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GULF SHORES - A new music festival may rock Gulf Shores this spring.

The owner of "The Hangout" restaurant on Highway 59 is coordinating the two-million dollar event.

"Beachfest" will be held on the public beach in front of the restaurant, May 14-16.

The music acts are still not finalized, but are expected to be announced after January 1.

On Monday, the Gulf Shores city council passed a resolution, in support of the festival.New Music Festival Planned For Gulf Shores

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Wednesday, November 18 2009, 07:46 PM EST

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BUSINESS NEWS

Asian stocks mostly lower

HONG KONG (AP) -- Asian stock markets were mostly lower Thursday while the euro weakened after Greece said it might seek international assistance to resolve its debt crisis.

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La. senator: Are deaths linked to Chinese drywall?

 NEW ORLEANS (AP) -- U.S. Sen. David Vitter is calling on federal officials to do a thorough probe into the deaths of several people who lived in homes built with suspect Chinese drywall. ...

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DEAR MR. PRESIDENT

MONROE, Mich. (AP) -- Jennifer Cline has a new pen pal -- President Barack Obama.

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