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Top News Links: Wednesday, June 5

JPMorgan forgives JeffCo sewer debt

JPMorgan Chase & Co. has agreed to forgive $842 million of debt owed to it by bankrupt Jefferson County. — Bloomberg

ThyssenKrupp to sell Brazilian mill

According to people close to negotiations, ThyssenKrupp is likely to sell its Brazilian steel mill to Companhia Siderurgica Nacional. — Reuters

SEC warns Scrushy should not be trusted

The U.S. Securities and Exchange Commisssion has told a federal judge that former HealthSouth CEO Richard Scrushy, who was recently released from jail on bribery and fraud charges, cannot be trusted to lead another healthcare company. — al.com

Oil spill settlement proves less than ideal for BP

BP's $8 million settlement with the victims of the 2010 Deepwater Horizon oil spill may be more harmful than helpful. The company is relying on help from a U.S. appeals court to rein in awards for what it considers to be unreasonable demands. — Bloomberg

Trinity development plans in motion

Trinity Medical Center's $750 million development plan will begin with the construction of a $40 million medical office building adjacent to the hospital. — al.com

Investors wary of REIT deal

Shares of Mid America Apartment Communities dipped following an announcement by the company that it will merge with Colonial Properties Trust, a deal that will create a Sunbelt-focused, multi-family REIT. — Seeking Alpha 

Alabama manufacturing on the rise

Contrary to a nationwide slowdown, new research shows that Alabama's manufacturing economy is expanding. — al.com

ServisFirst names leadership team 

Birmingham-based ServisFirst Bank has recently named its leadership team for its new location in Nashville. — Nashville Business Journal

City leaders mull future of Bridge Street

City leaders insist the future is bright for Bridge Street Town Centre, an upscale shopping center in Huntsville, despite the recent closing of four businesses this spring.  — al.com

Law firm launches new practice group

Birmingham-based Balch & Bingham has launched an alternative dispute resolution practice group, a team that includes 13 registered mediators, six of whom are also registered arbitrators. — al.com

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