Editor’s note: Headline updated on Sept. 8 to clarify Acceptance Loan Company story.
Tyson Foods and Perdue Farms, two of the country’s biggest poultry companies, have agreed to pay nearly $35 million to settle a lawsuit filed against them by Alabama farmers. The farmers, who filed the suit in Oklahoma, said the two conspired with other companies to dominate the industry and fix prices raised to chicken-raising farmers. – Associated Press
The sister lending company of First US Bank, based in Mobile, will close its doors to new business. Acceptance Loan Company will immediately quit accepting new business. Its 20 branches in Alabama and Mississippi are closed to the public, but the company will continue to service existing customers from Mobile. – Globe Newswire
On Labor Day, Gov. Kay Ivey said she was committed to Alabama small business owners and the state workforce. “Labor Day is at its core a celebration of the American worker,” she said. “I am committed to creating the best environment for small business owners and our hardworking Alabamians.” – Alabama Political Reporter
CarLotz, the nation’s largest consignment-to-retail used vehicle marketplace, will open its first Alabama facility in Mobile later this year. The hub, as CarLotz calls its locations, will be on Government Boulevard. – Cision