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Top News Links: Friday, August 1

ArcelorMittal back in the black

The world’s largest steel maker said on Friday that it earned $52 million in the second quarter, a substantial improvement from a $780 million loss in the same period last year, as demand for steel rose in Europe and North America. It was the first profitable quarter for ArcelorMittal since 2012. – New York Times

Study: Expanded Medicaid helps workers

If the state decided to expand Medicaid, working Alabamians would be the largest group to benefit, according to a study released this week. Of the state’s 342,000 uninsured people who are considered in the “insurance gap” — meaning they don’t qualify for Medicaid but make too little to afford private insurance — 185,000 are blue-collar people with jobs, the study found. – Tuscaloosa News

Southern Company beats estimates

The Southern Company this week reported $0.68 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.66 by $0.02, AnalystRatings.NET said. The Southern Company’s revenue was up 5.2% compared to the same quarter last year. – Watch List News

Casino operators sweeten NY bids

Greenetrack, a bingo-parlor operator from Alabama, and casino operator Full House Resorts have plans to build a casino and resort in New Windsor, N.Y. The team said it also would build a sports and aquatic center to serve the region and rebuild the facilities for the New Windsor Police Academy. – WSJ

Montgomery-built Sonatas recalled

Korean automaker Hyundai has issued a recall for its Alabama-built Sonata sedan for a problem with the gearshift lever. The recall covers 883,000 vehicles, from the 2011 to 2014 model years. – AP

Clayton Homes expands in Russellville

Clayton Homes is bolstering its investment in Alabama with the addition of a new, state-of-the-art home-building facility in Russellville. This facility, operated by Southern Energy Homes Inc. (SEhomes), a subsidiary of Clayton Homes, will be the predominant builder for SEhomes’ Southern Homes line. – News release

Sales tax holiday begins today

Parents gathering school supplies and clothes for the coming year can get a break on costs this weekend during Alabama’s sales tax holiday. The holiday, which began at 12:01 a.m. Friday and runs until midnight Sunday, waives the state’s 4 percent sales tax. Many municipalities also participate. – Dothan Eagle

Bentley sending aide to address EPA

Governor Robert Bentley on Tuesday will send his Senior Advisor, Blaine Galliher, to the Environmental Protection Agency’s public hearing in Atlanta to testify about the negative impact the EPA’s new plan to cut carbon emissions from existing power plants will have on Alabama. – Nexstar Broadcasting

Taziki’s named a fast grower

Taziki's Mediterranean Cafe has opened a new restaurant in Hermitage, Tenn. The Birmingham-based, fast-casual, Greek-food inspired chain has 36 locations in nine states. Taziki's also was recently named No. 13 on The Future 50, an annual ranking of the 50 fastest growing small chains in the U.S. – AL.com

Whole Foods coming to Montgomery

Whole Foods Market will build a 40,000-square-foot store in the new Chase Corner development in Montgomery, the grocer and developer Aronov announced Wednesday. Site work already is under way on the project, across from the entrance to Eastchase, but it won't be completed until 2016. – Montgomery Advertiser

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