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Top News Links: Monday, August 12

Car company's big plans fall flat in Mississippi

A startup car company's plans to build a massive auto plant in the Mississippi Delta haven't materialized as expected, the Associated Press reports. The company, GreenTech Automotive Inc., is now under investigation by the Securities and Exchange Commission. — Alabama's 13

Southern ports prep for canal growth

A $5.25 billion project will nearly double the cargo capacity and size of the ships that can transit through the Panama Canal. As a result, port officials are hoping to increase their business by serving as feeder for goods heading to ports that can accommodate larger ships, such as Mobile and Miami. — The News Herald

Financial burden mounting for TK

Despite its aim for a September deal, no agreement appears in sight for ThyssenKrupp's sale of Steel Americas. — Reuters Canada

TK considers share sale on one condition

ThyssenKrupp is sounding out investors on a capital increase planned for fall, but the German steelmaker said it would have to reach an agreement to sell its American operations before making any decision. — MSN Money

Mercedes manufacturing in India

Mercedes Benz will produce its GL class full size SUV outside the U.S. for the first time ever. Until now, the new GL class was produced only at the Mercedes Benz US International plant in Tuscaloosa. — Rush Lane

Tuscaloosa entrepreneur creates new guitar accessory

Chad Smith, owner of Alcove International Tavern in Tuscaloosa, invents genius new guitar accessory Option Knob Inc. — The Huntsville Times

Serina Therapeutics working to develop new cancer drug

Huntsville phamaceutical company Serina Therapeutics has signed an agreement with Scripps Research Institute to develop new cancer drugs using its polymer-based technology. — The Birmingham News

HealthSouth heads to Florida?

Birmingham-based HealthSouth Corp. is seeking approval from the Florida Agency for Health Care Administration to build a 65-bed inpatient rehabilitation facility in Florida's Lake County. — Orlando Business Journal

Hibbett Sports moves to new corporate headquarters

Sporting goods retailer Hibbett Sports Inc. has moved into its new corporate headquarters in the former CVS Caremark building in Birmingham's Oxmoor Valley area.  al.com

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