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Top News Links: Wednesday, June 6

Navistar expands Shoals plans

Navistar said this week that it will build everything but the engine for its newest truck model at the massive Shoals plant it acquired earlier this year; engines will be built in company's existing Huntsville plant. — Times Daily

Alabama economy shrinking, feds say

Federal statistics show Alabama's economy shrinking faster than any state except Wyoming and Mississippi, but state economist questions the numbers. — Anniston Star

BBVA Compass makes massive computer upgrade

An upgrade to the BBVA Compass computer system in Birmingham is described as one of the biggest ever, bringing hundreds of experts to the city to build a new system that will update customer accounts in real time. — Birmingham News

Alabama has sixth-worst gap between rich and poor

Alabama and neighbors Mississippi and Tennessee have low median incomes and big divide between rich and poor, according to Census data analyzed by Organisation for Economic Co-operation. — MSNBC

Shoals hospitals debate cancer center plans

Three Shoals area hospitals have all filed to contest plans for a new cancer center, even the hospital that's proposing it. — Times Daily

Childersburg begins streetscape project

The first of several contracts have been authorized for a streetscape and traffic signal project in downtown Childersburg. — Daily Home

Business strategy behind newspaper shrinkage

Reuters writer ponders business basics of newspaper cutbacks. — Reuters

"Fraught with failure"

U.S. News critiques Department of Justice team that failed to convict any indicted in Alabama's recent gambling and corruption case, who this week failed to win convictions against former presidential candidate John Edwards. — U.S. News and World Report

Staying ahead of the law

Balch & Bingham has initiated a new website with tips on compliance with Alabama's tough immigration law. — Birmingham Business Journal

More caught in derivative soup

U.K. real estate investors now caught in same derivative mess that's haunting Jefferson County, Italian towns and others. — Bloomberg Businessweek

Southern Company stock performing well

Financial observer highlights Southern Company stock performance. — Seeking Alpha

Hong Kong trade praised

Representative of Hong Kong meets with state officials to promote increased trade. — 7th Space

Regions promotes John Owen

John Owen tapped to lead business services at Regions Financial Corporation, based in Birmingham. — Market Watch

Intergraph software chosen for Shell Qatar plant

Intergraph's SmartPlan Instrumentation software has been chosen for the $18 billion Qatar Petroleum-Royal Dutch Shell Pearl Gas to Liquids plant. — Intergraph

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