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Top News Links: Thursday, Aug. 11

Wearable cloud computing, in your next jacket

Cloud is most definitely in fashion when it comes to business tech, but researchers are currently exploring ways in which to literally embed cloud into fashion. Researchers at the University of Alabama at Birmingham are looking into developing a fully functioning, lightweight cloud computing system embedded into clothing – meaning a wearable cloud could become the ultimate accessory. – CBR

Fehrer Automotive to add 150 jobs in Gadsden

Fehrer Automotive will expand its Gadsden plant next spring, producing a $12 million line which would add about 150 jobs, company officials announced. The expansion should be completed by the second half of next year. In an announcement, Fehrer North America COO Alexander Doering said the expansion will make the company one of Etowah County's largest employers. – AL.com

Mercedes on pace to win 2016 global sales crown from BMW

Mercedes-Benz sales through July rose at more than twice the pace of arch-rival BMW’s, keeping it on course to reclaim the global luxury vehicle lead this year thanks to a sportier lineup and a new crop of SUVs. Deliveries by Mercedes jumped 12 percent to 1.17 million vehicles in the first seven months of the year, compared to a 5.6 percent increase for BMW AG’s namesake brand. – Automotive News

Bentley lawyers: Only egregious acts merit impeachment

Lawyers for Alabama Gov. Robert Bentley are telling an impeachment committee that only the most egregious offenses merit removal from office. The governor's office submitted the filing on impeachment standards to the House Judiciary Committee last week as the committee begins a probe on if there are grounds to impeach Bentley. – AP/TimesDaily

MCR Federal wins $28M Army contract in Huntsville

The Huntsville division of MCR Federal is the recipient of a large task order to provide support services to the U.S. Army's Fixed Wing Project Office. The company, which won the $28.4 million contract as a direct award prime under the Intuitive Research and Technology Corporation Blanket Purchase Agreement, will work with six other partners. – AL.com

Colleges push back on debt forgiveness plan

A U.S. Education Department proposal set to become final this fall will offer billions of dollars in student-debt forgiveness for thousands of Americans who were drawn to schools by what they say was deceptive marketing. The plan—the first of its kind to offer borrowers an outright escape from student debt—will impose strict new rules on institutions of higher learning. – Wall Street Journal

Thyssenkrupp reports 34 percent slide in net profit

German industrial conglomerate Thyssenkrupp AG reported a 34 percent slide in net profit for the third quarter of its fiscal 2016, weighed down by drops in global steel and material prices from a year ago. Net profit for the period ended June 30 was EUR130 million, compared with EUR199 million during the same period last year, slightly beating analysts' forecast. – MarketWatch

Dynetics Business Operations EVP to retire

Mike DeMaioribus, executive vice president of Dynetics Business Operations, will retire in September after 39 years with the company. DeMaioribus joined Dynetics in 1977 and has progressed through various engineering, management and executive positions, according to a company statement. – News release

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