Tag Archives: Mobile Alabama

Montgomery and Mobile Lead Alabama Metro Areas in Business Confidence Index

Montgomery continues to be the most optimistic of the four metro areas tracked by the survey with an index of 51.3 prediction for the fourth quarter of this year. Confidence among Mobile businesses rose 2.1 points to 51.0, following the Airbus announcement and improving job growth. Continue reading

Posted in Alabama's Economy, Gulf Coast Regional & National Economy, Mobile, Fairhope & Gulf Shores, Alabama | Tagged , , , , , | Leave a comment

Boeing Continues to Whine About Airbus

Airbus announced today it will locate an aircraft assembly plant in Mobile, Alabama. Boeing promptly issued a whining objection.

So, what else is new?

Boeing’s latest whine alleges Airbus has recieved too much in the way of incentives from the French government. Nevermind that Boeing has received billions in favorable treatment from the U.S.

Perhaps a review of the former criminal enterprise currently known as Boeing and its relationship to Mobile, Alabama is in order. Continue reading

Posted in Alabama's Economy, Gulf Coast Regional & National Economy, Mobile, Fairhope & Gulf Shores, Alabama | Tagged , , , | 6 Comments

Foreclosures dragging down the market in Mobile, Alabama and statewide

A recent report sheds light on the problem of foreclosures in Mobile and statewide in Alabama. While not hit as hard as such states as Florida, California, and Michigan, Alabama and its metro areas have been no exception to these problems. Data confirms that the year-to-date peak median sales price for 2011 is down about 4 percent from 2010, and about 11 percent from 2008. Continue reading

Posted in Gulf Coast Real Estate, Gulf Coast Regional & National Economy, Mobile, Fairhope & Gulf Shores, Alabama | Tagged , , , , | Leave a comment

Banking Version of Musical Chairs Continues: PNC Bank Buys RBC Bank

Yet another wave of bank ownership changes has hit the Southeast. Pittsburg-based PNC Financial Corporation has entered into an agreement to purchase RBC Bank. PNC is the sixth-largest U.S. bank by deposits. PNC traces its history back to the Pittsburgh Trust and Savings Company which was founded in 1852. Continue reading

Posted in Alabama's Economy, Gulf Coast Regional & National Economy, Mobile, Fairhope & Gulf Shores, Alabama | Tagged , , , , , , , , , , , , | Leave a comment

Mobile, Alabama Named Hottest Real Estate Market in America

A New York financial news and opinion organization has picked Mobile, Alabama as the market in which housing values will rise the most this year. Continue reading

Posted in Alabama's Economy, Gulf Coast Real Estate, Gulf Coast Regional & National Economy, Mobile, Fairhope & Gulf Shores, Alabama | Tagged , , , , , , , , | 1 Comment

The Business Juggernaut of Tourism in the Mobile Bay, Alabama Area

According to Calametti and Peyton, the Mobile Bay area hosts 2.5 million visitors a year, not counting those in Gulf Shore and Orange Beach. Those 2.5 million visitors spend an astounding $829 million per year here. “That’s over $2 million per day in business,” Calametti emphasized.

“But there’s more,” Calametti continued. “The two and a half million folks generate some $9 million in lodging taxes and – here’s the most important part – tourism supports almost 16,000 jobs.

“If tourism was a single company, it would the largest employer in our area by far. In fact,” Calametti pointed out, “you’d have to combine the top three to match that number. Continue reading

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EarthLink Buys Deltacom / Chinese Buy Continental Motors / Airlines Serving Mobile, Alabama Among the Worst

The giant Internet Service Provider (ISP), EarthLink, has bought Huntsville, Alabama-based Deltacom.  Deltacom is a Southeastern regional telephone company with numerous customers in Mobile and Baldwin Counties. In the transaction, EarthLink paid $199 million in cash and assumed Deltacom debt … Continue reading

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