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Top News Links: Thursday, May 17

What’s a couple of billion here or there?

Rep. Spencer Bachus raises questions over the significance of JPMorgan’s $2 billion trading loss. — New York Times

Business Alabama note: JPMorgan Chase is the 12th largest contributer to Bachus' 2011-2012 campaign committee, at $11,000--a list led by Credit Suisse Group, at $22,700. Commercial banks were the largest industry group contributing to Bachus, at $226,150. 

Jeffco tax measure fails

House refuses to consider measure allowing bankrupt Jefferson County to raise taxes.  — Bloomberg Businessweek

Special session begins

Alabama Legislature enters special session with intent to design new legislative districts and consider a budget transfer bill. — Montgomery Advertiser

Sierra Nevada arrives in Huntsville

Huntsville welcomes new office of Sierra Navada Corp., one of America's fastest growing private companies. — Sacramento Bee

Media shuffle

Berkshire Hathaway Inc. purchases almost all newspapers owned by Media General Inc., including 63 newspapers in four southern states. — Wall Street Journal

Business Alabama note: Media General newspapers in Alabama include the Opelika-Auburn News, Dothan Eagle, Eufala Tribune and Enterprise Ledger.

Going mobile

Michigan company purchases Haleyville-based manufactured housing supplier, MSR Forest Products. — MarketWatch

Bigger Beer

Gov. Robert Bentley signs the Gourmet Bottle Bill, which will increase the beer container size limit from 16 oz. to 25.4 oz. beginning Aug. 1. — Mobile Press-Register

Construction companies pump iron

Hoar Construction LLC and Paladin Construction Group awarded contract to build large physical fitness facility in Kentucky .— The Birmingham News

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