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Top News Links: Wednesday, July 9

Walter Energy sells bonds to pay loan

Walter Energy Inc. is turning to the bond market to raise money that will allow the coal miner to pay off a revolving loan that restricts its borrowing capacity. Walter sold $320 million of debt in an add-on to its $650 million of 9.5 percent, first-lien notes due October 2019, according to data compiled by Bloomberg. – Bloomberg

OSHA mulls accident fines

Federal labor officials have announced penalties they're looking to impose against a construction company after two employees working on a Montgomery freeway overpass fell about 90 feet to their deaths. Officials said in a statement that R.R. Dawson Bridge Co. in Bessemer didn't provide workers near an I-85 interchange outer loop with adequate protection from falling. – AP

Birmingham mayor off to London

The city of Birmingham is spending more than $25,000 to send Mayor William Bell, Council President Johnathan Austin, two of Austin's staffers, and two mayoral aides to London, England, for an economic development conference. – AL.com

Alabama State University bonds junked

Moody's dropped Alabama State University's $230 million of outstanding bonds three notches to junk citing an inability to cover debt service among the reasons. – Bond Buyer

Alabama out of complaint business

A new law in Alabama strips the utility commission of the authority to resolve consumer complaints about Internet-based phone service, broadband or any telecommunications service other than basic landline service and optional calling features. Such laws are becoming common nationwide. – AARP

Huntsville goes after auto project

Huntsville International Airport's Jetplex Industrial Park is among several sites in the southeastern U.S. and Mexico competing for an automotive project that recently resurfaced after it was put on hold for several months. – AL.com

Fest to commemorate historic battle

Mobile Bay and Fort Morgan will come alive Aug. 1-3 for a festival to commemorate the 150th anniversary of the Battle of Mobile Bay. The three-day event will feature the largest Civil War re-enactment held on Southern soil, a nighttime pyrotechnical bombardment of Fort Morgan, more than a dozen tall-ship sailing vessels, along with authentic Civil War era food and entertainment. – Mullet Wrapper

Company fined for fish habitat damage

A judge ordered Walter Energy and its subsidiaries to pay a total of $75,000 in fines and damages after a improperly built road near its Willow Creek mine washed out and flooded a nearby creek with sediment. The company pleaded guilty Monday to damaging fish habitat near a mine outside Chetwynd, B.C. – Alaska Highway News

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