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Alabama hotels struggle to find workers as tourism rebounds from COVID pandemic


Alabama hotels struggle to find workers as tourism rebounds from COVID pandemic
AL.com
5/12/2021
John Sharp, al.com
© Lee Roop | lroop/al.com
Huntsville s Embassy Suites, pictured at the start of the coronavirus pandemic on March 12, 2020. The hotel, like others in Alabama, is experiencing a rebound in visitors. With that comes the pressure to add more employees.
Jim Pappas is pulling extra duty as general manager at the Hampton Inn in Daphne by helping clean up the hotel rooms and make sure a hot breakfast is served to visitors.
He’s also monitoring the phones, waiting for job applicants to call him back. Staffed typically with 35 workers, the hotel off Interstate 10 next to the city’s popular Gator Boardwalk, needs about seven more full-time workers to help manage a forthcoming busy summer season. ....

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J.C. Flowers Completes its Acquisition of iLendingDIRECT


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NEW YORK, May 3, 2021 /PRNewswire/  J.C. Flowers & Co. LLC ( J.C. Flowers ), a leading private investment firm dedicated to investing globally in the financial services industry, announced today that it has closed on its acquisition of iLendingDIRECT ( iLending or the Company ), a leading auto refinance marketing company. Terms of the transaction were not disclosed.
In conjunction with the closing, financial industry veterans Steve Abernethy and Eric Dunn will join the Company s Board of Directors. Also joining the iLending Board are John Oros and Tom Harding of J.C. Flowers, and Nancy Fitzgerald, former CEO of iLending. ....

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New State Capital Closes Third Fund at $450M


New State Capital Closes Third Fund at $450M
New State Capital Partners, a private equity fund, has closed its third institutional investment fund, 
New State Capital Partners Fund III LP with $450 million in committed capital. The fund was over-subscribed and closed on schedule at its hard cap in about four months after the official launch.
Fund III’s investors are comprised of a global group of public and private pension funds, consultants, endowments, foundations, funds of funds, and family offices. New State completed the fundraise of its second institutional fund in March 2018 with $255 million of capital commitments and currently has $1.2 billion in assets under management. ....

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Alabama Gov. Kay Ivey weighs possible economic ramifications over restricting transgender rights


Alabama Gov. Kay Ivey weighs possible economic ramifications over restricting transgender rights
Updated 7:57 AM;
Today 7:00 AM
Parents and advocates march outside the Alabama State House in opposition to legislation that would ban puberty blockers, hormone treatments, and surgeries as transgender therapies for minors. They also protested legislation that would prevent transgender youths fro playing sports of the sex which they identify. (file photo).
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The NCAA could pull out of hosting college basketball tournaments in Birmingham if Alabama Gov. Kay Ivey signs legislation regulating the medical and sports decision of transgender youth, LGBTQ advocates say. They also claim the World Games, set for 2022 in Birmingham, could be in jeopardy. ....

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