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Top News Links: Thursday, June 26

Regions hit with $51 million fine over accounting issues

Regions Financial has agreed to pay $51 million in fines in settlement of claims that bank employees mislabeled nonperforming loans during the financial crisis; $46 million will go to the Federal Reserve and $5 million to the Alabama banking department.  Two employees have also agreed to fines while a third is fighting the accusation. — Reuters

Milo's Tea plans $13.1 million expansion

Bessemer-based Milo's Tea has announced plans to expand its current operations, improve its current plant and add more cold storage on newly acquired property in a project planned at $13.1 million. The company plans to add 29 employees. The company received more than $1 million in tax breaks from the city to help the project. — Birmingham Business Alliance/al.com

Hyundai hints at expansion possibilities

With its cars selling like hotcakes and plans to produce even more at the Montgomery plant, Hyundai officials hinted at possible expansion during talks with a gathering of automotive writers at the plant yesterday. — Montgomery Advertiser

Camber Corporation picked for Texas unmanned aircraft project

Huntsville's Camber Corporation has been selected to provided engineering and business services to the Lone Star Unmanned Aircraft Systems Center Test Site, one of six test sites approved by the Federal Aviation Administration to test unmanned aircraft. — Camber PR

Auto supplier relocating from Atlanta to Enterprise

Advanced Carrier Products North America announced Wednesday that it is relocating its corporate headquarters from Atlanta to Enterprise and bringing about 30 jobs to the region.  The company makes metal inserts for automotive weather seal units. — Dothan Eagle

Anniston bus maker to see capital improvements, job losses

Anniston's NABI bus manufacturing firm, bought last year by Canadian bus maker New Flyer, will see a $20 million upgrade to prepare for a new bus design but will also see an unspecified reduction in its 600-person workforce, which officials say will be achieved mainly through attrition.  — Anniston Star

Federal funds earmarked to help displaced IP workers

The state has earmarked $823,000 in federal funds to help retrain workers who were displaced when the International Paper plant at Courtland closed last year. — Florence Times Daily

NASA approved 3D printer for Space Station

After testing at NASA's Marshall Space Flight Center in Huntsville, a 3D printer has been approved for launch to the International Space Station. The device makes three-dimensional plastic pieces. – NASA

Steel worker dies from injuries sustained at Mobile area plant

A worker at Outokumpu's steel mill in Calvert, just north of Mobile, has died from injuries sustained in an early June accident at the plant, WKRG-TV is reporting. — WKRG-TV

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