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Top News Links: Tuesday, April 29

Storms kill at least 11 in South

A dangerous storm system that spawned a chain of deadly tornadoes over three days flattened homes and businesses and forced frightened residents in more than half a dozen states to take cover this morning. The overall death toll was at least 28, with 11 killed in the South on Monday. – AP/Montgomery Advertiser

SpaceX going to court over ULA deal

SpaceX is suing the U.S. Air Force over a huge government contract for rocket components that was awarded to Lockheed Martin and Boeing Co. The long-term contract to launch future national security satellites is with United Launch Alliance, which builds rockets at a plant in Decatur. – Business Insider

Technology Foundation awards scholarships

The Alabama Technology Foundation has named two Alabama State University students and two Auburn University at Montgomery students as the recipients of its 2014 Lockheed Martin fall semester scholarships. Derrick O’Neal, a senior at ASU, Milton Todd, a junior at ASU, Tim Ducote and Damian Raux, both seniors at AUM, received scholarships for tuition, totaling $10,000, for outstanding academic performance in technology-based majors. – Alabama Technology Foundation news release

BP axes money for some marine studies

Funding for the study of certain marine mammals and other species has been axed by BP, contending that it is being denied access to the research, according to news reports. The international energy company denied a request for $148 million to further research, among other things, stranded turtles and dolphins, whales and oysters. – al.com

Payday loan fight moving to court

A lawsuit brought by the payday loan industry against the State Banking Department’s attempt to establish a database to enforce state limits on payday debt is scheduled to go to Montgomery Circuit Court for trial in early June. – Montgomery Advertiser

BAE lands multi-ship repair contract

BAE Systems has received a multi-ship, multi-option contract from the U.S. Navy to repair, maintain, and modernize nine destroyers and cruisers, either homeported in or visiting Pearl Harbor, Hawaii. The company operates seven full-service shipyards in Alabama, Florida, California, Virginia, and Hawaii. – BusinessWire

ADTRAN begins trading ex-dividend

ADTRAN Inc. will begin trading ex-dividend today. A cash dividend payment of $0.09 per share is scheduled to be paid May 15. Shareholders who purchased ADTN stock prior to the ex-dividend date are eligible for the cash dividend payment. At the current stock price of $23.06, the dividend yield is 1.56%. – NASDAQ

Fort Rucker civilian mechanics on strike

Unionized civilian workers who provide maintenance and support for aircraft at Fort Rucker have voted to go on strike. The Dothan Eagle reports about 2,900 workers were to begin striking Monday after union members Sunday rejected the latest contract offer by L3, the civilian contractor serving the Alabama Army post. – The Dothan Eagle

BOA analysts watching Hibbett Sports

Analysts at Bank of America began coverage on shares of Hibbett Sports in a research report issued to clients and investors on Monday, AmericanBankingNews.com reports. The firm set a “buy” rating and a $64.00 price target on the stock. – American Banking News

Community leader Sandra Steele Livingston dies

One of Huntsville’s longtime leaders has died. Sandra Steele Livingston was well known for her contributions to the business and charitable community in Huntsville and Madison County. She died of cancer on Monday. – WHNT.com

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