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Top News Links: Wednesday, Aug. 26

SEC Network worth $4.7B at one-year mark

The SEC Network, which celebrated its first birthday on Aug. 14, has proven more successful than anyone could have imagined. After the most successful network launch in cable television history, the SEC Network has a market value of $4.77 billion, according to research firm SNL Kagan. By comparison, the Big Ten Network, which launched in 2007, has a value of $1.59 billion. – AL.com

How long until a robot takes your job?

Before a robot takes your job, you’re likely to be working with one side-by-side. That’s the takeaway from a new report by Forrester Research Inc. The report wades into a heady and long-running debate over whether, how, and to what extent will robots take over human jobs – a hotly discussed topic amid recent progress in robotics and artificial intelligence. Most experts agree that machines will depress the job market in coming decades, possibly by as much as 47%, according to a widely reported 2013 Oxford paper. – Wall Street Journal

Publix plans distribution center for McCalla

Publix wants to open a distribution center in McCalla that could bring 200 jobs to Jefferson County.  The Jefferson County Commission will hold a public hearing on a proposed incentive package at its Sept. 10 meeting to bring the Lakeland, Florida-based supermarket chain to the Jefferson Metropolitan Park in McCalla. – AL.com

Opinion: World economy in glut mode

More than a decade ago, Ben Bernanke famously argued that a ballooning U.S. trade deficit was the result, not of domestic factors, but of a “global saving glut”: a huge excess of savings over investment in China and other developing nations, driven in part by policy reactions to the Asian crisis of the 1990s, which was flowing to the United States in search of returns. – New York Times

Berkadia closes $14M apartment sale

A large Birmingham apartment property has been sold. Devonshire Place and Sun Valley Apartments, a 332-unit multifamily property located near the Center Point area, was sold to New York investor Devonshire Apartments AL LLC, according to a release from Birmingham's Berkadia office. Berkadia Managing Director David Oakley and investment sales associate Josh Jacobs negotiated the $14 million sale at $42,500 per unit at the 2349 8th Street NW location. – BizJournals.com

Study: Prattville, Auburn good for women entrepreneurs

According to a study by GoodCall.com, an online data-science group, two Alabama cities were ranked among the top 100 in the country for women entrepreneurs. Prattville came in the top 50 at #46, while Auburn rounded out Alabama’s other spot on the list at #67. – Yellowhammer

Avadian to buy American Bank of Huntsville

Birmingham-based Avadian Credit Union and American Bank of Huntsville have entered into an agreement for Avadian Credit Union to purchase American Bank of Huntsville, Avadian announced Tuesday. Both boards have approved the transaction; terms of which were not disclosed. The sale is subject to customary regulatory approvals and is scheduled to close by the end of 2015. – News release

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