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Top News Links: Monday, Dec. 4

Colonial Bank Group lawsuit may be delayed

A federal judge has put a damages trial on hold in the Federal Deposit Insurance Corp.’s multibillion-dollar lawsuit against accounting firm PwC over 2009 failure of Colonial Bank Group, saying she was behind schedule on determining the threshold of liability. In an Oct. 31 order, U.S. District Judge Barbara Rothstein said her “original estimate for issuing the liability order was unrealistic.” – Legal Newsline‚Äč

Wall Street Journal weighs in on Roy Moore

The Alabama business community is on the sidelines of the state’s high-stakes Senate special election, with some leaders refusing to back Republican nominee Roy Moore because of concerns that the controversies dogging his candidacy could be bad for the local economy. – Wall Street Journal

Trump goes all in for Moore

A bit more than a week ahead of Alabama's special Senate election, President Trump is removing any lingering doubts that he fully backs embattled Republican Roy Moore's campaign. – NPR

Cumulus, second largest force in radio, files bankruptcy

Atlanta-based radio broadcasting company Cumulus Media has filed for Chapter 11 bankruptcy. Cumulus, the nations' second largest radio company, said it plans to continue operations as normal while working through the restructuring agreement that allows its to shed some $1 billion in debt. – AL.com

Historic building in Huntsville to see new usage

A historic three-story building on Huntsville's Courthouse Square that was home to the county's law library sold at auction today for $822,000. The new owners, attorneys Mitch Howie and nephew Mitchell John Howie, say there's a lot of work to do before deciding what all goes inside. – AL.com

Serda puts Mobile back on state’s craft brewing map

For nearly a decade, Mobile has languished as Alabama enjoyed a craft beer boom. On Friday, the drought officially ended with the grand opening of Serda Brewing. Mobile Mayor Sandy Stimpson joined brewery founders for a ceremonial ribbon cutting. – AL.com

Grand Hotel to close main building for final renovation phase

In the posh Magnolia Ballroom, just yards away from a placid Mobile Bay in Point Clear, a couple hundred guests downed smoked oysters and drank a bourbon-based concoction called an 1847, as local favorites Roman Street played, late Thursday afternoon. The cocktail napkins featured a bold new monogram for the beloved Grand Hotel, which is in the midst of an unprecedented two-year, $32 million renovation project. – AL.com

CVS getting into the health insurance business

CVS is preparing to buy the health insurance giant Aetna for $69 billion, the companies say. The acquisition, which has been reportedly in talks for months, would be one of the largest such mergers in the history of health care. It would combine CVS Health Corp, which has more than 9,000 pharmacy stores and more than 1,000 walk-in clinics, with an insurance company that covers more than 22 million members. – APR

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