Business Alabama Staff
Billy Reid acquires a direct-to-consumer arm of Knot Standard
Florence-based fashion house Billy Reid is expanding with the purchase of Knot Standard’s retail business.
UAB medical research funding topped $600 million in 2023; Thompson Engineering opens in Spanish...
The University of Alabama at Birmingham’s Marnix E. Heersink School of Medicine received more than $611 million in research funding in 2023.
Lockheed Martin awarded $4 billion MDA contract
Lockheed Martin will enhance command management and communications system for the Missile Defense Agency.
Two Rivers Lumber plans $115 million expansion
Demopolis-based Two Rivers Lumber is starting construction of a second sawmill in Coosa County, a $115 million investment in the state.
Innovate Alabama awards $4 million to small businesses
In its largest funding round yet, Innovate Alabama has awarded nearly $4Â million to 22 small businesses in Alabama.
Daniel Corp. breaks ground on luxury complex in North Carolina; Birmingham to host women’s...
Birmingham-based Daniel Corp. has begun construction on a luxury apartment complex in Charlotte, North Carolina.
Protective Life acquires New York-based insurance company
Protective Life is acquiring ShelterPoint Group Inc., which provides statutory disability, paid family and medical leave and medical gap insurance.
Precision Homecrafters acquires Birmingham-based furniture maker
Precision Homecrafters is acquiring Lovewood Studio. The acquisition will expand Precision’s in-house design/build offerings.
Tuskegee University receives $20 million gift
Tuskegee University has received its second $20 million gift in less than four years.
Birmingham-Southern to lay off more than 200 without severance; Medical Properties Trust completes $350...
The former Golden Flake property in Birmingham-Southern College, which will close May 31, will lay off 213 employees.