Auto industry drives state forward
Brad Harper, Montgomery Advertiser
5:04 a.m. CST November 1, 2015
Montgomery has built more than 3 million cars in the past decade. It has also built a new economy, one that’s fueled by the suddenly resurgent auto industry.
Alabama’s Capital City has long relied on state and military jobs, but everything started changing in 2002 when Hyundai announced it would open its first America production plant here. The $1.7 billion Hyundai Motor Manufacturing Alabama assembly plant makes the company’s two most popular vehicles in North America.
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Record setting quarter for aerospace and defence M&A – report
By Idrees Ali
REUTERS
November 3, 2015 12:04 AM
WASHINGTON (Reuters) – The third quarter of 2015 saw a record $52 billion (33.7 billion pounds) in merger and acquisition announced deals in the defence and aerospace industry, more than the whole of 2014, according to a report released by the U.S. arm of audit firm PriceWaterhouseCoopers.
“This year is already a record year, and we believe that 2016 will continue to be very active, and likely above the rolling ten-year average, which will be approximately $25 billion after 2015,” said Scott Thompson, who heads PwC’s U.S. aerospace and defense practice.
The report said that the total number of deals for 2015 was worth $64 billion, more than a 190 percent increase from the $22 billion for the whole of 2014.
For the rest of the story visit Yahoo Finance.
Alabama ranked among top states for business climate
Ryan Phillips, Digital Producer Birmingham Business Journal
Nov 2, 2015, 10:01pm CST
Alabama has proven attractive to businesses for its low cost of living – but that isn’t all that has executives taking notice.
Site Selection magazine recently unveiled its rankings of the best states for business climate and Alabama ranked 14th overall, primarily due to the appeal of the state to those in c-suites.
Alabama ranked ninth overall in the executive survey category, which compiled executive’s opinions of the state based on their business experiences. The survey was the highest categorical ranking the state received.
For the rest of the story visit Birmingham Business Journal.