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Top News Links: Wednesday, August 6

Hyundai chairman not a follower

Hyundai Motor Group chairman Chung Mong-koo, who is visiting the carmaker’s U.S. operations this week, stressed readiness for currency fluctuations, especially the weakening Japanese currency. Taking advantage of the weaker yen, Toyota and Honda are upping their offensive with cash incentives. “We will not follow in the footsteps of our rivals (in offering more discounts),” he says. – Korea Herald

ABC sees robust building market

"A combination of low interest rates; wealth effects stemming from a booming stock market and rising home prices; surging energy production; and expanding industrial output has helped position the U.S. economy for more rapid growth during the next several quarters,” says Associated Builders and Contractors Chief Economist Anirban Basu. – News release

Riverfront Village’s phase one open

The site of an old Chevrolet dealership along the banks of the Black Warrior River has reopened in the first phase of a vibrant, mixed-use community in downtown Tuscaloosa. Riverfront Village will provide residents and visitors with pedestrian-friendly access to new living, dining and shopping options. – News release

State has 7 metros in Forbes list

Alabama placed seven metro areas in the Top 200, including one in the Top 10. Forbes ranks the 200 largest metropolitan statistical areas and divisions in the US, and Auburn was listed at No. 10 for 2014. The other six metros ranked include Tuscaloosa (No. 49), Florence (No. 121), Decatur (No. 146), Gadsden (No. 152), Dothan (No. 172) and Anniston (No. 179). – Dothan First

Renasant director buys 3,000 shares

Renasant Corp. Director Theodore Moll purchased 3,000 shares of Renasant Corp. stock in a transaction that occurred on Friday, August 1st. The shares were purchased at an average cost of $28.59 per share, for a total transaction of $85,770.00. – Ticker Report

Protective Life net income up

Birmingham-based insurance agency Protective Life reported second quarter results today, reporting net income of $108.0 million or $1.33 per diluted share. This was up slightly from the second quarter of 2013, when net income stood at $103.2 million or $1.27 per diluted share. – AL.com

Developer Daniel Corp. pushes out

Birmingham-based Daniel Corp. is expanding its blueprint further into the Southeast with its newest project in Mount Pleasant, S.C. The company recently broke ground on Bridgeside at Patriots Point, a new 324 unit luxury apartment community, on behalf of MetLife Inc. – AL.com

Georgia-Pacific to be honored

The University of Alabama’s Manderson Graduate School of Business at the Culverhouse College of Commerce will award Georgia-Pacific Corp. with the Manderson Partner of the Year award Friday, Aug. 15 at its annual Speakers Edge luncheon. – News release

BIS, Southern Light to partner

Business Information Solutions CEO Phillip Long has announced a partnership between BIS and fiber optic network provider, Southern Light. With BIS already possessing a wide array of information technology service, the addition of a quality fiber optic provider was natural fit, Long said. – News release

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