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Top News Links: Friday, July 13

Martin Marietta, Vulcan updates

Delaware court explains ruling

The Delaware Supreme Court expanded on the May 31 ruling, concluding a lower court properly found Martin Marietta Materials Inc. could not proceed with a hostile takeover of rival Vulcan Materials Co. — Bloomberg Businessweek

Moody's lowers ratings

Moody's Investor Services downgraded both Martin Marietta Materials Inc. and Vulcan Materials Co. to junk territory. — The Wall Street Journal

Judge puts halt on debtors prison

A county judge in Alabama ordered a halt on one city's use of a private probation company that passes on fees to people convicted of crimes then throws them into jail when they can't pay. — MSNBC.com (blog)

Alabama foreclosure filings rank above U.S. average

New study shows Alabama placed No. 33 in the U.S. for percentage change in foreclosure filings in the first half of the year. — Birmingham Business Journal

Avans grand opening

Avans Machine holds ribbon cutting ceremony for new Hytop facility in Jackson County. — The Huntsville Times

Debt on the rise at state universities

Despite enrollment booms, the state's largest universities are experiencing debt increases similar to those of their students. — Birmingham Business Journal

Alabama wins on the Web

Alabama's official state website honored with the Gold Communicator Award of Excellence by the International Academy of the Visual Arts for its user-friendly design. — BusinessWire

More work in the works for AAD employees

Workload changes mean hundreds of Anniston Army Depot employees will maintain work at the facility through March 2013; workers contracts had been scheduled to expire in September. — The Anniston Star

Axis company adds jobs

AMVAC Chemical Corp. has added about 10 jobs based on the addition of a new unit, which will produce the defoliant Folex 6 EC. — Mobile Press-Register

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