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Top News Links: Wednesday, June 11

Toyota does recall over air bags

Toyota Motor Corp. is recalling nearly 650,000 vehicles in Japan and repeating a recall for problems with front passenger air bag inflators announced last year, seeking to fix some 2.27 million vehicles. The recall involves about 20 Toyota models, including some Corolla compacts and Tundra pickups made in 2003-2004 and some 2002-2004 Lexus SC 430 coupes made in the U.S. – The Associated Press

Title Group acquires Steiner Building

Downtown Birmingham’s historic Steiner Building has been acquired by the owners of The Title Group in a $1.825 million deal, and the insurance underwriting firm will relocate to the building in 2015. – AL.com

Airbus loses large A350 order

Airbus Group NV (AIR) suffered its biggest-ever order cancellation as Gulf airline Emirates scrapped a deal for A350 planes valued at $16 billion, hurting efforts to break Boeing Co. (BA)’s dominance in wide-body aircraft. Emirates will drop orders for 50 A350-900s and 20 larger -1000s, Airbus said today. – Bloomberg

PSC votes refund to Alabama Gas customers

Customers of Alabama's largest natural gas distributor are going to see a reduction in their rates starting in the fall. The Alabama Public Service Commission voted unanimously on Tuesday for Alabama Gas to refund $16.5 million to its customers through lower rates between Oct. 1 and March 31. – The Associated Press

West Coast couple spreading bamboo

Ann and David Knight aren’t your average gardeners putting in a backyard vegetable patch. The Washington state couple are in rural Alabama trying to transform agriculture here with the creation an eco-friendly manufacturing base for bamboo products. – KPBJ.com

Celsion Corp. to acquire Egen Inc.

Celsion Corp., an oncology drug development company, and Egen Inc., a privately held biopharmaceutical company based in Huntsville, today announced the signing of a definitive asset purchase agreement in which Celsion will acquire substantially all of the assets of Egen. – News release

Caterpillar Marine settles on fire

The now-defunct Bender Shipbuilding and Repair reached a settlement agreement with Caterpillar Marine worth $46 million, triggered by a lawsuit over a failed engine that burst into flames while under construction on the Mobile River. The May 2008 blaze burned for close to 24 hours at Bender's facility where Signal Ship Repair now resides. – AL.com

Children’s of Alabama makes Top 50

Birmingham is home to one of the best children’s hospitals in the nation, according to U.S. News & World Report. For the fifth year in a row, Children’s of Alabama has named among the top 50 in the United States in the magazine’s annual ranking. – Alabama’s 13

Prison understaffing blamed in deaths

Severe understaffing in Alabama's prisons has contributed to at least three inmate deaths this year and has led to inadequate medical care, amounting to cruel and unusual punishment, two civil rights groups said in a report released Tuesday. – Reuters

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