chase, Citigroup, Bank of America, and Morgan Stanley- to get around new regulations on derivatives enacted in the wake of the financial...

  • Hibbett misses Street 2Q forecasts Friday, 21 Aug 2015 | 6:36 AM ET

    BIRMINGHAM, Ala. _ Hibbett Sports Inc. on Friday reported fiscal second-quarter earnings of $7 million. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of 29 cents per share. Seven analysts surveyed by Zacks expected $202.1 million.

  • BIRMINGHAM, Ala.— An automotive parts supply company based in India is planning to build a $150 million plant in Tuscaloosa and create 650 jobs, Alabama Gov. Alabama is home to three automotive manufacturing plants, an engine manufacturing plant and many other facilities that offer parts and services. The company qualifies for more than $22 million in a 10- year...

  • NEW YORK, Aug 19- A U.S. regulator sued Bank of New York Mellon Corp on Wednesday over more than $2 billion in mortgage-backed securities purchased by a failed Texas bank, claiming BNY Mellon breached its duties as bond trustee to protect investors. Austin, Texas- based Guaranty Bank closed in August 2009, and the FDIC arranged for its deposits to be assumed by BBVA...

  • NEW YORK, Aug 19- A U.S. regulator sued Bank of New York Mellon Corp on Wednesday over more than $2 billion in mortgage-backed securities purchased by a failed Texas bank, claiming BNY Mellon breached its duties as bond trustee to protect investors. The Federal Deposit Insurance Corp, which sued in its capacity as receiver for Guaranty Bank, said it suffered more...

  • Oil lease sale western Gulf's lowest ever in bids, money Wednesday, 19 Aug 2015 | 4:05 AM ET

    NEW ORLEANS— The smallest oil lease sale ever in the western Gulf of Mexico and one of the smallest in the entire Gulf brought only five bidders Wednesday, with low oil prices limiting interest in the prospects. Officials had expected interest to be down from last year because oil prices are so low, said Mike Celata, acting regional director for the Bureau of Ocean...

  • NEW YORK, Aug 18- In July 2013, California urogynecologist Andrew Cassidenti received an email from an entrepreneur named Otto Fisher, who had a proposition. In a phone call, Fisher said he needed doctors to operate at outpatient centers in California and Las Vegas. Fisher said he could guarantee Cassidenti $2,500 for every surgery the doctor performed, "whether...

  • NEW YORK— AutoNation said Tuesday it will buy 16 dealerships in the Southeast and the Baltimore area, and said the new locations will add about $600 million to its annual revenue. The remaining three locations are in the Baltimore market and include Audi, Mercedes-Benz, Subaru and Volkswagen franchises. Shares of AutoNation Inc. rose $1.60, or 2.6 percent, to...

  • BRENHAM, Texas— Blue Bell Creameries will resume distributing ice cream to select markets in Texas and Alabama this month after halting sales and production following listeria contamination. The first phase, which starts Aug. 31, will include the Brenham, Houston and Austin areas in Texas and the Birmingham and Montgomery areas in Alabama.

  • FAIRFIELD, Ala.— U.S. Steel Corp. said Monday that it will close its Fairfield Works mill, one of the largest remaining pieces from Birmingham's years as a Southern steel-making giant. "Any time you're talking about a major layoff, it's no good news at all," Fairfield Mayor Kenneth Coachman said. The plant is just outside the city limits of its namesake town, but...

  • Former NAACP leader Julian Bond dies at 75 Sunday, 16 Aug 2015 | 3:42 AM ET
    Julian Bond.

    Julian Bond, a charismatic figure of the civil rights movement, died on Saturday night in Fort Walton Beach, Fla at 75, The NY Times reports.

  • States from Alabama to West Virginia that oppose the Obama administration's Clean Power Plan filed for the stay in the U.S. Court of Appeals for the D.C. Circuit and asked for a ruling by Sept. 8, one year before states need to submit compliance plans to the EPA. "This rule is the most far-reaching energy regulation in the nation's history, and the EPA simply does not...

  • TOKYO, Aug 9- Japan's Sumitomo Life Insurance Co is in talks to buy U.S. life insurer Symetra Financial Corp, the Nikkei business daily reported on Sunday. Sumitomo Life is looking to acquire Washington- based Symetra for a fee estimated between 400 to 500 billion yen, the Nikkei said without citing sources. In February, Dai-ichi Life Insurance Co bought Alabama-...

  • *ArcelorMittal has limited China exposure. BRUSSELS, July 31- ArcelorMittal, the world's largest steelmaker, said it would do better in the second half of the year than the first and kept its 2015 profit targets, despite cutting its global forecast for steel demand. ArcelorMittal, which produces 6 to 7 percent of the world's steel, repeated its 2015 for core profit...

  • July 27- Real estate investment trust Medical Properties Trust Inc said on Monday it would buy privately held Capella Holdings Inc, owner of hospital operator Capella Healthcare Inc, for $900 million in cash. Birmingham, Alabama- based Medical Properties Trust said the deal consists of a $600 million investment in Capella's real estate and about $300 million...

  • July 27- Real estate investment trust Medical Properties Trust Inc said it would buy privately held Capella Holdings Inc, owner of hospital operator Capella Healthcare Inc, for $900 million in cash. Birmingham, Alabama- based Medical Properties said the deal value will comprise of a $600 million investment in Capella's real estate and an investment of about...

  • Key senators reach agreement on 6-year highway bill Tuesday, 21 Jul 2015 | 6:05 PM ET
    Senate Majority Leader Mitch McConnell talks to reporters in Washington.

    Senate negotiators say they've reached an agreement on a six-year highway and transit bill subject to approval by rank-and-file lawmakers.

  • NEW YORK, July 15- U.S. stock prices slipped on Wednesday as weaker oil prices hurt energy shares, while uneasiness about a Greek government vote on whether it would accept tough terms for another bailout and protests against a debt deal spurred safe-haven bids for bonds. I think the consensus is it's still going to pass the Greek parliament, but in the meantime, the...