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Top News Links: Tuesday, May 1

877 new jobs at Hyundai

Hyundai Motor Manufacturing Alabama LLC, based near Montgomery, plans to add a third production shift, adding 877 jobs and increasing production by about 20,000 cars. — Birmingham News

Jeffco prepares to be poor

Officials in cash-strapped Jefferson County had hoped the legislature would let them raise taxes; now the outlook is grim and the county is considering plans that include eliminating building inspections, stopping food delivery to homebound elderly and curtailing courts. — Bloomberg Businessweek

Boeing challenged over Russian engineers

An Iowa senator has asked federal agencies to investigate Boeing's use of B-1 visas for Russian contract engineers; similar practice with Indian workers at Huntsville's Infosys is being challenged in court in Alabama. — Seattle Times

Auburn company beating off-shore prices

Capital Cups, based in Auburn, is beating off-short competition not just on "made in USA" labels but also on price points. — Manufacturing.net 

Viper acquires high performance firm

Viper Powersports Inc., based in Auburn, has acquired PMFR, a Minnesota high-performance racing bike manufacturer, which will function as a Viper subsidiary, producing high performance products. — Automotive Business Review

Tough first quarter for BancTrust

Mobile-based BancTrust reported a drop in first quarter income compared to last year, but points to positives including a drop in non-performing assets and good expense controls. The bank is looking for a merger partner. — The Street

Delta buying refinery

Delta Air Lines Inc. plans to purchase a Pennsylvania refinery, hoping to cut fuel costs. — WPMI/MSNBC

Rail service in SE Alabama

Newly formed Columbus & Chattahoochee Railroad Inc. plans to offer rail service from Girard to Mahrt beginning in July; expects to handle 17,000 carloads a year, mainly of coated paperboard. — Marketwatch

Tank updates

General Dynamics Land Systems, with operations in Anniston, wins $31 million contract to upgrade old Abrams tanks. — Zacks

Bachus says he's cleared

U.S. Rep. Spencer Bachus (R-AL) says that a Congressional committee investigating his investments says he broke no rules. — Bloomberg Businessweek

Immigration law gets NAFTA challenge

Leaders of Service Employees International Union file action saying that Alabama's immigration law violates NAFTA provisions. — Investors Business Daily

If plastic junk can fly…

Eco-adventurer plans to create jet fuel from non-recyclable plastic — enough to power his mini-plane across England. — MSNBC

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