Retirement Firm Invests In Shipbuilding

Font Size By The Associated Press
.

M50o93H7pQ09L8X1t49cHY01Z5j4TT91fGfr Retirement Firm Invests In Shipbuilding
Published: Fri, January 18, 2008 - 4:03 pm
Last Updated: Friday, January 18, 2008 - 4:35 pm
MOBILE, Ala. (AP) - The Retirement Systems of Alabama has become
the largest investor in Signal International, with a $100 million
purchase of shares in the shipbuilding firm that will move its
headquarters from Pascagoula, Mississippi, to RSA's Battle House
Tower, a new skyscraper in Mobile.
RSA bought about $100 million worth of shares in the $240
million company, said RSA chief David Bronner of Montgomery.
He said RSA had been working on the deal for "months and
months."
Signal builds and repairs ships and offshore oil rigs. The firm
employs about 3,000 people in Mobile, Pascagoula and in Texas at
Houston, Port Arthur and Orange.
The company leased 6,000 square feet of office space.

On the Net:
www.signalinternational.com

(Copyright 2008 by The Associated Press. All Rights Reserved.)


Recent Commented: News Reports

Cat 4 Ike Churns Toward Gulf…

244 Total Comments
Cat 4 Ike Churns Toward Gulf NHC: "extremely dangerous hurricane" has 135mph winds. more »

Hundreds of Nutria Victims Of…

4 Total Comments
Hundreds of Nutria Victims Of Gustav The dead animals are floating in the waters off the Mississippi… more »

“Scout” Reflects…

2 Total Comments
“Scout” Reflects on “To Kill A Mockingbird” Actress Mary Badham talks about her role as "Scout" in the… more »

HS Football Dress Code

3 Total Comments
HS Football Dress Code One Alabama city now has dress code for high school football… more »

FEMA Pays For “Extended…

16 Total Comments
FEMA Pays For “Extended Stays” FEMA to cover hotels for those with damaged homes. more »

Woodward Blasts Bush in New…

5 Total Comments
Woodward Blasts Bush in New Book Woodward: Bush 'too often failed to lead' on Iraq more »

 


Contact Information   •   Internships   •   Open Ratings   •   Advertise With Us
FFC-EEO Report   •   Children's Programming   •   FCC Form 388   •   Public File