Top Headlines: Peabody Energy buys Alabama coal mine, UA law school receives big donation

Peabody Energy buys Alabama coal mine for $400M
Peabody Energy (NYSE:BTU) agrees to acquire the Shoal Creek metallurgical coal mine from private coal producer Drummond Co. for $400M. BTU says Shoal Creek, which stretches across Jefferson, Tuscaloosa and Walker counties, represents the next phase of its initiative to upgrade its met coal platform, an adds about 2 million tons per year of high quality, hard coking coal sales that are expected to expand the company’s met coal volumes and margins. — Seeking Alpha

Sarasota developer Hugh Culverhouse Jr. donates millions to University of Alabama law school
The University of Alabama School of Law announced Thursday it had received $26.5 million in committed donations from Sarasota County developer and attorney Hugh F. Culverhouse Jr., a grant that has prompted the school to name itself in his honor, as the Hugh F. Culverhouse Jr. School of Law at The University of Alabama. Culverhouse has committed $25 million, the largest in the university’s 187-year history, according to a news release. The gift will be funded over four years, including more than $11.5 million that has already been donated. — Sarasota Herald-Tribune

Alabama employment tops 2.1 million
State officials say that more than 2.1 million Alabamians are employed as of August, compared to 2.08 million a year ago. Professional and business services, manufacturing and construction are showing the biggest gains, according to Alabama Department of Labor Secretary Fitzgerald Washington. Shelby County has the lowest unemployment rate at 3.1 percent and Wilcox the highest at 10.0 percent— Alabama Department of Labor

D.J. Powers acquires N.D. Cunningham & Company
D.J. Powers Company Inc., one of Georgia’s oldest and fastest growing logistics companies, has acquired Alabama logistics N.D. Cunningham & Company Inc, which is based in Mobile. This acquisition represents a continuation of D.J. Powers’ strategic growth in important ports and trade lanes to enhance its global service capabilities. — American Journal of Transportation

Ethics reform commission could vote on recommended changes
A committee looking at revisions to Alabama’s state ethics laws could vote next week on recommending changes to language dealing with principals, or those who hire lobbyists. The definition of a principal was a key point in the trial of former Alabama House Speaker Mike Hubbard, convicted in 2016 on 12 felony ethics charges. — Montgomery Advertiser

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Hospital Association campaigns for Medicaid expansion in Alabama
The Alabama Hospital Association has launched a campaign backing Medicaid expansion in the state. Kicking off the campaign Thursday, the hospital organization said that expansion would provide health care coverage for 300,000 uninsured Alabamians, create 30,000 jobs and $28 billion in new economic activity. — Associated Press

Auto supplier Mitchell Plastics expanding in Alabama
Automotive interior parts supplier Mitchell Plastics Ltd. is expanding its Huntsville facility with an estimated 130,000-square-foot addition. — Plastics News

Wallace State Community College gets $2M for new center; 68 jobs
Wallace State Community College in Cullman will create a new technical education center, housing a welding program and business incubator, funded by a $2 million federal economic development grant. — Cullman Times

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