Austal USA will pay $24 million to settle fraud charges
Austal USA has agreed to pay a $24 million fine in an accounting fraud case, according to the Mobile-based company’s Australian parent company. The deal was struck with the U.S. Securities and Exchange Commission and the Department of Justice. The deal stems from the indictment of three former Austal USA executives last year. – U.S Naval Institute News
Limited edition Bud Light celebrates Crimson Tide
The University of Alabama is one of three SEC teams that are among the 26 football teams included in Bud Light’s new limited-edition team cans. The other two SEC teams are LSU and Texas A&M. – Bama Buzz
Besco Steel Supply acquired by Pennsylvania Steel
Pennsylvania Steel Co. has acquired Besco Steel Supply, which is based in Birmingham. Besco also has a location in Winder, Georgia. – AL.com
New coworking space coming to Homewood
Homebase, a coworking space in Homewood, will open on Sept. 1. Homebase features rentable private offices with printing, internet, on-street parking and meeting rooms. Monthly memberships start at $625. – Bham Now
