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Top News Links: Tuesday, March 28

Honda announces $85M addition for Lincoln plant

Honda is going to invest $85 million in its manufacturing plant in Alabama, according to a company statement. The amount is the first investment of a multi-phase project to improve vehicle manufacturing flexibility, strengthen the logistic efficiency for future models and prepare for future technologies. The new investment includes a building expansion at the south end of Line 1 for Honda Manufacturing Alabama's vehicle assembly operations. Construction for this initial phase of the project should be done by 2018. – Economic Times

Continental Motors announces $60M upgrade in Mobile

Aerospace company Continental Motors has doubled down on Mobile, announcing Monday afternoon that it will spend more than $60 million dollars on a new facility at the Brookley Aeroplex. The company expects to stay at about 430 employees locally and continue to operate in the Port City as it undergoes a major transformation intended to keep it competitive in the challenging global market for general aviation. – AL.com

Newest fat city listing include three Alabama metros

WalletHub’s analysts recently compared 100 of the most populated U.S. metro areas across 17 key indicators of weight-related problems. Its data set ranges from share of physically inactive adults to projected obesity rates by 2030 to healthy-food access. As often happens, Alabama took a hit: Mobile (no. 7), Birmingham-Hoover (no. 13) and Huntsville (no. 27). Wait, Huntsville? – News release

Birmingham-based NuTech Medical to be bought

Organogenesis Inc., a Massachusetts-based company that sells wound care and tissue regeneration products, is set to announce today that it’s buying a leading supplier of tissue products used in orthopedic surgeries. It did not disclose how much it’s paying for NuTech Medical Inc. of Birmingham. The acquisition will give Organogenesis entry into a market where annual sales total an estimated $450 million and could reach more than $750 million by 2020. – Boston Globe

Alabama joins other states in challenging asbestos payouts

Alabama is joining 12 other states in investigating asbestos bankruptcy trusts’ failure to pay out Medicaid payments as federal law requires. Lawsuits have sent more than 60 manufacturers of asbestos or asbestos-containing products into bankruptcy and have paid out more than $17 billion since 2008. The attorneys general claim that the bankruptcy trusts, which are often overseen by plaintiff lawyers, are not giving Medicare and Medicaid their fair due. – Alabama Today

Banks from Alabama join Arby’s hacking complaint

Georgia-based Arby's restaurant chain failed to prevent hackers from stealing customer information at hundreds of its stores, a Connecticut couple said in a new federal lawsuit. Since early February, eight credit unions and banks from Indiana, Alabama, Arkansas, Louisiana, Michigan, Pennsylvania and Montana have filed seven other federal lawsuits. All make similar allegations about what the credit unions describe as a massive data breach. – AP/AL.com

DealNews moves to new home in Huntsville 

DealNews, the leading destination for discovering online deals, recently made its new home in the downtown area at 203 Greene Street in what is commonly known as the “Old YMCA”.  DealNews leased approximately 15,000 square feet in the renovated historic YMCA Building. “We have been hoping to relocate to the downtown area for a several years. While our company operates solely online, we have been quite involved with the Huntsville community since our inception in 1997,” said Dan de Grandpre, CEO of DealNews. – News release

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