Wachovia
Wadley Waits
It's hard to find a one company town any more. But in rural east Alabama, there is a town where three-quarters of residents work at the same manufacturing plant. Or at least they did, until the plant closed down. WBHM's Tanya Ott reports.
Banking Woes
It's been a sour housing market of late with rising mortgage defaults and consumer debt. And big banks have been feeling the hurt too. Birmingham's Regions Financial reported second quarter profits are down by more than 50% and cut their dividends by an even higher percentage. Charlotte, N.C.-based Wachovia had losses approaching $9 billion and is cutting more than 6,300 jobs nationwide, including some jobs in Alabama.
Bank Merger
NPR News and Classical Music for North Central Alabama
