Alabama Business News

The company will use the offering to raise $21 million in net profit, pricing the stock at $3.30 a share. Proceeds will be used to fund internal research and development programs, capital expenditures, and clinical trials and preclinical studies of...

The Securities and Exchange Commission says investment bank JP Morgan Chase & Co. will pay a $50 million penalty to Jefferson County and forfeit $647 million in swap termination fees  in a settlement related to county bond deals .

Responding to consumer frustration over rising credit card rates, the House on Wednesday approved legislation to accelerate the implementation of new laws to crack down on abusive practices by credit card companies to December 1. The House voted 331-92 to...

Ala. — Inpatient rehabilitation services provider HealthSouth Corp. posted a greater third-quarter profit on Tuesday, and raised its expectations for the remainder of the year. HealthSouth said its profit rose to $10.3 million, or 12 cents per share, from $100,000,...

Supreme Court's decision to hear the appeal of former Enron CEO Jeff Skilling. Ala. — Attorneys for former Alabama Gov. Don Siegelman and ex-HealthSouth CEO Richard Scrushy said Wednesday they see a positive sign in the U.S. Supreme Court's decision...

But in endorsing a role for the regulatory council in monitoring wider threats, he lent support to an idea advocated by many lawmakers, who have expressed deep reluctance about the Obama administration's proposal in June to give that job to...

The credit rating agencies — particularly Moody’s, Standard & Poors and Fitch — came under fire from lawmakers for operating a system with inherent conflicts of interest. Issuers of financial products pay the ratings firms for reviews of their products,...

organ Securities and JPMorgan Chase and Co on Friday, alleging fraud related to the accumulation of its massive sewer bond debt, a senior county official said. The county sued for compensatory and punitive damages over what it says were fraudulent...

A typical residential customer of Alabama Gas Corp. will save about $60 for a year's worth of natural gas, under a cost adjustment that took effect Sunday, company officials said...Before the cost reduction, an Alagasco residential customer would have paid...