All articles tagged with #vulcan materials
Two Birmingham-based companies, Regions Financial and Vulcan Materials, are listed on the Fortune 500, which ranks the top U.S. corporations by revenue, with Regions at 433 and Vulcan at 500. The list features companies with nearly $20 trillion in revenue, led by Walmart and Amazon.
Jim Cramer advises staying away from 3M due to ongoing litigation risk, while suggesting Daktronics as a potential investment opportunity. He praises Arista Networks as a strong networking company and expects its stock to rise. Cramer also mentions Martin Marietta Materials as an alternative to Vulcan Materials. He dismisses Vista Energy as a poor investment choice and recommends buying Skyworks Solutions now, anticipating future growth in the cellphone market.
Two Birmingham-based companies, Regions Financial and Vulcan Materials, have made Fortune's annual list of the nation's largest corporations. The revenue threshold for making the Fortune 500 list was $7.2 billion this year, up 13% from a year ago. Walmart made the top spot, followed by Amazon, Exxon Mobil, Apple, and UnitedHealth Group. Of the 500, 52 companies are led by women CEOs—an all-time high, up from 44 last year.
Alabama Republican Senators Katie Britt and Tommy Tuberville criticized Mexico's alleged "seizure" of an Alabama-based port facility owned by Vulcan Materials, claiming that armed Mexican forces have taken over the dock. Vulcan Materials alleges that the facility is still "under military occupation." The company has long been in a dispute with the Mexican government over its operations in the country. Britt and Tuberville called on President Biden to take action, with Britt stating that the incident is "significantly hamstringing important American infrastructure, energy, and other construction projects that currently rely on Vulcan’s operations in Mexico for materials."
US Senator Katie Britt has condemned Mexico's seizure of a port facility owned by Birmingham-based Vulcan Materials in Quintana Roo, calling it "unlawful and unacceptable." Vulcan has been in NAFTA arbitration with Mexico since 2018 over its investments in the country, including a limestone quarry near Playa del Carmen. The Mexican government is negotiating a settlement of a $1.1 billion lawsuit by Vulcan over an effort to shutter that quarry. Mexico has accused Vulcan of extracting materials without proper permits. Britt has called on President Biden to raise the issue with President López Obrador and assure Americans that such actions will not be tolerated.