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Top News Links: Thursday, June 16

Ground to be broken today on new GE plants

GE Aviation leaders and government officials will break ground Thursday on two factories in Huntsville-annexed Limestone County that will cost over $200 million to build and when operating will employ 300 people. The factories will produce silicon carbide materials used to manufacture ceramic matrix composite components for jet engines and land-based gas turbines. – AL.com

Bentley impeachment investigation begins

An impeachment investigation of Alabama Gov. Robert Bentley opened Wednesday, as lawmakers begin what will be a lengthy look into whether there are grounds to remove the two-term Republican from office. In a series of meetings this year, the House Judiciary Committee will investigate if the governor committed any impeachable offenses in a sex-charged scandal involving a former top aide. – AP/Baytown Sun

Developer thanks Mobile officials for project contribution

Touting what could be “the best view of Mobile’s skyline,” developer Mike Rogers recently thanked city and county officials for their $5 million contribution to “Meridian at The Port” — a $46.5 million, privately owned apartment complex slated for construction downtown. Rogers, who is co-owner of Rogers & Willard Construction, was addressing Mobile County Commissioners June 13 as they voted 2-1 to contribute $500,000 to the project. – Lagniappe

Coca-Cola Bottling swapping territories to consolidate

Coca-Cola Bottling Company UNITED has signed a letter of intent to acquire production facilities in Leroy, Robertson and Mobile, Alabama from Coca-Cola Consolidated. It will also exchange its territories in Spartanburg and Bluffton, South Carolina for territories in Florence, Alabama and Panama City, Florida. UNITED will also buy the distribution plants situated in Leroy, Mobile, and Robertsdale, Alabama; Bainbridge, Columbus, and Sylvester, Georgia; and Laurel and Ocean Springs, Mississippi. – DBR

Fairhope-based Aptus Capital Advisors launches

Bats Global Markets Inc., the #1 U.S. market for exchange-traded fund (ETF) trading, today welcomed Aptus Capital Advisors as a new issuer to the Bats ETF Marketplace with the launch of the Aptus Behavioral Momentum ETF. The new ETF is the first fund from Aptus, Fairhope and seeks to track the performance of the proprietary Aptus Behavioral Momentum Index. In favorable market environments, Behavioral Momentum seeks to own stocks that are making or near new highs and, in difficult environments, it seeks to preserve capital by gaining exposure to treasury securities. – BusinessWire

Newspaper tests hospitals on open records law

The initial reluctance several months back by Regional Medical Center to release details of a contract to operate its emergency department spurred The Anniston Star to test the waters of public hospitals and state Open Records laws. The paper contacted eight public hospitals from across Alabama that outsourced ER operations to a contractor and asked for a copy of the financial agreement. – Anniston Star

Ground broken on new Hoover Sports and Events Center

The City of Hoover has broken ground on the Hoover Sports and Events Center. The facility will be built adjacent to the Hoover Metropolitan Stadium on 120 acres and is estimated to cost $76 million. Features of the facility include an indoor events center, outdoor sports fields, tennis complex and RV Park expansion. Goodwyn, Mills and Cawood have provided the architectural and engineering services for the project. Brasfield & Gorrie is providing construction management. – News release

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