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Top News Links: Monday, Aug. 8

Why GE is throwing out annual reviews

General Electric CEO Jeff Immelt recently sat down with LinkedIn’s executive editor Dan Roth to discuss a number of issues important to GE’s future: from its transformation into the world’s largest digital industrial company to its evolving culture that’s focused on decentralized decision-making, speed and startup-like mentality. – LinkedIn

Rehau expansion to create 50 new jobs

Rehau Construction LLC, a manufacturer of polyethylene pipes, announced a $5 million, five-year expansion plan at its Cullman plant that the company said would create 50 new jobs. Rehau will be making new gaskets for refrigerator and freezer doors for an unidentified "major manufacturer," the Cullman Economic Development Agency said Friday at the Cullman City Hall auditorium. – AL.com

Hearing today to ponder Roy Moore’s future on bench

A court is considering whether suspended Alabama Chief Justice Roy Moore should lose his job for an order on gay marriage. The Alabama Court of the Judiciary scheduled a hearing for Monday on judicial investigators' request to remove Moore from office. He is accused of violating court ethics with an administrative order to state probate judges saying Alabama laws against same-sex marriage remained in effect after the U.S. Supreme Court effectively legalized gay marriage. – AP/Lebanon Record

Mobile continues to feel Airbus Effect

If you happen to have a jetliner you want to get painted, there aren't a tremendous number of places where you can get that done. But Mobile is about to be one of them – and that fact vividly illustrates the ripple effect of the city's new Airbus factory. – AL.com

Alabamian’s installment loan interest: Just 274.99 percent

A government effort to crack down on payday loans has given new energy to installment loans. Barbara Ahmed, 61, of Alabama signed up for a $2,250 loan with Elevate last summer after receiving mailings from the company. Four months into making payments she realized her balance hadn’t declined. She filed a complaint with the Alabama State Banking Department and found out in a letter submitted by Elevate to the regulator that her interest rate was 274.99%. Interest payments for the life of the loan would total nearly $6,000. – WSJ

AL.com investigates educational ‘dark money’ funds

The Alabama Association For Higher Education might be the most powerful force in Alabama politics that no one has ever heard of. Established and managed by current and former University of Alabama System officials including Chancellor Robert E. Witt, the association operates outside public view as a "dark money" nonprofit organization. – AL.com

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