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Top News & Analysis Alabama

  • June 19- Energen Corp said on Monday its board had unanimously decided to stick to its business plan, shrugging off hedge fund Corvex Management LP call in May for a possible sale of the oil and gas producer. The Birmingham, Alabama- based company, which has a large concentration of its assets in the Permian Basin, also raised its 2017 production forecast by 5.9...

  • Instead, the box office dud has unintentionally played a role in giving new life to efforts to rid Massachusetts of its film industry subsidies. The state Senate has proposed a budget paring back what's considered among the most generous of the 36 states currently offering tax incentives to film companies. David Hartman, head of the Massachusetts Production...

  • NEW YORK, June 16- The overseer of a $4 billion U.S. government fund to compensate victims of Bernard Madoff's Ponzi scheme expects to start distributing money this year, following criticism of the lack of payouts in the nearly four years since the fund's creation. Their claims were deemed valid in early June by the Department of Justice, whose fund is overseen by...

  • WASHINGTON— Employers added a significant number of jobs in nine states last month, and unemployment rates in four states fell to record lows. The Labor Department said Friday that the states with the largest percentage gains in jobs were Alaska, Alabama and Louisiana. Florida added nearly 30,000 jobs last month, the most of any state, followed by New York with...

  • *Wall St lower, hit by energy shares, tech. *Dollar rises after data backs further Fed tightening. NEW YORK, June 15- Stock indexes around the world fell on Thursday as technology shares resumed their recent sell-off, while the prospect of tighter monetary policy in the United States and Britain pushed up the dollar.

  • SAN FRANCISCO, June 14- A UPS driver opened fire with a handgun inside a United Parcel Service Inc delivery center in San Francisco on Wednesday, killing three co-workers before fatally shooting himself as police closed in, authorities and company officials said. Five other people suffered less serious injuries in a frantic exit from the building, San...

  • JONESBORO, Ark.— A group of Arkansas farmers have filed a class-action lawsuit against the makers of the herbicide dicamba that they blame for damaging their crops. The lawsuit was filed Wednesday in federal court in Jonesboro, Arkansas, against Monsanto Co. and BASF Corp. In a statement, plaintiffs' attorney Phillip Duncan says his clients seek unspecified...

  • SAN FRANCISCO, June 14- A UPS driver opened fire with a handgun inside a United Parcel Service Inc delivery center in San Francisco on Wednesday, killing three co-workers before fatally shooting himself as police closed in, authorities and company officials said. Two other people were taken to an area hospital with gunshot wounds, and another five individuals...

  • SAN FRANCISCO, June 14- A UPS driver armed with a handgun opened fire at a United Parcel Service Inc package-sorting center in San Francisco on Wednesday, killing three people before fatally shooting himself as officers closed in. The victims, like the gunman, were also company drivers, said Steve Gaut, head of investor relations at UPS. Two other people were taken...

  • SAN FRANCISCO, June 14- A man dressed in a UPS uniform and armed with an "assault pistol" opened fire at a United Parcel Service Inc package sorting hub in San Francisco, killing three people before fatally shooting himself in the head, police said. Two other people were shot and have been taken to an area hospital, San Francisco police said. Any shooting is one shooting...

  • SAN FRANCISCO, June 14- A man dressed in a UPS uniform and armed with an "assault pistol" opened fire at a United Parcel Service Inc package sorting hub in San Francisco, killing three people before turning the gun on himself, police said. Police did not identify the suspect or say if he was a UPS employee. The shooter and the victims were all drivers, said Steve Gaut, head...

  • Health insurer Centene announced plans Tuesday to expand into more Affordable Care Act insurance exchanges for next year, at a time when competitors are either pulling back from those markets or proposing steep price hikes to remain. It also will expand its presence in Florida, Ohio, Texas and Washington, among other states. A Centene spokeswoman said that the...

  • DES MOINES, Iowa— Iowa could be the first state in the nation with no health insurance company willing to offer policies on its Affordable Care Act exchange next year unless the President Donald Trump's administration approves a stopgap proposal, Iowa Insurance Commissioner Doug Ommen said Monday. Ommen said he and officials from two major Iowa insurance...

  • SAN FRANCISCO, June 9- A steep drop in technology stocks on Friday, led by Apple's worst plunge in 14 months, has left investors concerned that a rally may be over for high-flying Silicon Valley names that have pushed Wall Street to record highs this year. It doesn't take much to get a decline started, "said Stephen Massocca, senior vice president at Wedbush...

  • SAN FRANCISCO, June 9- A steep drop in technology stocks on Friday, led by Apple's worst plunge in 14 months, has left investors concerned that a rally may be over for high-flying Silicon Valley names that have pushed Wall Street to record highs this year. It doesn't take much to get a decline started, "said Stephen Massocca, senior vice president at Wedbush...

  • *Comey says no doubt Russia interfered in the election. June 8- U.S. stocks edged higher in choppy early afternoon trading on Thursday as investors assess former FBI Director James Comey's statements regarding an investigation into Russia's alleged meddling in the 2016 U.S. presidential election. Comey said he was disturbed by President Donald Trump's bid to...

  • *Arab powers cut ties with Al Jazeera owner Qatar on Monday. *Qatar accused of using channel to attack Arab governments. CAIRO, June 6- As one Arab state after another announced it was severing ties with Qatar, the tiny Gulf monarchy's flagship television channel Al Jazeera did not react like other broadcasters-- it updated its news ticker but its presenters said...

  • RASTATT, Germany, June 2- German car and truck manufacturer Daimler said its plans to expand manufacturing at a plant in Alabama predates U.S. He used Twitter this week to attack Germany partly for its trade policies, flagging the United States' "massive trade deficit with Germany." Last year, around 545,000 cars were shipped from Germany to the United States, German...

  • Ten years from now coal will be just 15 percent, " TVA Chief Executive Bill Johnson said, noting the company has retired more than half its coal plants over the past decade. Despite efforts by President Donald Trump to sweep away former President Barack Obama's climate change regulations, like the Clean Power Plan, and his decision on Thursday to withdraw from the...

  • The Birmingham, Alabama- based company has a large concentration of its assets in the Permian Basin. Oil industry deals this year have centered on securing acreage in the Permian Basin due to its low production costs, key at a time when oil prices have recovered to around $50 per barrel, up from around $35 per barrel in early 2016.. Corvex, a $5.5 billion hedge fund run...