Friday - May 24, 2019

Business News

Green Bar gets new ownership, to close for renovations - Tue, 21 May 2019
After 14 years, Green Bar will be going under new ownership.On Saturday, management at Green Bar, a bar located near Temerson Square in downtown Tuscaloosa, announced on the establishment’s Facebook page that its longtime owner, Bill Lloyd, had sold the bar and that it would be closed until mid-June to undergo renovations. The bar had previously been the location of Little Willie’s, a jazz and blues club [...]

Retailer Topshop closing all U.S. stores - Fri, 24 May 2019
British clothing retailer Topshop will close all its U.S. locations, the company announced this week.The 11 American stores are part of a larger group of 23 stores that will be shuttered worldwide, according to Nylon.Topshop has struggled recently and filed for bankruptcy in the U.S. not too long ago. [...]

If 'Budget' Sounds Like a Bummer, Try Renaming It - Fri, 24 May 2019
Webster's New World dictionary defines budget as: 'a plan or schedule adjusting expenses during a certain period to the estimated or fixed income for that period.' If that doesn't sound

15 of the Best Memorial Day Sales of 2019 - Fri, 24 May 2019
On Memorial Day, we honor those who gave their lives for our country. In observance of the holiday, retailers are thanking military veterans for their service with discounts " and

Let's Get Real About Health Costs in Retirement - Thu, 23 May 2019
You won't pay for health care in retirement with one lump sum. That's the way these expenses are often presented, though, and the amounts are terrifying. Fidelity Investments, for example,

Why Your Financial Aid May Plummet After Freshman Year - Tue, 21 May 2019
Grants and scholarships are the best ways to pay for college because you don't have to repay them. But if you chose a college because it offered you the most

Dressbarn winding down operations, closing 650 stores - Tue, 21 May 2019
After more than half a century in business, Dressbarn has announced it is winding down operations and will close all 650 stores.The womenswear retailer is owned by Ascena Retail Group. Ascena also owns a number of other chains that will remain open, including Lane Bryant, Justice, Maurices, Ann Taylor, Loft, Cacique and Catherines."This decision was difficult, but necessary, as the Dressbarn chain has not been operating at an acceptable level of profitability in today’s [...]

MICHELLE SINGLETARY: Don't keep debt around like it's a Pet Rock - Tue, 21 May 2019
WASHINGTON — For those too young to remember, there was once an entrepreneur who actually got more than a million consumers to pay $3.95 for a "pedigreed" Pet Rock.Gary Ross Dahl, who created the Pet Rock in 1975, even had an instruction pamphlet for the care and training of the stone, which came in a cardboard box with air holes."Your PET ROCK will be a devoted friend and companion for many years to come," the instructions said. "Rocks enjoy a rather long life span, [...]

Monster Takeover: Tuscaloosa Riverwalk features 19 new bronze statuettes - Tue, 21 May 2019
The creepies continue crawling: Last week 19 new bronze mini-statuettes cropped up along Tuscaloosa's Riverwalk, representing year two of the city-sponsored Monster Takeover.A faded-denim slug-like creature topped with a drillhead reclines along a cement drain. Under a nearby picnic table hunkers a three-eyed smiler wearing either a heavy fur or a coat made of layered worms. One adult-sized sharkish tadpole wheels its offspring across an adjacent railing; at [...]

Want to Clean Up? 3 Money-Saving Tips for Buying a Washer - Mon, 20 May 2019
Following last year's news that the trade war with China  had raised prices of washing machines, consumers were understandably leery of making any sudden purchases. The escalation of tariffs has carried

Credit Scores Are Rising " Is Yours, Too? - Mon, 20 May 2019
Credit scores are creeping upward for most Americans, according to the latest 'State of Credit' report from credit bureau Experian. The average U.S. credit score hit 680 in 2018, up

BUSINESS BUZZ: May 19, 2019 - Sun, 19 May 2019
• Adam Owens aka "The Bug Man" has been promoted to General Manager at Bama Exterminating Company. Adam has served as Operations Manager for Bama Exterminating for 11 years. Adam joined Bama in 2008. He is an Associate Certified Entomologist with an Associate’s degree in Business Administration, Management and Operations. Adams love for insects, animals, and their environment gives inspiration to everyone around him.• [...]

MICHELLE SINGLETARY: Stop costing people money — show some RSVP R-E-S-P-E-C-T - Sun, 19 May 2019
 WASHINGTON — Event planners often warn clients about the no-shows.Depending on the event, 10% to 20% of the people who RSVP with a "yes" may not show up to your celebration.I remember that when I was planning my wedding, my grandmother insisted that I invite a neighbor because she didn't want bad blood on the block. I was already on a tight budget, but I relented and extended an invitation to the older neighbor, who I didn't know well. The woman and her [...]

Maryland official urges divesting from Alabama over abortion - Sat, 18 May 2019
ANNAPOLIS, Md. — Maryland's comptroller says he's urging the state's pension system to divest itself from Alabama-based companies due to the state's strictest-in-the-nation abortion ban.In a Facebook post Thursday, Comptroller Peter Franchot said the law was "a malicious assault on the rights and protections of women everywhere."Franchot, a Democrat elected in a statewide vote, is the vice chairman of Maryland's State Retirement and Pension System. He says he's asking [...]

Peach Pit Bar & Grill coming to Midtown Village - Fri, 17 May 2019
The Peach Pit Bar & Grill is the newest restaurant to open in Midtown Village.The restaurant is expected to open in the former Brass Tap location, across from Iguana Grill, in June.A press release describes the Peach Pit as featuring a true scratch kitchen, with sauces and rubs made in-house. The menu will include burgers, hot dogs, salads, sandwiches, pizza and more to pair with more than 40 hand- [...]

Alabama's unemployment rate up slightly in April - Fri, 17 May 2019
MONTGOMERY — Alabama's unemployment rate is up slightly despite what officials are calling record employment in the state.The preliminary, seasonally adjusted jobless rate for April is 3.8%. That's up one-tenth of a percent from March, but it's still below the rate from a year before of 4.1%.The April rate represents 83,565 unemployed people in the state. But a news release from the Labor Department says the state still has more people working than ever before for [...]

What You Need to Know About Slack's IPO - Fri, 17 May 2019
Slack Technologies Inc., the company behind the eponymous workplace chat and collaboration platform, has filed to go public on the New York Stock Exchange under the ticker symbol SK. But

Whataburger explores possible sale of popular burger chain - Fri, 17 May 2019
Orange-and-white beacon and Texas-based chain Whataburger has hired financial services company Morgan Stanley to explore expansion and a possible sale, the San Antonio Business Journal reports.The possibility of a sale was [...]

These 3 Tricks Can Help You Shop Less - Fri, 17 May 2019
Shopping can be a form of relaxation, an entertaining way to spend time or even a hobby. But it can turn into an expensive habit. Whether you sometimes give in

Don't Give Up on Public Service Loan Forgiveness - Thu, 16 May 2019
New data from the U.S. Department of Education show that 518 borrowers' federal student loans have been canceled via Public Service Loan Forgiveness  as of March 2019. The average amount forgiven