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Top News Links: Wednesday, Jan. 30

BP to pay $4 billion in criminal penalties

BP, owner of the Deepwater Horizon well that exploded in 2010, killing 11 workers and fouling Gulf of Mexico waters, agreed to $4 billion in criminal penalties in federal court yesterday, with guilty pleas on felony charges related to the deaths, to lying to Congress and more; state civil cases still loom in February. — CNBC

Updates on potential steel mill sales

U.S. Steel acknowledges it's a possible bidder for ThyssenKrupp mill in Mobile. — Pittsburgh Business Times

Brazilian bank may help finance Brazilian bid for ThyssenKrupp's plants in Mobile and Brazil. — Fox Business

Luxembourg's Arcelor Mittal and Japan's Nippon Steel have reportedly teamed with a $1.5 billion bid for TK's Alabama plant. — Bloomberg

Alabama near bottom on government "transparency" list

Sunshine Review, an interest group that supports easy citizen access to information about how government operates, ranks Alabama in bottom five states. — Biloxi-Gulfport Sun Herald

Shelby promises to fight for funding for Space Launch System

With renewed talks about dismantling the Space Launch System project, imperiling thousands of Huntsville jobs, Sen. Richard Shelby has pledged to fight for continued funding for the massive project. — Huntsville Times

Walter Energy still faces stockholder suit

Federal Judge Virginia Hopkins Tuesday turned down Walter Energy's request to drop a class action stockholder suit, which claims the company made misleading statements about its prospects. — Law 360

Eaton closing hydraulic cylinder plant in Decatur

Eaton has announced plans to close its hydraulic cylinder plant in Decatur, idling 63 workers. — WAAY-TV

Renaissance Hotel expanding in Montgomery

The Renaissance Hotel, one of the first investors in the capital city's entertainment district, is expanding due to the success of the district. — Montgomery Advertiser

Temporary shops brighten vacant storefronts

A new economic development initiative in Birmingham will bring temporary "pop-up" shops into vacant storefronts downtown; project kicks off Feb. 8. — Birmingham News

Fewer bankruptcies, but rate still high

The number of bankruptcy filings dropped in Alabama last year, but it still ranks among the highest rates in the nation. — Birmingham Business Journal

Huntsville firm Boecore wins $30 million contract

Boecore, which has offices in Huntsville and in Colorado, was selected for a $30 million contract to provide IT support for the U.S. Space and Missile Defense Command.  al.com

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