Former Birmingham CEO indicted for alleged fraud
Thomas Aaron Kane, former CEO of a Birmingham-based IT company, was indicted in federal court on charges of wire fraud, money laundering and bankruptcy fraud. He was indicted on 19 counts in federal court in Birmingham.  – AL.com
Contractor selected for A&M buildings
Freedom Real Estate and Capital has been selected as contractor for two new major projects at Alabama A&M University in Huntsville. The school’s new science building and student activities center have a combined value of $140 million. – Bham Now
Party City closings include 11 Alabama stores
Reports say Party City is closing all of its stores nationwide, including 11 in Alabama. The company declared bankruptcy in 2023. – BamaBuzz
University of Alabama buys residential and other building
The University of Alabama System board of trustees approved purchasing and leasing a residential building and other buildings along University Boulevard for $10 million in a special meeting late last week. – AL.com
iXpressGenes names John Schmitt CEO
iXpressGenes, an associate company at HudsonAlpha Institute for Biotechnology, has named co-founder John Schmitt CEO. – 256 Today
