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Top News Links: Wednesday, Feb. 13

Timetable set for TK sale; cash only?

ThyssenKrupp executives announced the company is working toward selling its Alabama and Brazil steel plants by the end of spring. — Pittsburgh Business Times

TK leaders express preference for cash offers instead of shares in the sale of its two steel mils. — Fox Business

Alabama exports thrive

Alabama exports hit a record level in 2012, the nearly 10 percent jump due in large part to the continued success of auto manufacturing throughout the state. — Birmingham Business Journal

New study proves Alabama's dependence on agriculture

A new economic impact survey reports that 22 percent of all workers in the state of Alabama work in agriculture, forestry and related industries. — Alabama Cooperative Extension System

Education funds falls off the fiscal cliff

Financial experts predict the fiscal cliff agreement will cut funding for Alabama's public schools and colleges by at least $70 million annually. — The Republic

Alabama sales tax ranks among the highest

A new report from the Tax Foundation shows the combined state and average local sales tax rate in Alabama is the eighth highest in the nation. — Birmingham Business Journal

Board elects new UAB president and trustee

The University of Alabama System's Board of Trustees elected Ray Watts as the seventh president of the University of Alabama-Birmingham and Harris Vaughan Morrissette as a new member of the Board of Trustees. — Tuscaloosa News

Raytheon contract receives add-on

Raytheon Company was awarded a $116 million contract from the Army Contracting Command in Redstone Arsenal in Madison County. — Zacks.com

City approves expansion for bike trail

The Anniston City Council voted unanimously to fund $450,000 worth of work to expand the Coldwater Mountain Bike Trail System.  — Anniston Star

Nektar to announce financial results

Nektar Therapeutics, with operations in Huntsville, will announce its financial results at the end of February for the fourth quarter and year-end of 2012, following the close of U.S.-based financial markets. — Daily Markets

Fannie Mae sells Avondale property

Fannie Mae has sold a 53-unit apartment complex in Avondale for $1.06 million. — Birmingham Business Journal

Boeing names Hyslop and Chilton to new positions

Greg Hyslop has been named vice president and general manager of Boeing Research and Technology; Jim Chilton will replace Hyslop as the head of Boeing Strategic Missile and Defense Systems. — al.com

Huntsville airport bonds downgraded

Moody's has downgraded the Huntsville Madison County Airport Authority's $52.3 million airport revenue bonds to A3 from A2. — al.com

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