Birmingham Business Journal
Preview
Space Vector nets $4.9 million contract
Space Vector Corp., a subsidiary of Alabama Aircraft Industries Inc., has been awarded a $4.9 million two-year contract to develop and produce tracking units for space rockets.
BB&T Corp. earnings down 20 percent
North Carolina’s BB&T Corp. reported a 20 percent decline in earnings in the third quarter of 2008. (BBT)
Regions recruits commercial real estate VP from BOA
Regions Financial Corp. has hired former Bank of America executive Rex Bradley as its new executive vice president of Commercial Real Estate.
Southwest posts 3Q loss on fuel hedges
The fuel hedges that have made Southwest Airlines the most financially successful carrier in the past year drove the company to a loss in the third quarter, the company said Thursday. (LUV)
Retail Group: Holiday shopping to increase at lowest pace since 2002
A national retail organization is reporting that holiday spending will be up this year, but at the lowest increase since 2002.