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Top News: Thursday, May 16

 
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United Launch Alliance rockets lifts Boeing satellite into orbit for GPS system

The first satellite under Boeing's Launch and On-Orbit Support contract with the Air Force, designed to bolster the GPS navigation system, was launched yesterday on an Atlas V rocket built at United Launch Alliance facilities in Decatur. — Boeing PR

Scrushy claims innocence

In a televised interview with Huffington Post, HealthSouth founder Richard Scrushy reiterates that neither he nor former Gov. Don Siegelman did anything wrong. — Huffington Post

Marshall Space Flight Center update

Marshall's budget is stable at about $2 billion, and the space launch system is on target and new buildings are planned to replace aging facilities, Marshall Director Patrick Scheuermann told contractors in an annual update; he also gave kudos to contractors Science Applications International Corp. and Dynetics for their NASA work. — Huntsville Times

Regions settles funds complaint

Regions Bank has agreed to pay $25 million to settle a complaint alleging that one of its Morgan Keegan advisers misled a pension fund about securities, causing the fund to lose some $50 million during the initial months of the recent recession. — CPA Practice Adviser

Governor to speak at Huntsville Chamber

Gov. Robert Bentley will present an update on the state's economy at the Huntsville Chamber of Commerce May 22. — al.com

Protective Life dividend up

Birmingham's Protective Life announced a $0.20 dividend this week, up 11 percent from last quarter. — Motley Fool

Mercedes aficionados gather in Tuscaloosa

Owners, dealers, marketers and retailers who love the Mercedes-Benz brand will gather in Tuscaloosa this weekend for the biennial meeting of the Mercedes-Benz Club of America. — MBCA PR

Business incubator in the Shoals wins praise

The Shoals Entrepreneurial Center is highlighted in a new book that reviews the best incubator programs in the country. — Florence Times-Daily

Strike, regulatory stoppage drop Colombian coal output more than 21 percent

Colombian coal output was down more than 21 percent for the first quarter when one miner was closed 32 days by a strike and another — Alabama-based Drummond — was banned from loading ships for 23 days because of a weather-related coal spill.  — Mining Weekly

 
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