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Top News Links: Wednesday, August 15

FDIC files suit against Wall Street banks, says Colonial was defrauded

The FDIC has filed suit in federal court in New York and circuit court in Montgomery, claiming that Wall Street banks and securities companies defrauded Colonial BancGroup, leading to its 2009 failure. — Wall Street Journal and Business Alabama reports

Securities suit dismissed

A Birmingham agency's suit against Goldman Sachs and its CEO was dismissed in federal court in New York yesterday, saying claims that the investment company knew it's mortgage-backed securities were overvalued lacked specifics. — Bloomberg

Jefferson commissioners delay decision on indigent care

As protestors vowed to continue their fight to save Cooper Green Mercy Hospital, Jefferson County commissioners delayed action on the fate of the hospital, which provides most of the bankrupt county's indigent care. — Birmingham News

Shipbuilder gets $5 million from state, plans to hire 1,000

Austal USA will receive $5 million in job training funds from the state in return for boosting its employment by 1,000 to about 4,600. — WFSA Montgomery

Alabama company's offer causes mob scene in St. Louis

A St. Louis TV station reports that Advanced Marketing and Promotions LLC caused a minor mob scene in St. Louis, offering a $500 gift card in return for signing up for a prepaid debit card, but actual terms of the card made those waiting in line angry. — KMOV TV

Plea deal in community college case

Jimmie Clements pled guilty to theft from Southern Union State Community College in a deal that drops charges against his wife while requiring him to repay $256,000 and carry a 15-year suspended sentence. — Opelika Auburn News

Coal railway back at work, coal prices dip

Coal prices, which has jumped several dollars a ton during a strike by workers at a railway that moves Colombian coal from mine to port, slipped back by $2 a ton yesterday as a Colombian court ruled the strike illegal. — Reuters

Cost of construction materials slips

Associated General Contractors report that the price of construction materials has dropped slightly, a rare occurrence they say, and they urge a construction push before diesel and steel prices push costs back up. — AGC News

Leadership change at Dothan company

Joe Chynoweth is the new chairman of Clean Energy Pathways, as chairman Harrison Parrish and president Greg Clemons have stepped down from the company; in the transition, Clemons is returning 5 million shares of company stock, moe Chynoweth terms "generous." — Equities.com

Stop the spread

Birmingham's Proventix, a hand-wash monitoring system for health care professionals, has added a new feature to help stop the spread of infection-causing Clostridium difficile. — Infection Control Today

Auburn National dividend

Auburn National Bancorporation Inc. declared a third quarter dividend of $0.205 cents per share yesterday. – Globe Newswire

Hoar Construction completes OB addition in Enterprise

Birmingham's Hoar Construction has completed work on an 18-bed expansion of OB facilities at Medical Center Enterprise. — Hoar Construction

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