Alabama News
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Updated 18 minutes ago
JPMorgan Chase & Co. and regulators may face increasing pressure to explain the lender’s $2 billion trading loss as the misstep becomes fodder for lawmakers still haggling over a regulatory overhaul enacted two years ago.
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Bankers from around the world told the Internal Revenue Service that proposed U.S. rules requiring reporting of Americans’ overseas bank accounts are too burdensome and must be changed.
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Updated 2 hours, 3 minutes ago
Raymond Harbert, chief executive officer of Birmingham, Alabama-based Harbert Corporation, had a radical proposal for his father. It was 1992, and the company that had made his dad, John M. Harbert III, a billionaire was eking out small profits and was $300 million in debt. Raymond proposed selling the core construction business, which dated back to the company’s 1946 founding. The elder Harbert threw his son out of his office, an associate recalls.
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California Governor Jerry Brown took office last year on a promise to deploy political skills honed over three decades to break the most populous U.S. state out of its annual fiscal crisis.
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Titanic tourism has come to Belfast, luring thousands of U.S. tourists with souvenirs from the tasteful to the tacky at a $156 million six-story center.
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ThyssenKrupp AG, Germany’s largest steelmaker, may seek a partner or sell its U.S. and Brazilian plants as expenses rise and North American demand slows.
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Stephen Reed, Harrisburg’s mayor for 28 years, pushed Pennsylvania’s capital into insolvency as the more than $500 million in bond deals he oversaw to finance community development drained city coffers.
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Books-A-Million Inc.’s directors were sued by an investor claiming the board wrongfully approved a $48.8 million buyout of the bookstore chain by its controlling shareholders.
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Actor Matt Dillon, the emcee of last night’s Refugees International 33rd Anniversary Dinner, credits the late diplomat Richard Holbrooke for getting him involved with the plight of refugees 15 years ago.
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The woman responsible for many of the nation’s most permissive gun laws is a 4-foot-11, 73-year-old grandmother who carries a Smith & Wesson .38 Special with a laser sight in her purse.
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