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September 6, 2024

Alabama Business Today

News

Alabama hospital that defaulted on $60 million bond names restructuring officer

UMB Bank believes there is about $60 million of bond debt — secured by revenue and mortgage pledges — affected by the hospital's default.

By William Thornton | wthornton@al.com

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News

Macy’s closings 2024: Even more stores will close than originally planned

Macy's is stepping up its number of projected closures for this year.

By Shauna Stuart | sstuart@al.com

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News

Goldman Sachs commits $3 million to boost Alabama’s small, rural businesses

An announcement is planned today at Birmingham’s Innovation Depot, with Sen. Katie Britt and Rep. Terri Sewell attending.

By William Thornton | wthornton@al.com

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Business

Rite Aid has come out of bankruptcy after closing 131 stores this year

The drug store chain is now a privately held company.

By Shauna Stuart | sstuart@al.com

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News

August jobs report: US unemployment rate dipping, but work is harder to find

Friday’s report makes it likely that the central bank will announce a quarter-point rate cut when it next meets Sept. 17-18.

By The Associated Press

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Birmingham Real Time News

Birmingham creative figure tapped to lead Alabama Film Office

Meghann Bridgeman will begin her new duties in January.

By William Thornton | wthornton@al.com

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