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Top News Links: Tuesday, July 26

Alabama boss new CEO of ArcelorMittal North America

Chicago-based ArcelorMittal North America has named Robrecht Himpe as its new CEO. Himpe will remain based at the steelmaker's Calvert operation in Mobile County, where he served as executive vice president of ArcelorMittal North America and CEO of the Calvert operation. Himpe will spearhead the company's Action 2020 efforts, designed to create "an agile and efficient structure that is adept at responding to market challenges and opportunities with confidence." – IIB

Lottery back in discussion for special session

Alabama voters may be deciding on a lottery when they go to the polls in November. Several lawmakers say a lottery bill is one of the top options in a special session expected this summer. Lawmakers are waiting for Governor Robert Bentley to call the session but will meet in Montgomery today to discuss plans. – ABC3340

Hyundai reports 10th straight profit drop

South Korean automaker Hyundai slipped to its 10th straight profit drop in the second quarter and warned of a tough second half as it soaks up stiff competition and shrinking demand for its mainstay sedans in the United States. The world’s fifth-biggest automaker, together with affiliate Kia Motors, said on Tuesday its April-June net profit slipped 2.6 percent to $1.46 billion from a year ago. – Reuters/Gulf News

Montgomery Hyundai plant outproduces counterpart

The Hyundai plant in Montgomery produces almost twice as many vehicles per hour as the company’s plants in Korea while Hyundai’s regular workers here get paid a lower average salary than the ones in Korea, according to The Korea Herald as well as data from the company and other sources. – Montgomery Advertiser

Universities nationwide build new, ignore old

Universities and colleges collectively face a shortfall of a record $30 billion for what they variously call “deferred maintenance” or “deferred renewal” to deteriorating buildings and other infrastructure, according to an estimate by the national association representing facilities officers. They nonetheless continue to build more—spending a record $11.5 billion last year—in the hope of attracting students at a time when enrollment is leveling off or falling. – The Atlantic

Startup Weekend planned in Mobile Aug. 26-28

Startup Weekend events are part business pitch competition, part educational experience and have a strong reputation for fostering a supportive environment for business innovation. Mobile will get in on the Startup Weekend party Aug. 26-28, organizers said Monday. – New release

U.S. trade measures finally helping steel producers

Three leading U.S. steel companies have reported enhanced profitability recently, in one case, less egregious negative results. All three attribute their brighter financial picture to falling steel imports and those thanks to the trade sanctions the United States government has imposed on foreign steel producers, most notably China, but others as well. – American Journal of Transportation

Job fair today for service members, vets and military spouses

A job fair for service members, veterans, and military spouses is happening this morning at the Teague Arena, Garrett Coliseum Complex, in Montgomery. An employment workshop begins at 8:30 a.m. and the hiring fair is set between 10:30 a.m. and 1:30 p.m. – News release

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