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Top News & Analysis Alabama

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  • BIRMINGHAM, Ala.— HealthSouth Corp. on Wednesday reported second-quarter profit of $42.9 million. HealthSouth expects full-year earnings to be $2.11 to $2.17 per share. HealthSouth shares have increased 21 percent since the beginning of the year.

  • The ruling by the U.S. Court of Appeals for the District of Columbia Circuit orders the EPA to redo sulfur-dioxide and nitrogen-oxide standards for 13 states, mostly in the South and Midwest, that contribute to soot and smog along the East Coast. The April 2014 ruling was an important victory for the Obama administration and capped a decades-long effort by the...

  • TRENTON, N.J.— New Jersey plans to put body cameras on all state troopers who work in the field and is issuing guidelines on how local police forces statewide should use the devices. Acting Attorney General John Hoffman, who outlined the plans Tuesday, also announced $2.5 million in state funding to help local police departments buy body cameras.

  • 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...

  • NEW ORLEANS— A federal judge says BP will begin paying up to $1 billion in settlements to compensate local governments across the Gulf Coast for lost tax revenue and other economic damages they blame on the company's 2010 oil spill. July 15 was the deadline for roughly 500 local governments in five states to decide whether to accept BP's settlement offers as...

  • CAMARILLO, Calif.— The average price of gasoline has dropped a penny over the past two weeks to $2.82 a gallon. The cheapest price recorded in the continental United States was $2.33 a gallon in Birmingham, Alabama. The highest was $4.13 a gallon in Los Angeles.

  • BRENHAM, Texas— Blue Bell Creameries has started ice cream production trial runs in Alabama three months after a listeria scare halted all sales. The Texas- based company said it's evaluating enhanced production processes at its plant in Sylacauga, Alabama. Company products were linked to 10 listeria illnesses in four states, including three deaths in Kansas,...

  • Agriculture Secretary Tom Vilsack told the House Agriculture Committee at a hearing on Wednesday. Developing a vaccine targeted to the H5N2 virus that has killed 48 million birds since early March in 15 states, including hardest-hit Iowa, Minnesota and Nebraska, is one aspect of planning for a potential recurrence of the bird flu, Vilsack said.

  • Senate GOP adds Dodd-Frank rewrite to $21B funding bill Wednesday, 22 Jul 2015 | 12:24 PM ET

    The measure approved Wednesday by a Senate panel would ease requirements on smaller banks and give lenders greater freedom from mortgage lending rules. The measure cleared the Banking Committee on a party-line vote two months ago and appears unlikely to pass the Senate soon. At the same time, the legislation would require the report to be submitted to...

  • WASHINGTON— Americans bought homes in June at the fastest rate in over eight years, pushing prices to record highs as buyer demand has eclipsed the availability of houses on the market. The National Association of Realtors said Wednesday that sales of existing homes climbed 3.2 percent last month to a seasonally adjusted annual rate of 5.49 million, the...

  • Ahead of the Bell: Home sales likely picked up in June Wednesday, 22 Jul 2015 | 6:15 AM ET

    WASHINGTON— The National Association of Realtors reports on June sales of existing homes Wednesday at 10 a.m. Eastern. The condominium market in Massachusetts contains just 1.8 months' supply, according to a Federal Reserve report this month. The majority of real estate agents in the Atlanta Fed region— which ranges from Alabama to Florida— said that...

  • 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.

  • Senate Majority Leader Mitch McConnell, R- Ky., said he would give Democrats more time, but added he intends to push forward with the bill even if it means keeping the Senate in session over the weekend. Charles Schumer of New York, the No. 3 Democratic leader, said, "I can't remember a time where I have been asked in all my years in the Congress to vote yes ahead of time on a...

  • The resignation of nine Toshiba executives, including the CEO, for doctoring books places the company beside the growing rogues' gallery of corporate desperados. The Houston company set a new standard for creative accounting practices. Tyco's CEO Dennis Kozlowski became the singular image of excess on Wall Street, throwing a $2 million birthday party for his...

  • Regions Financial meets 2Q profit forecasts Tuesday, 21 Jul 2015 | 6:12 AM ET

    BIRMINGHAM, Ala. _ Regions Financial Corp. on Tuesday reported second-quarter earnings of $285 million. The average estimate of 14 analysts surveyed by Zacks Investment Research was also for earnings of 20 cents per share. Regions Financial shares have fallen slightly more than 3 percent since the beginning of the year, while the Standard& Poor's 500 index has...

  • The Latest: NYC mayor denounces EU over immigration Tuesday, 21 Jul 2015 | 5:19 AM ET

    New York City Mayor Bill de Blasio has denounced the European Union for leaving Italy to deal with waves of immigrants coming from North Africa, saying the EU must come up with a Europe- wide immigration policy. De Blasio, whose grandparents emigrated from Italy to New York, said he was "deeply troubled by the lack of action by the European Union and the way that Italy...

  • World mayors at Vatican urge 'bold climate agreement' Tuesday, 21 Jul 2015 | 3:05 AM ET

    VATICAN CITY— Mayors from around the world declared Tuesday that climate change is real, man-made and must be stopped as a matter of moral imperative, gathering at the Vatican to announce new measures to fight global warming and bask in Pope Francis' ecological star power. The Vatican invited the 60 mayors to a two-day conference to keep up pressure on world...

  • ServisFirst misses 2Q profit forecasts Monday, 20 Jul 2015 | 4:31 PM ET

    BIRMINGHAM, Ala. _ ServisFirst Bancshares Inc. on Monday reported second-quarter earnings of $14.5 million. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 55 cents per share. This story was generated by Automated Insights using data from Zacks Investment Research.

  • New Harper Lee book already million seller Monday, 20 Jul 2015 | 10:31 AM ET

    HarperCollins, where authors have included Michael Crichton and Veronica Roth, is calling "Watchman" its fastest seller in history. "Watchman" was completed before Lee's Pulitzer Prize-winning "Mockingbird," but is set in the same Alabama community 20 years later. Critics and readers were startled to find the heroic Atticus of "Mockingbird" disparaging blacks...