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Top News Links: Wednesday, August 1

Unexpected ally for Jefferson County in bankruptcy planning

Unsecured creditors of Jefferson County have joined the county in its plea for more time to develop a workout plan; firm that underwrote bonds has asked court for Sept. 28 deadline. — Reuters

BP loss surprises marketplace

BP's reported loss of $1.4 billion, based mostly on lowering estimated value of  assets, surprising some investors, as oil giant looks for balance. — Alabama Public Radio

Marsha Folsom to lead new bamboo company in Black Belt

Former First Lady Marsha Folsom will take the helm of a new bamboo processing company, Resource Fiber LLC, aiming to provide processed bamboo for flooring and other uses. — Birmingham News

Construction jobs losses high in Montgomery

Builders say Montgomery among worst in nation for construction job losses, down 20 percent or 1,300 jobs since last year. — Associated General Contractors PR

And appearing for the defense…

Alabama Educational Television Commission has hired Wallace, Jordan, Ratliff & Brandt to defend it against a lawsuit brought by ousted public television chief Allan Pizzato — Alabama Public Radio

Boxer sues Country Crossing over bad debt

Boxer Floyd Mayweather Jr. has filed suit against Country Crossing casino, now in bankruptcy, seeking repayment of $61 million he claims is now owed on a $4 million loan he made to developers. — Dothan Eagle

BB&T buys Bank Atlantic, moves up in Florida bank ranks

BB&T, which moved into Florida when it purchased the assets of Alabama's Colonial Bank, has acquired a new Florida unit, moving it up to 6th month Miami-area banks. — Sun Sentinel

Coal company exec Larry Drummond dies

E.A. Larry Drummond, vice chairman of Drummond Company Inc. who helped his family firm move into international operations, died Monday at age 68. — Jasper Daily Mountain Eagle

Honda sees breakthrough profits

Japanese automaker, parent of key Alabama automaker, turns corner after last year's natural disasters; profits quadruple in second quarter. – New York Daily News

34 more highway projects announced

Gov. Robert Bentley identified 34 additional project to be funded by Alabama Transportation Rehabilitation and Improvement Project funds. — WWNT Radio

Pamlico Capital buys majority interest in TekLinks

Jim Akerhielm has been named CEO of cloud technology company TekLinks, as part of  a move in which Pamlico Capital acquired a majority interest in the Birmingham firm. — PEHub

United Security boasts best results in two years

United Security Bancshares Inc., based in Thomasville, reported its best second quarter earnings in two years, up to $1.4 million from $904,000 last year. — Market Watch

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