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Top News Links: Monday, June 26

Austal wins $779M contract for 14th LCS

Australian shipbuilder Austal has won a $779 million contract to build a 14th Littoral Combat Ship for the U.S. Navy. The company on Monday said the 127-metre LCS28 will be built at its shipyard in Mobile employing techniques that would be applied if it wins the Australian government's $3 billion Offshore Patrol Vessel contract. – AP/News.com

Food & Wine magazine leaving New York for Birmingham

Food & Wine, the glossy, chef-focused food magazine, is moving to Birmingham, joining a stable of other publications owned by Time Inc. that includes Cooking Light and Southern Living. Hunter Lewis, the editor of Cooking Light, will become Food & Wine’s new editor in chief, replacing Nilou Motamed, who is leaving the company after a little more than a year. Ms. Motamed had taken over from Dana Cowin, who edited the magazine for more than 20 years. The magazine started in New York in 1978 as The International Review of Food and Wine. – NYT

Baldwin County condo sales see 9 percent rise in May

Baldwin County condo sales, which include condos along the Gulf Coast, totaled 189 units during May, a 9 percent increase from May 2016’s 173 units, according to the Baldwin County Association of Realtors Multiple Listing Service. – ANC

Port of Mobile’s new container cranes arrive

Two massive new container cranes arrived in Mobile on Saturday afternoon, completing a two-month voyage from China. When installed, they’ll increase capacity at the APM Terminals facility enough to allow the current growth trend to continue for years. – AL.com

New tire retailer expands to Alabama with Huntsville store

Tire Discounters, the nation’s eighth-largest independent tire retailer, is excited to announce a company-wide expansion. In addition to adding several new stores in its existing markets, Tire Discounters has announced that it will enter the Huntsville, Alabama market later this year – making Alabama the sixth state in the company’s geographical footprint. – Traction News

Takata succumbs to bankruptcy over airbag disasters

Long crippled by lawsuits and recall costs over its faulty air bags, Takata, the Japanese auto parts maker, filed for bankruptcy protection in Japan and the U.S. on Sunday. Takata is on the hook for billions of dollars to banks and automakers, which have been covering the replacement costs of tens of millions of the recalled air bag inflators. The company plans to sell what's rest of its operations to the rival U.S. auto parts supplier, Key Safety Systems, for $1.588 billion. – APR

Details of BMW X3 leak before today’s unveiling

Days before its official unveiling globally, scheduled for today in Spartanburg, S.C., images and details of the all-new BMW X3 has been leaked online. The leaks, which appeared on one of the country websites of the German auto giants, point towards fresh and a bit more rugged appearance as compared to the existing model. BMW's signature kidney grille gets a tweak and new all-LED headlamp and tail lamp units have been added. – Times of India

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