Birmingham Business News - Local Birmingham News | Birmingham Business Journal
NBA G League franchise coming to Birmingham
Tue, 23 Oct 2018 19:59:26 +0000
Another professional sports team is coming to Birmingham. The Birmingham Business Journal has learned the NBA's New Orleans Pelicans are acquiring a franchise in the NBA's G League developmental league and will place the team in Birmingham. Sources said the team will play in the Birmingham-Jefferson Convention Complex's Legacy Arena, following the completion of the $125 million renovation. The team will play in Erie, Pennsylvania, until the renovation is completed, sources told the BBJ. A formal…
UA hires heavy hitter for vice president of research role
Tue, 23 Oct 2018 19:54:06 +0000
Russell Mumper has been named the University of Alabama’s vice president for research and economic development. Mumper currently is vice provost for academic affairs at the University of Georgia. Prior to that, he led four research centers or institutes, co-founded five startup companies and received nearly $30 million in research grants. Starting Jan. 1, Mumper will be tasked with leading and advancing UA’s research and economic development efforts, fulfilling one of the primary goals of…
Regions posts $354 million profit in third quarter
Tue, 23 Oct 2018 19:44:08 +0000
Regions Financial Corp. has posted a profit of $354 million for the third quarter of 2018. That’s a 20 percent increase compared to the same quarter last year when the bank posted a profit of $296 million but a decrease from the second quarter this year when the bank reported a profit of $362 million. “With respect to our financial performance, Regions continues to execute on its strategic plan,” said President and CEO John Turner. “We produced solid revenues this quarter as we grew loans…
Birmingham startup lands basketball powerhouse as client
Tue, 23 Oct 2018 19:42:55 +0000
INFLCR continues to add to its list of clients
List: Alabama’s top NIH grant recipients
Tue, 23 Oct 2018 19:32:24 +0000
Federal dollars are crucial to some of Alabama’s most promising medical research projects, and some local organizations have earned millions from the National Institutes of Health. The BBJ’s new List breaks down the state’s top recipients of NIH grants from the past year.
Owner of popular Homewood coffee shop to open new store on 280
Tue, 23 Oct 2018 19:31:57 +0000
A new café is setting up shop along a busy Birmingham corridor. Brantley Visser and Sam Plaia plan to open Bullet Coffee at 5299 U.S. 280 in November, reports 280 Living. Visser also owns Red Mountain Expresso in Homewood. He plans to bring the same concept of beverages and food, speed, and face-to-face interaction to Bullet Coffee. The new café is partnering with Meal-Fit to provide bistro boxes for purchase to go. It is one of several recent restaurant projects to be unveiled in local suburbs,…
Bham developer launches two new projects in Ohio
Tue, 23 Oct 2018 19:28:33 +0000
A Birmingham-based real estate developer is growing its footprint in Ohio with a couple of large projects. Arlington, a longtime multifamily and mixed-use developer, said it closed recently on two separate deals in Ohio. One is for a project called Tapestry on the River in metro Cincinnati. The other is for Tapestry Park Polaris in Columbus. Both will be luxury multifamily communities. “Arlington has been focused on the Cincinnati and Columbus markets for some time now,” said William C. Morris,…
Former Balch & Bingham partner sentenced to prison in bribery case
Tue, 23 Oct 2018 19:27:02 +0000
A former partner at Balch & Bingham LLP has been sentenced to five years in federal prison for his involvement in a bribery case. According to WBRC FOX6 News, Joel Gilbert was sentenced by U.S. District Judge Abdul Kallon Tuesday morning and was ordered to pay a fine of $25,000. The report said following his release from prison, Gilbert will serve a supervised release period of two years and complete 100 community service hours each of those years. Gilbert was convicted this summer of six criminal…
Founder of Birmingham nonprofit placed on administrative leave from UA post
Tue, 23 Oct 2018 16:32:39 +0000
Stephen Black, the founder Birmingham-based nonprofit Impact America, resigned from his post earlier this year and has been placed on administrative leave from his role at the University of Alabama after reports surfaced that he sent inappropriate text messages to a female AmeriCorps member. A report from CBS News said a female staffer turned down a proposed relationship with Black and cited inappropriate comments and unwanted attention from Black as the reason for her May 2018 resignation.  In…
Eight new members join board of trustees at Birmingham-Southern College
Tue, 23 Oct 2018 14:54:48 +0000
Eight new community leaders are paving the way at Birmingham-Southern College. BSC appointed eight new trustees to its board, and they began their terms July 1. Six of them are graduates of the private Birmingham college. They include: • Daniel Coleman, a private investor, is the former chief executive officer of KCG Holdings and GETCO. He has currently a director of Circulogene and BuildUp and is an advisory board member for Securities Industry and Financial Markets Association. This is his…