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Top News Links: Monday, June 3

Colonial Properties Trust merging into Memphis firm

One of Alabama's 20 public companies, Colonial Properties Trust, has announced plans to merge into the Memphis-based REIT Mid-America Apartment Communities – Nasdaq, Birmingham News

KwangSung to expand in Dadeville

Korean auto supplier KwangSung has announced a $10 million expansion of its Dadeville plant, with plans to add about 100 employees. — Alexander City Outlook

Problems with new NYC 911 system have experts looking for someone to blame

New York City mayor says repeated 911 system outages in were caused by human error, but tabloid lays blame on new system designed by Huntsville's Intergraph. — New York Daily News

Feds target foreclosure bid rigging rings

Mobilians headed for jail over foreclosure bid rigging are part of a larger federal effort to clean up problems that harmed banks and homeowners, the Associated Press reports. — USA Today

Newton named state finance director

Bill Newton, who has worked with the state's finances for some 30 years, has been appointed finance director by Gov. Robert Bentley, replacing Marquita Davis who has left for a post with Jefferson County. — Montgomery Advertiser/South Union Street

Boeing tests move U.S.closer to renewed human space flight

Boeing Co. says its Commercial Crew Transportation System has passed two more tests en route to returning humans to space, with successful completion of wind tunnel and thrust tests. — Boeing PR

More jobs posted at Airbus

Gearing up for its first U.S. assembly line in Mobile, Airbus today posted job openings for 10 engineers. — Airbus PR

Nektar sees good results in cancer drug trials

Nektar Therapeutics, with operations in Huntsville and India, announced today that its NKTR-214, a drug designed to help the body use its immune system to fight cancer, shows promise in preclinical testing. — Nektar PR

Coastal insurance costs hard on homeowners

Hurricane-related price increases are making coastal homeowner's insurance costly, the Associated Press reports. — Lafourche Parish Daily Comet

Alabama Music Hall of Fame considering new digs

With financial issues closing doors at the Alabama Music Hall of Fame in Tuscumbia, board members are looking at other sites around the state. — al.com

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