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Top News Links: Wednesday, July 16

Golden Flake, SEC marriage crumbles

Golden Flake is no longer an official sponsor of the NCAA's Southeastern Conference. Bob Holt of the Arkansas Democrat-Gazette was among the first to report the change. Alabama fans have long associated the snack food company with its product placement alongside Coca-Cola on "The Bear Bryant Show" since the 1960s. The slogan: Great pair, says The Bear. – AL.com

Zeigler, Beeker among runoff winners

After losing several close races, Mobile attorney Jim Zeigler won the Republican nomination for state auditor Tuesday night over retired Hoover businessman Dale Peterson. In other Republican runoffs, challenger Chris "Chip" Beeker Jr. upset incumbent Terry Dunn for Place 2 on the Alabama Public Service Commission, while state Rep. John Merrill of Tuscaloosa defeated former Montgomery County Probate Judge Reese McKinney for the nomination for secretary of state. – AP

Montgomery Advertiser opinion: Legalize pot

Alabama is the only state in the country to see its unemployment rate climb in the last year. There's a prison overcrowding problem. There's a general fund budget that's likely to result in more state workers being laid off. Gov. Robert Bentley’s easy waltz to re-election that everyone assumed suddenly isn't looking quite so easy. Here's your help, governor: Legalize marijuana. – Montgomery Advertiser

GKN to add 30 jobs in Tallassee

United Kingdom-based GKN Aerospace says it has opened a new composite design engineering center at its Tallassee facility, an upgrade that should add 30 jobs at the plant. GKN officials joined Gov. Robert Bentley for Tuesday's announcement at the Farnborough International Air Show. – Montgomery Advertiser

Adtran declares cash dividend

Adtran in Huntsville declared a cash dividend of $0.09 per common share during the second quarter of 2014, the publicly traded company announced Tuesday. The technology company also reported more than $176 million in second-quarter sales, up from $162 million last year. – AL.com

Smith named Dothan Eagle publisher

Steve Smith has been named regional publisher over the Dothan Eagle and five other newspapers in Berkshire Hathaway Media Group’s Alabama division, the company announced Tuesday. – Dothan Eagle

Renasant Corp. ups net income

Renasant Corp. today announced its financial results for the second quarter of 2014.  Net income increased 85% for the second quarter of 2014 to $14,853,000, or basic and diluted earnings per share ("EPS") of $0.47, as compared to $8,019,000, or basic and diluted EPS of $0.32, for the second quarter of 2013. – Insurance News

First Bank converts to IBT Core

IBT Inc. announced today that First Bank in Wadley has converted to IBT’s Core platform. The bank will also take advantage of its complimentary ancillary cloud solutions which will enable them to meet the specific challenges of the marketplace, efficiently and effectively across all customer facing channels. – Business Wire

UA grad take new 8x8 role

8x8 Inc., a provider of cloud-based communications, today announced that Raghavan Sarathy has been made vice president of finance. Sarathy earned an MBA with honors from the Leavey School of Business at Santa Clara University and a master’s of science degree in Computer Science from University of Alabama. – Business Wire

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