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Top News & Analysis Alabama

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  • 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...

  • 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...

  • UPDATE 1-Coal miner Walter Energy files for bankruptcy Wednesday, 15 Jul 2015 | 12:44 PM ET

    July 15- Walter Energy Inc filed for bankruptcy protection on Wednesday, becoming the latest coal miner to do so as they struggle with a steep fall in prices since 2011.. Walter Energy, which has coal mines in Alabama and West Virginia, said terms of the restructuring assume senior lenders will convert all of their debt into equity. Walter Energy had total debt of...

  • Coal miner Walter Energy files for bankruptcy Wednesday, 15 Jul 2015 | 11:57 AM ET

    July 15- Coal miner Walter Energy Inc filed for bankruptcy protection on Wednesday after struggling with a steep fall in coal prices since 2011.. The Birmingham, Alabama- based company said its U.S. units have filed for a prepackaged Chapter 11 bankruptcy protection, but its other operations including those in Canada and the UK are not included in the filings.

  • NEW ORLEANS, July 14- Signal International will pay $20 million to settle lawsuits alleging fraud and labor trafficking by the Alabama oil rig repair company, which brought hundreds of Indian men to work on the Gulf Coast after Hurricane Katrina, attorneys for the plaintiffs said on Tuesday. "These workers have waited seven long years for justice," Jim Knoepp,...

  • NEW YORK, July 13- U.S. companies are expected to report their worst sales decline in nearly six years when they post second-quarter results, giving investors reason to worry about future profits. Though analysts expect corporate America to show a decline in second-quarter profits, according to Thomson Reuters data, some strategists expect them to defy those...

  • HOUSTON, July 2- BP Plc will pay up to $18.7 billion in penalties to the U.S. government and five states to resolve nearly all claims from its deadly Gulf of Mexico oil spill five years ago in the largest corporate settlement in U.S. history. Under the agreement with the U.S. Department of Justice and the states, BP will pay at least $12.8 billion for Clean Water Act...

  • HOUSTON, July 2- BP Plc has reached an $18.7 billion deal with the U.S government and five states to settle litigation stemming from its deadly 2010 Gulf of Mexico oil well blowout and explosion that killed 11 men and unleashed the worst spill in U.S. history. It also seeks to resolve environmental and economic damage claims by Louisiana, Mississippi, Alabama,...

  • July 2- BP Plc's agreed to pay out $18.7 billion to the U.S. government and five coastal states to settle damages claims from the 2010 Gulf of Mexico spill. The following are details of the payouts and reaction from officials in Alabama, Florida, Louisiana, Mississippi and Texas:. LOUISIANA: The hardest state because of its proximity to the spill will receive more...

  • TOULOUSE, France, July 2- Airbus signed an agreement on Thursday to set up its second plant on Chinese soil in a deal that the European planemaker hopes will lead to lucrative new plane orders. Airbus hopes the increased presence in China will lead to more demand for its profitable but aging wide-body A330, which is due to be revamped with new engines soon to boost...

  • TIMELINE-BP oil spill, litigation at a glance Thursday, 2 Jul 2015 | 10:34 AM ET

    Sept 4- BP Plc reached a $18.7 billion settlement to end five years of litigation following the 2010 Gulf of Mexico oil spill. It is the largest settlement with a single entity in U.S. history, the U.S. Department of Justice said. *April 20, 2010, RIG EXPLODES: An explosion on the Deepwater Horizon oil rig at the Macondo exploration well kills 11 workers and releases...

  • July 2- BP Plc has reached a comprehensive $18.7 billion settlement with the U.S. government and five states, a landmark deal that effectively ends years of litigation over environmental damage and human casualties caused by the 2010 Gulf of Mexico spill. Clean Water Act fines and natural resources damages, along with claims by Alabama, Florida, Louisiana,...

  • LOS ANGELES, June 27- As calls grow to remove the Confederate flag from public spaces across America's South, Vanessa White says she questions whether that would mark real progress for black Americans like her. The 57- year-old Compton, California construction worker has seen and endured too much, she says, to be excited. Across the country, African Americans are...

  • June 25- Rare earths miner Molycorp Inc filed for Chapter 11 bankruptcy protection on Thursday along with its North American subsidiaries to restructure $1.7 billion of debt in its U.S. and Canadian operations. Molycorp has also obtained agreement for up to $225 million in new debtor-in-possession financing, it said in a statement. The Birmingham, Alabama-...

  • America's 10 worst states to live in 2015 Wednesday, 24 Jun 2015 | 4:30 PM ET
    Top States 2015: Lowest Quality of Life

    These places get the low marks for their high crime rate, pollution, lack of inclusiveness and the poor health of their citizens.

  • WASHINGTON, June 19- The U.S. government's appeals process for reviewing flood insurance claim disputes is riddled with flaws, but there is no evidence of systematic underpayments by insurers to flood victims, an investigation by U.S. Senate staffers has found. "Despite widespread concerns, it does not appear that systematic incentives exist for any...

  • NEW YORK, June 8- A study released on Monday found that the 50 priciest U.S. hospitals charged some patients more than 1,000 percent of what Medicare considers the cost of procedures. North Okaloosa Medical Center 1,260%. Paul B Hall Regional Medical Center 1,250%.

  • *Intel falls on $16.7 bln Altera buy. Boston Fed President Eric Rosengren said with little evidence of a rebound, the Fed is in no position to start raising interest rates for the first time since 2006.. But as the day has progessed, some of the enthusiasm has worn off since the debate continues as to when the Fed is going to raise rates, "said Bucky Hellwig, senior vice...

  • CHICAGO, May 30- Indiana is training 300 prisoners to kill infected chickens and banning bird shows at county fairs. Iowa is trying to figure out how to deal with a mountain of dead- and reeking- chickens. Robert Cobb, state veterinarian for Georgia, the nation's leading producer of chickens raised for meat, which has not had any cases so far.