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Top News & Analysis Alabama

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  • Gulf of Mexico offshore Louisiana in the early hours of Friday, though no injuries were reported, the U.S. Coast Guard said. Fire-fighting crews worked to contain the fire on Friday near Breton Island, 50 miles offshore New Orleans, the Coast Guard said. It was unclear what caused the incident or how much oil leaked into the ocean, but the Coast Guard said it has...

  • WASHINGTON, May 21- The largest overhaul of U.S. financial industry reform since the 2008 crisis hit a roadblock on Thursday, as a regulation relief bill passed a Senate committee with zero Democrats in support. Wall Street dodged a tough provision as Republican Senator David Vitter withdrew his amendments, the most significant being a minimum 10 percent...

  • WASHINGTON, May 21- The Senate Banking Committee passed a bill on Thursday that proposes changes to the Federal Reserve and seeks regulatory relief for small to medium-sized banks, though with no Democrats on board, the legislation faces slim chances of success. With a majority on the committee, Republicans cleared the Financial Regulatory Improvement Act of...

  • TAMPA, Fla., May 20- A record dolphin die-off in the northern Gulf of Mexico was caused by the largest oil spill in U.S. history, researchers said on Wednesday, citing a new study that found many of the dolphins died with rare lesions linked to petroleum exposure. Millions of barrels of crude oil spewed into Gulf waters, and a dolphin die-off was subsequently seen...

  • DETROIT, May 19- Aston Martin will decide whether add production at another plant by the end of the year and it would likely be in the United States, the British luxury sports car maker's chief executive told Automotive News. CEO Andy Palmer told the industry publication on Tuesday that the U.S. state of Alabama is the "obvious choice" for a new plant to build the...

  • WASHINGTON, May 12- President Barack Obama addressed U.S. struggles with class and race in personal terms on Tuesday and renewed his call to close tax loopholes enjoyed by wealthy hedge fund managers as a way to reduce poverty among Americans. With police shootings of unarmed black men in the news and roughly a year and a half left in the White House to shape his...

  • Senate Banking Committee chairman Richard Shelby of Alabama published long-awaited details of the Financial Regulatory Improvement Act of 2015, listing proposals that would lighten compliance burdens for small financial firms and enforce more transparency at the central bank and the financial stability council. But the committee's top Democrat,...

  • WASHINGTON, May 12- A draft Republican bill in the U.S. Senate takes aim at bank rules and insurance regulations, also limiting restrictions on mortgage requirements and proposes restructuring the Federal Reserve and other financial regulators. The 216- page, eight section report released on Tuesday was crafted by the staff of Senator Richard Shelby of...

  • Strong U.S. dollar pressures jobs at exporters Friday, 8 May 2015 | 10:28 AM ET

    The appreciation in the currency weighed on first quarter profits across corporate America, including at soft drink giant PepsiCo Inc and toothpaste producer Colgate-Palmolive. Steel, the rise in the value of the dollar reduced profits from its sales to Europe, while also making steel from South Korea more competitive abroad, helping to force layoffs of...

  • AUSTIN, Texas, May 7- Texas- based Blue Bell Creameries had a Listeria problem at its Oklahoma plant as early as 2013 and did not do enough to make sure its factory was sanitized, according to documents from the U.S. Food and Drug Administration. Health officials had said three people made ill by Listeria between January 2014 and January 2015 had died in a Kansas...

  • AUSTIN, Texas, May 7- Texas- based Blue Bell Creameries likely knew as early as 2013 of a Listeria problem at its Oklahoma plant and did not do enough to make sure its factory was sanitized, according to documents from the U.S. Food and Drug Administration. The FDA also found problems at Blue Bell plants in Sylacauga, Alabama, and Brenham, Texas. The FDA posted the...

  • WASHINGTON, May 6- The chairman of the Senate Banking Committee is pushing ahead with a bill to ease rules across sections of the financial industry after the first round of efforts to work with his Democratic counterpart failed. The bill could also seek to ease regulations on regional banks such as Comerica Inc and insurers such as Allstate Corp and curb the...

  • WASHINGTON, May 3- Republican House of Representatives Speaker John Boehner challenged Hillary Clinton on Sunday to help the White House get trade legislation through the U.S. Congress by speaking out in favor of it. Trade is a rare issue on which the White House enjoys support from Republicans, but many Democrats are opposed. The White House says free-trade...

  • April 30- U.S. stocks sold off on Thursday, led by a drop in the Nasdaq, as Apple shares declined and results in tech and biotech names disappointed. The Nasdaq biotech index dropped 3.1 percent, led by a 4.5 percent fall in Celgene, which reported lower-than-expected quarterly revenue. Apple was down 2.7 percent at $125.15 and was the biggest drag on the Dow, S&P 500...

  • And that kind of colored the statement more hawkish for the Fed, "said Bucky Hellwig, senior vice president at BB&T Wealth Management in Birmingham, Alabama. The Nasdaq biotech index dropped 3.2 percent, led by a 3.9 percent fall in Celgene, which reported lower-than-expected quarterly revenue. The company limited the availability of the Apple Watch after a key...

  • April 29- Cliffs Natural Resources Inc, which is struggling to cope with oversupply in the iron ore market, blamed industry leaders BHP Billiton Ltd, Rio Tinto Plc and Vale SA for weak prices of the commodity. But Wolfe Research analyst Gordon Johnson said "the idea that someone is going to buy coal assets from Cliffs is highly unlikely," noting that the company has...

  • District Judge Katherine Forrest in Manhattan said the claims raised against Nasdaq, Intercontinental Exchange Inc's New York Stock Exchange, BATS Exchange and other exchanges must be reviewed first by the U.S. Securities and Exchange Commission, not the courts. Forrest, however, said Congress created a "comprehensive federal regulatory scheme" empowering...

  • Officials with the U.S. Department of Agriculture's Animal and Plant Health Inspection Service told Reuters the H5N2 virus- along with two other highly pathogenic strains of bird flu- will likely be passed among birds at breeding grounds in the northern United States and Canada through the summer. The USDA statement marks a shift in tone in the agency's...

  • CHICAGO, April 27- Initial tests have found probable avian influenza outbreaks at five new commercial poultry sites in Iowa, affecting more than 6 million birds, the state's agriculture department and the U.S. Department of Agriculture said on Monday. "This is a big deal," Iowa Secretary of Agriculture Bill Northey said during a conference call on Monday.

  • *Netflix and Philip Morris rally after results. April 16- U.S. stocks were mixed on Thursday afternoon as soaring Wall Street debuts by online retailer Etsy and trading firm Virtu offset lingering worries about upcoming corporate earnings reports. "Between Etsy, Virtu and Netflix, that's helping prop the market up, keeping people excited," said Mike Binger, a...