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Nippon seeks Biden approval for U.S. Steel acquisition; Huntsville airport sets record
Nippon seeks Biden approval for sale Nippon Steel sent a document to the White House this week, seeking President Joe Biden’s approval of its proposed purchase of U.S. Steel. Biden...
A last glance at the business of 2024
...Alabama business news from 2024: Japan’s Nippon Steel announced it wanted to purchase U.S. Steel, the Pittsburgh-based steel producer with a long history in Birmingham, for $14.1 billion, but the deal...
Port awards contract for new coal terminal equipment
...The port notes that 97% of coal passing handled at McDuffie Terminal “is metallurgical coal mined in Alabama for use in steel-making operations worldwide. Much of this steel returns through...
O’Neal Steel names new president, CEO
Jodi Parnell has been named president and CEO of O’Neal Steel. Jodi Parnell, a 25-year veteran of O’Neal Steel, has been named president and CEO of the Birmingham-based company. Parnell...
Boeing will lay off Huntsville employees; FabArc transitions to employee-owned; Last tenant at Birmingham’s...
...begin on Jan. 17, according to a notice filed with the Alabama Department of Commerce. – AL.com FabArc transitions to employee-owned Oxford-based FabArc Steel Supply, which calls itself Alabama’s largest steel subcontractor,...
Trump says he opposes U.S. Steel sale; United Community Banks to merge with American...
Trump says he opposes U.S. Steel sale Donald Trump says he opposes the sale of U.S. Steel to Nippon Steel Corp., saying he’ll use tariffs and tax incentives to help...
Foreign direct investment has massive impact on Alabama’s economy
...building, steel processing and chemical plants make up the bulk of FDI, says Bradley Byrne, president and CEO of the Mobile Chamber. “Since 2020, over the last five years, we’ve...
Retrospect: The rise and fall of the Preston Motors Corp. Premocar
...By the time the plant opened, the company had shifted gears to an automobile with more luxurious furnishings and a new name: The Premocar. It sat on a steel frame...
Austal USA breaks ground on submarine modules facility
...July, Austal started construction on a new assembly building to enable the erection of large steel modules for Navy and Coast Guard ships. That building will provide more than 192,000...
New owners for Mobile railcar repair facility; Mobile International Airport celebrates construction milestone; Auburn...
...new terminal at Mobile International Airport, which will serve the region’s commercial passenger traffic when complete, celebrated placement of the last steel beam with a beam-signing ceremony Wednesday. Officials expect...