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Top News Links: Monday, February 12

Remington Outdoor Co. may be taking steps toward bankruptcy

Remington Outdoor Co. Inc., one of the largest U.S. makers of firearms, has reached out to banks and credit investment funds in search of financing that will allow it to file for bankruptcy, people familiar with the matter said last week. – Reuters

Officials watchful as Remington struggles in hiring goals

The Remington firearms facility in Huntsville appears to be behind on its promised hiring numbers as the company considers filing for bankruptcy. Huntsville officials, though, said they are confident that the gun manufacturer -- which said upon the announcement of its arrival in the Rocket City that it would ultimately create 2,000 jobs -- will fulfill its obligations. – AL.com

Topre America plans $80 million Cullman expansion, hiring 98

Topre America Corp., an auto supply firm, has announced an $80 million expansion of its Cullman operations, creating 98 jobs. The expansion will accommodate a new production line to supply parts for the 2018 Altima, being built at the Smyrna, Tenn. Nissan plant. Topre will install a new press line and machining equipment on an extra press pit. Construction will begin within a few months. – AL.com

Server fired after complaining that church stiffed her on tip

Tamlynn Yoder, 25, of Lake Park, Fla., lost her job at Outback Steakhouse after she complained in a social media post about not getting a tip. Christ Fellowship Church placed a $735 takeout order and sent someone to pick it up. They did not leave a gratuity for the order. “We take the order over the phone, we put the order together, take payment and then take order to the car,” Yoder told the Palm Beach Post. “It’s a lot of work just as much as serving.”

Lawsuit against Sterne Agee can move forward, high court rules

A lawsuit alleging breach of fiduciary duty, recklessness, fraud and other claims against Sterne Agee -- once Birmingham's largest privately-owned investment firm before its sale in 2015 -- can move forward after the Alabama Supreme Court ruled in an 8-0 decision Friday against a petition by the former company's board of directors. – AL.com

Concordia College in Selma fights for its survival

A historically black Lutheran college is fighting for survival in Selma. Tiny Concordia College has been struggling for years, and administrator James Lyons told WSFA-TV it will have to close at the end of the current semester without additional funding. – AP/USN&WR

Walker County’s David Knight receives top economic development award

The Alabama Department of Commerce has recognized David Knight, executive director of the Walker County Development Authority, with the David R. Echols Distinguished Service Award at the Economic Development Association of Alabama winter conference Jan. 29-31 in Birmingham. The Echols Award represents the highest recognition for the state’s economic development professionals. – ANC

‘Retention pond on steroids’ wins construction award

For nearly 60 years Stanley Construction Co. has sculpted much of the Tennessee Valley area. The family company, based in Huntsville, has reached many milestones over the years. The most recent came in the form of recognition of the industry trade association for construction of the largest irrigation reservoir in the southeast United States. – AL.com

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