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Top News Links: Thursday, Feb. 27

Sale of ThyssenKrupp AG’s steel mill final

ArcelorMittal, along with Nippon Steel and Sumitomo Metal Corp., has completed acquisition of ThyssenKrupp AG's steel mill in Alabama for $1.55 billion. The transaction, a 50:50 joint venture with NSSMC, was completed for the sales price plus working capital and net debt adjustment, the world's largest steel-maker said. – Zeenewsindia.com

Ethics bill pushed toward grinder

A legislative committee appears poised to strip down a broad ethics bill that grew in the Alabama Senate beyond what the sponsor originally intended. The House Ethics and Campaign Finance Committee on Wednesday discussed, but did not vote on, a bill originally aimed at preventing lawmakers from resigning to become lobbyists. – The Sand Mountain Reporter

Party over for thrifty fliers using Delta

Delta Air Lines is changing its frequent-flier program to favor passengers who buy the priciest tickets instead of those who fly the most miles. – Montgomery Advertiser

Hagel voices reservations on littoral ship contract

U.S. Defense Secretary Chuck Hagel said his “considerable reservations” about the Littoral Combat Ship led him to bar planning for any more than 32 of the vessels, 20 fewer than the Navy’s $34 billion program. – Bloomberg

Envision 2020 wants some doctors in the house

Regional planning group Envision 2020 has officially announced the new leader of its effort to bring doctors to the River Region and keep them there. Britney Sellers will work to do that as the new program director for M.D. Connection. – Montgomery Advertiser

Welch Hornsby expanding Birmingham office

Welch Hornsby Investment Advisors says it is expanding the space and workforce of its Birmingham office and also is opening a new office in Charlotte, N.C. – al.com

REV Birmingham to offer small biz workshops

REV Birmingham said it will launch a new small business development workshop series called “Biz 1.0: Entrepreneur Essentials” in March at Woodlawn’s SocialVenture. It’s part of the organization’s REV-BIZ rebooted business growth program for Birmingham entrepreneurs and small businesses. – al.com

State’s banks see collective dip in profits

Alabama banks posted an 18 percent dip in their combined profits in the fourth quarter over the previous year, according to newly released data from the Federal Deposit Insurance Corp. The 136 banks reported $410.8 million in aggregate net income for the quarter ended Dec. 30, 2013, down from $499.9 million reported a year earlier. – Bizjournals.com

ADTRAN meets with leaders on DSL standards

ADTRAN Inc., a leading provider of next-generation networking solutions, announced Tuesday they welcomed the International Telecommunications Union, a United Nations specialized agency for information and communication technologies, and its Telecommunication Standardization Sector for a meeting at its corporate headquarters in Huntsville. – Businesswire.com

Best upgrades Life Insurance Company of Alabama

A.M. Best has upgraded the financial strength rating to B++ (Good) from B+ (Good) and the issuer credit rating to “bbb” from “bbb-” of Life Insurance Company of Alabama, based in Gadsden. – Businesswire.com

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